Volvo Q3 Earnings Beat Consensus; Sees Much Lower China Demand in 2022

Donnerstag, 21.10.2021 07:35 von PLX

• (PLX AI) – Volvo Q3 revenue SEK 85,300 million vs. estimate SEK 84,700 million.
• • Q3 adjusted EBIT SEK 9,403 million vs. estimate SEK 8,630 million
• • Q3 EPS SEK 3.47 vs. estimate SEK 3.15
• • Sees China heavy-duty truck market at 970,000 trucks next year, down from 1,490,000 this year
• • Sees North America market 300,000 trucks next year, up from 270,000 this year
• • Sees Europe market 300,000 trucks next year, up from 280,000 this year
• • China truck demand declined in Q3 following a pre-buy ahead of CN6 emission legislation and a weaker economy in general, Volvo said