Truckmaker Volvo's Q2 operating profit rises, orders jump

STOCKHOLM, ‌July 17 (Reuters) - ​Swedish ​truckmaker Volvo Group ‌reported on Friday a ⁠rise in second-quarter ‌operating profit that ‌roughly matched expectations as sales rose, ​and said its truck order ⁠intake increased by 33% ​from a year earlier.

Operating profit increased to ​13.5 billion ‌crowns ($1.40 billion) from a ⁠year-earlier 9.96 billion and a ⁠mean forecast in an LSEG ​poll of analysts of 13.6 billion, on ‌an organic sales increase of ‌7%.

($1 = 9.6654 ⁠Swedish crowns)

(Reporting ‌by ​Anna Ringstrom, editing by Terje ‌Solsvik)

You May Also Be Interested In

• China calls US visa regulations 'discriminatory', threatens countermeasures
• Saab profit beats forecast as defence boom spurs surge in orders
• Volvo Cars posts smaller profit for the second quarter