By Dominic ChoppingSTOCKHOLM -- Volvo AB said late Tuesday that preliminary first-quarter net sales rose 25% on year to 131.4 billion Swedish kronor ($12.57 billion), beating the SEK118.4 billion expected in a FactSet poll. In a statement ahead of its full-earnings report due on April 20, the Swedish truck maker said preliminary first-quarter adjusted operating income rose to SEK18.4 billion from SEK12.7 billion, with its adjusted operating margin rising to 14.0% from 12.0%. Net sales in its construction equipment unit rose 11% to SEK25.1 billion, while adjusted operating income rose 64% SEK4.6 billion, corresponding to an adjusted operating margin of 18.3% from 12.4%. Write to Dominic Chopping at dominic.chopping@wsj.com-Dominic ChoppingThis content was created by MarketWatch, which is operated by Dow Jones & Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal. (END) Dow Jones Newswires04-12-23 0211ETCopyright (c) 2023 Dow Jones & Company, Inc.

Source: Wall Street Journal April 12, 2023 06:15 UTC