Business description: AB Volvo

AB Volvo is the leading European truck maker and No. 3 worldwide. Net sales break down by activity as follows:

- sales of trucks (68.4%): 219,377 vehicles sold in 2024 (names Volvo, Renault, Eicher and Mack);

- sales of construction equipment (16.8%): excavators, loaders, backhoes, hydraulic shovels, graders, dump trucks, etc.;

- financial services (5.1%);

- bus and chassis sales (4.7%): world's No. 2 largest manufacturer;

- sales of parts, control systems, and marine and industrial motors (3.8%): for commerce and cruise ships and for industrial applications (irrigation units, lifting trucks, electrical generators, etc.);

- other (1.2%).

Net sales are distributed geographically as follows: Europe (41.1%), North America (30.8%), Asia (11.2%), South America (10.7%), Africa and Oceania (6.2%).

Number of employees: 91,154

Sales by Activity: AB Volvo

Fiscal Period: December20202021202220232024

Industrial Operations - Trucks

208B 231B 311B 373B 361B

Industrial Operations - Construction Equipment

81.45B 92.03B 100B 105B 88.3B

Financial Services

13.96B 13.44B 17.36B 24.01B 26.98B

Industrial Operations - Buses

19.79B 13.65B 18.58B 22.42B 24.54B

Industrial Operations - Group Functions and Other

7.87B 13.46B 16.38B 16.81B 16.55B

Industrial Operations - Volvo Penta

11.89B 14.44B 18.1B 21.01B 19.85B

Eliminations

-2.8B -3.4B -4.16B -5B -4.88B

Reclassifications and Eliminations

-1.99B -2.28B -3.58B -4.52B -5.14B
See all business segments

Geographical breakdown of sales: AB Volvo

Fiscal Period: December20202021202220232024

USA

65.87B 81.32B 115B 138B 134B

Other Europe

82.16B 99.59B 118B 149B 134B

Asia (Excl. China)

- - 41.96B 51.62B 43.34B

Brazil

13.93B 21.79B 37.2B 35.99B 43.33B

France

28.35B 30.81B 36.25B 46.06B 41.54B

Africa and Oceania

- - 29.03B 36.06B 32.84B

UK

13.92B 17.51B 23.64B 28.09B 29.21B

North America (Excl. USA)

15.5B 17.45B 21.66B 26.97B 28.3B

China

36.29B 29.68B 22.43B 14.49B 15.44B

South America (Excl. Brazil)

7.56B 8.63B 14.54B 13.18B 13.23B

Sweden

10.28B 10.16B 12.79B 13.9B 11.73B

Japan

19.64B 5.93B - - -

Asia (Excl. China & Japan)

25.18B 27.55B - - -

Other Markets

19.76B 21.8B - - -
See all geographic segments

Executive Committee: AB Volvo

Manager TitleAgeSince
Chief Executive Officer 58 2015-10-21
Director of Finance/CFO 57 2023-09-30
Compliance Officer 51 2022-12-31
Chief Tech/Sci/R&D Officer 58 2016-09-30
Investor Relations Contact - -
See AB VOLVO governance

Composition of the Board of Directors: AB Volvo

Director TitleAgeSince
Director/Board Member 66 2016-03-31
Director/Board Member 73 2014-04-01
Director/Board Member 68 2014-04-01
Director/Board Member 62 2015-03-31
Director/Board Member 58 2016-04-05
Director/Board Member 55 2016-04-05
Director/Board Member 59 1996-12-31
Director/Board Member 64 2018-04-04
Director/Board Member 67 2020-06-17
Director/Board Member 66 2021-03-30
Composition of the Board of Directors

Shareholders: AB Volvo

NameEquities%Valuation
AMF Fonder AB
2.897 %
46,025,743 2.897 % 1 282 M kr
Alecta Pension Insurance Mutual
2.151 %
34,166,611 2.151 % 951 M kr
Nordea Investment Management AB
1.878 %
29,839,225 1.878 % 831 M kr
Industrivärden AB (Investment Company)
1.517 %
24,100,000 1.517 % 671 M kr
Första AP-fonden
1.469 %
23,327,985 1.469 % 650 M kr
NameEquities%Valuation
Industrivärden AB (Investment Company)
37.44 %
166,600,000 37.44 % 4 646 M kr
19.93 %
88,684,474 19.93 % 2 473 M kr
AMF Fonder AB
6.565 %
29,211,984 6.565 % 815 M kr
Alecta Pension Insurance Mutual
4.66 %
20,736,595 4.66 % 578 M kr
AFA Sjukförsäkringsaktiebolag (Invt Mgmt)
3.062 %
13,623,734 3.062 % 380 M kr
NameEquities%Valuation
Boston Common Asset Management LLC
0.006169 %
97,996 0.006169 % 3 M kr
RhumbLine Advisers LP
0.003207 %
50,935 0.003207 % 1 M kr
Ativo Capital Management LLC
0.002835 %
45,028 0.002835 % 1 M kr
GAMMA Investing LLC
0.000338 %
5,373 0.000338 % 149 627 kr
PNC Investments LLC
0.000082 %
1,301 0.000082 % 36 230 kr
List of AB VOLVO shareholders

Company details: AB Volvo

Volvo AB

Gropegårdsgatan 2

417 15, Gothenburg

+46 31 66 00 00

http://www.volvogroup.com
address AB Volvo(VOLV B)

Group companies: AB Volvo

NameCategory and Sector
VFS Equipment Receivables Finance LLC
Volvo Treasury Asia Ltd.
Financial Conglomerates
Investment Managers
Wholesale Distributors
Volvo Treasury AB
Finance/Rental/Leasing
See all subsidiaries

Heavy Trucks

Change 5d. change 1-year change 3-years change Capi.($)
+1.50%0.00%+3.00%+65.93% 56.92B
+0.88%-1.71%+44.65%+116.17% 8.02B
+1.52%+8.66%+33.42%+77.89% 4.95B
+1.07%+1.82%+28.22%+28.32% 2.92B
-1.54%-9.55% - - 2.33B
-1.42%+2.67%-5.45%+53.70% 2.27B
+1.33%+3.32%+1.82%-24.26% 2.19B
-3.39%-2.97%+72.98%-24.56% 1.58B
+3.08%+0.26%+26.73%+123.71% 1.37B
+0.16%-3.16%+95.22%-30.18% 959M
Average +0.32%-0.40%+33.40%+42.97% 8.35B
Weighted average by Cap. +1.19%+0.47%+12.46%+65.56%
See all sector performances
Trading Rating
Investor Rating
ESG MSCI
A
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
20
Last Close Price
267.30SEK
Average target price
303.53SEK
Spread / Average Target
+13.56%
Consensus

Quarterly revenue - Rate of surprise