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About: http://data.cimple.eu/news-article/3d1e2a78a1bd2963af06e63287e3f2c2322f351587f2f8d3e92c7853 Goto Sponge NotDistinct Permalink

An Entity of Type : schema:NewsArticle, within Data Space : data.cimple.eu associated with source document(s)

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rdf:type	schema:NewsArticle
schema:articleBody	Swedish truckmaker Volvo, one of the world's largest, on Friday reported at 23 percent drop in its third quarter net profit but said the impact of the Covid-19 pandemic was easing. Net profit for the period came in at 5.72 billion Swedish kronor ($646 million, 550 million euros), compared to 7.46 billion a year earlier. While restrictions owing to the new coronavirus severely impacted sales, CEO Martin Lundstedt noted that "towards the end of the quarter transport activity was back on roughly the same level as a year ago in most markets." "After the easing of COVID-19 restrictions, freight activity has increased and customers are returning to previously planned replacement cycles," Lundstedt said in a statement. Compared to a year earlier sales for the group fell by 22 percent to 76.9 billion kronor, led by a 26 percent drop in truck sales, for the period July to September. Lundstedt also noted that uncertainty about future developments was "considerable as an increase in the spread of Covid-19 can lead to new restrictions on societies and businesses." jll/bmm
schema:headline	Truckmaker Volvo reports 23% drop in profit
schema:mentions	Volvo Glenn L. Martin Company Sweden Chief executive officer Pandemic Coronavirus disease 2019 Swedish krona Net income JLL (company)
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2020-10-16 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	negative sentiment
http://data.cimple...readability_score	73 (xsd:integer)

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