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Truck maker AB Volvo proposes extra dividend as Q4 core profit grows By Reuters

Truck maker AB Volvo proposes extra dividend as Q4 core profit grows

© Reuters. The Volvo logo is seen in truck for sale in Linden, New Jersey, U.S., May 23, 2022. REUTERS/Andrew Kelly

(Reuters) -Swedish truck maker AB Volvo reported a slightly bigger rise than expected in fourth-quarter core profit on Thursday and proposed an extra dividend.

Adjusted operating profit rose to 12.2 billion crowns ($1.19 billion) from 10.1 billion a year earlier, against 12.5 billion seen on average by analysts in a Refinitiv poll.

Volvo proposed an ordinary dividend of 7.00 crowns per share, and an extra dividend of the same amount, for 2022.

($1 = 10.1895 Swedish crowns)

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