AB Volvo, a truck manufacturer, reports third-quarter earnings slightly below expectations.

On Thursday, Swedish truck manufacturer AB Volvo reported third-quarter core earnings that fell just short of market expectations and predicted 300,000 registrations of heavy-duty vehicles in Europe by 2023.

The Gothenburg company’s operating profit went up from 9.40 billion Swedish crowns a year ago to 11.87 billion crowns. This was less than the average prediction of 11.96 billion crowns made by analysts polled by Refinitiv.