The profit before tax was SEK 6,560 billion, compared to SEK 5,689 billion last year.
Analysts had expected a profit of SEK 5,900 million, according to Bloomberg’s compilation.
“The market outlook is uncertain due to, among other things, rising inflation, energy shortages and bottlenecks in the logistics chains and effects from the war in Ukraine,” writes CEO Martin Lindqvist in the quarterly report.