Volvo shares have also been hit by its October admission that some of its engines run the risk of exceeding emission limits, in a problem unrelated to Volkswagen's Traton and Daimler. Investor sentiment is now somewhat negative so (shares) might go back a little actually," Pareto Securities analyst Erik Paulsson told Reuters.Īlthough order intake for its construction equipment grew 9 percent, two analysts said it was weaker than expected. "Volvo had good numbers but the order intake may be some what of a troublesome point. ![]() ![]() Volvo, which also makes construction equipment and engines, said that total truck order intake decreased by 14 percent, lagging the 65,416 forecast by analysts polled. ![]() Shares in Volvo, which ignited worries in October with a forecast of slowing market demand outlook in Europe and China, were down 2 percent to 123.90 Swedish crowns at 0834 GMT as investors focused on the order intake figures. ![]() The truckmaker, which has been buoyed by robust demand in recent years as truck buyers renew fleets starved of investment during the last downturn, also repeated its 2019 demand outlook. STOCKHOLM (Reuters) - Sweden's Volvo said on Wednesday that its fourth-quarter truck order intake fell by 14 percent to 59,535 trucks, a total below analysts' forecasts, but announced a special dividend after strong cash generation.
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