Volvo Group Q1 Profit Down 17%

Volvo Group Q1 net profit dropped 17% to 8.32 bn crowns, with net sales down 9% to 110.77 bn crowns.
U.S. tariffs cost the group about 1 bn crowns in Q1, hitting construction equipment, and are expected to rise to ~1.2 bn crowns in Q2.
North American truck orders rose 78% to 18,221 units, but total deliveries fell 3% to 47,504 units; production should rebalance from May.
Adjusted operating margin rose to 11% despite lower income, while cash flow dropped to 432 m crowns from 1.31 bn crowns a year earlier.