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5-day change | 1st Jan Change | ||
270.40 SEK | +1.16% |
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-0.26% | +0.67% |
04:17am | Cliens Sverige Rises 0.5 Percent in June, Invests in H&M | FW |
03:45am | Company earnings: key dates for next week | ![]() |
Business description: AB Volvo
- 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: December | 2020 | 2021 | 2022 | 2023 | 2024 |
---|---|---|---|---|---|
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 |
Geographical breakdown of sales: AB Volvo
Fiscal Period: December | 2020 | 2021 | 2022 | 2023 | 2024 |
---|---|---|---|---|---|
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 | - | - | - |
Executive Committee: AB Volvo
Manager | Title | Age | Since |
---|---|---|---|
Martin Lundstedt
CEO | Chief Executive Officer | 58 | 2015-10-21 |
Mats Backman
DFI | Director of Finance/CFO | 57 | 2023-09-30 |
Compliance Officer | 51 | 2022-12-31 | |
Lars Stenqvist
CTO | Chief Tech/Sci/R&D Officer | 58 | 2016-09-30 |
Investor Relations Contact | - | - |
Composition of the Board of Directors: AB Volvo
Director | Title | Age | Since |
---|---|---|---|
Lars Ask
BRD | Director/Board Member | 66 | 2016-03-31 |
Director/Board Member | 73 | 2014-04-01 | |
Director/Board Member | 68 | 2014-04-01 | |
Martina Merz
BRD | Director/Board Member | 62 | 2015-03-31 |
Martin Lundstedt
BRD | Director/Board Member | 58 | 2016-04-05 |
Director/Board Member | 55 | 2016-04-05 | |
Director/Board Member | 59 | 1996-12-31 | |
Eric A. Elzvik
BRD | Director/Board Member | 64 | 2018-04-04 |
Kurt Jofs
BRD | Director/Board Member | 67 | 2020-06-17 |
Martha Brooks
BRD | Director/Board Member | 66 | 2021-03-30 |
Company details: AB Volvo

Group companies: AB Volvo
Name | Category and Sector |
---|---|
VFS Equipment Receivables Finance LLC | |
Volvo Treasury Asia Ltd. |
Financial Conglomerates
|
Volvo Group Venture Capital AB
![]() Volvo Group Venture Capital AB Investment ManagersFinance Volvo Group Venture Capital AB (Volvo Group Venture Capital) is a venture capital subsidiary of Volvo AB founded in 1997. The firm is headquartered in Gothenburg, Sweden. |
Investment Managers
|
Volvo Treasury Canada Inc.
![]() Volvo Treasury Canada Inc. Wholesale DistributorsDistribution Services Part of Volvo AB, Volvo Treasury Canada Inc. is a Canadian company that wholesales automobiles. The company is located in Canada. |
Wholesale Distributors
|
Volvo Treasury AB |
Finance/Rental/Leasing
|
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% |
Sector

Quarterly revenue - Rate of surprise
- Stock Market
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- VOLV B Stock
- Company AB Volvo
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