stockholmvolvo ab said thursday that it posted a firstquarter record for truck deliveries as european supplychain disruptions eased while demand for new trucks rose sharply truck deliveries rose 11 in the quarter while order intake rose 32 the swedish truck maker prereleased preliminary firstquarter numbers last week saying sales rose 25 on the year to 1314 billion swedish kronor 1269 billion with adjusted operating income of sek184 billion and the adjusted operating margin rising to 140 from 120 on thursday it reported a net profit of sek1291 billion from sek703 billion a year earlier volvo said that despite a deteriorating economic outlook with high inflation and rising interest rates transport volumes and infrastructure activity have continued to be solid in most markets in combination with customers need to renew aging fleets this has contributed to good demand for its products it added the disturbances in the european supply chains have not been as extensive as in the autumn and have contributed to increased productivity chief executive martin lundstedt said the north american supply chain on the other hand remains unstable which leads to production disturbances volvo raised its 2023 truck market forecasts for europe and north america and mainted guidance in other regions