North America And Europe Buoy Volvo's Q111 Results, But Future Growth Lies In Emerging Markets

A robust recovery in the key European and North American markets has helped Swedish firm Volvo post an impressive 22% year-on-year (y-o-y) increase in sales, to a value of SEK71.6bn, in Q111. The European and North American markets together accounted for 57.7% of the company's global truck sales in the period. Despite its exposure to what we feel are mature markets where there is little growth potential, BMI remains highly optimistic about Volvo's long-term growth prospects thanks to its impressive performances in Latin America and parts of Asia.

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