STOCKHOLM (Reuters) -Swedish truckmaker AB Volvo reported on Wednesday a larger drop than expected in fourth-quarter operating profit but raised its dividend payout. Operating profit was 14.04 billion crowns ($1.

Volvo Group reported its latest financial results on Wednesday and highlighted slower sales in Europe due to a declining demand for trucks. View on euronews

Volvo AB earnings declined in the fourth quarter as the Swedish truckmaker struggled with softer demand for heavy-duty rigs in markets including Europe.

A jump in fourth-quarter orders at truckmaker Volvo boosted hopes on Wednesday for a less bleak 2025, sending its shares up as much as 6% despite profits missing expectations.