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Volvo third quarter core profit in line, sees market slowdown in 2017

Reuters
The logo of Swedish truck maker Volvo is pictured at the IAA truck show in Hanover, September 22, 2016. REUTERS/Fabian Bimmer

STOCKHOLM (Reuters) - Truck maker Volvo reported a slide in quarterly core earnings on Friday in line with expectations and forecast a decline in truck markets on both sides of the North Atlantic next year.

Adjusted operating earnings at Sweden's Volvo fellto 4.85 billion Swedish crowns (445.66 million pounds) from a year-ago 5.09 billion to come in roughly in line with a mean forecast of 4.83 billion in Reuters poll of analysts.

"In the third quarter, profitability improved slightly as better underlying performance offset the impact from lower volumes," Chief Executive Martin Lundstedt said in a statement.

(Reporting by Niklas Pollard and Johannes Hellstrom)