Volvo's truck business has a profitability that outclasses its rivals. This is according to Dagens industri after the company provided some information about the operating margin at the capital markets day last Thursday.

Volvo does not usually give out that kind of information for its brands, Volvo Trucks, Renault Trucks and Mack Trucks.

But at the capital markets day, the company revealed that Volvo Trucks had raised the operating margin by 6.7 percentage points during the period 2017-2023. Based on this, Di has calculated that the operating margin last year must have been at least over 17 percent. This is because Volvo Trucks already had an operating margin in 2017 that exceeded the group's target of over 10 percent, which emerged during the capital market day in 2017 and 2019.

In comparison, Scania, part of the Traton Group, has recently set a long-term margin target of reaching 15% under favorable conditions. This means that Volvo is significantly outperforming Scania, which together with US Paccar have historically been the most profitable truck manufacturers.