Volvo preliminary sales beat expectations

STOCKHOLM — 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 SE:VOLV.A SE:VOLV.B 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%.

Reported…