stockholmvolvo raised the truck market outlook wednesday while noting that demand will begin to normalize from here the swedish truck maker said truck deliveries rose 5 in the second quarter as a result of work across the value chain to handle continued supply disturbances while order intake fell 10 as the company has continued to be restrictive in slotting orders in addition to more cautiousness among customers volvo reported a net profit of 1077 billion swedish kronor 105 billion compared with sek1044 billion a year earlier as sales rose 18 on the year to sek14082 billion analysts polled by factset had seen a net profit of sek1295 billion on sales of sek1350 billion the company reported an adjusted operating margin of 154 from 116 adjusted operating income excludes a previously announced sek127 billion restructuring provision in nova bus and costs of sek6 billion from a european commission antitrust settlement it said we have been successful in improving margins while managing cost inflation and increased disturbances in the supply chain chief executive martin lundstedt said we are gradually entering into a more normalized demand situation with record strong profitability and high operational performance volvo raised its 2023 truck market forecasts for europe and north america and maintained guidance in other regions