Volvo Report on the first quarter 2023

In Q1 2023, net sales increased by 25% to SEK 131.4
billion (105.3). Adjusted for currency movements, the
increase was 17%.
Compared with Q1 2022, the higher adjusted operating income is
mainly an effect of price realization and favorable brand and product
mix in Construction Equipment. This was partly offset by higher
material costs as well as increased R&D and selling expenses.