STOCKHOLM — Volvo AB stated slack Tuesday that preliminary first-quarter accumulate sales rose 25% on year to 131.4 billion Swedish kronor ($12.57 billion), beating the SEK118.4 billion anticipated in a FactSet poll.
In a observation before its fleshy-earnings document due on April 20, the Swedish truck maker
VOLV.A,
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stated preliminary first-quarter adjusted operating income rose to SEK18.4 billion from SEK12.7 billion, with its adjusted operating margin rising to 14.0% from 12.0%.
Reported operating income–including costs of SEK1.3 billion for a previously launched restructuring in its buses unit–amounted to SEK17.1 billion, from SEK8.6 billion.
The corporate stated accumulate sales in its predominant trucks division amounted to SEK89.6 billion, up from SEK69.6 billion in the first quarter closing year, with adjusted operating income up 46% to SEK12.7 billion and an adjusted operating margin of 14.2% from 12.5%.
Procure sales in its constructing instruments unit rose 11% to SEK25.1 billion, whereas adjusted operating income rose 64% SEK4.6 billion, identical to an adjusted operating margin of 18.3% from 12.4%.
Write to Dominic Cutting again at dominic.cutting@wsj.com