Tariff refunds and forex prop up Volvo’s Q3 profit

Volvo Group continued to see improvement in Q3, as revenue grew 8% year-on-year to SEK 119.5bn (US$12.0bn) on the back of higher sales in North America. This leaves the top line essentially flat over the first nine months compared to the same period last year, but still considerably better than the company might have feared following Q1.