Real-time Estimate
Other stock markets
|
5-day change | 1st Jan Change | ||
270.9 SEK | -1.56% | -4.91% | +3.63% |
11:00am | Volvo Transfers Production of China-Made EVs to Belgium | MT |
08:00am | EU set to disclose tariff rates for Chinese electric vehicles | RE |
Business Summary
- sales of trucks (66.3%): 246,272 vehicles sold in 2023 (names Volvo, Renault, Eicher and Mack);
- sales of construction equipment (18.7%): excavators, loaders, backhoes, hydraulic shovels, graders, dump trucks, etc.;
- financial services (4.3%);
- bus and chassis sales (4%): world's No. 2 largest manufacturer;
- sales of parts, control systems, and marine and industrial motors (3.7%): for commerce and cruise ships and for industrial applications (irrigation units, lifting trucks, electrical generators, etc.);
- other (3%).
Net sales are distributed geographically as follows: Europe (42.8%), North America (29.8%), Asia (12%), South America (8.9%), Africa and Oceania (6.5%).
Number of employees: 91,242
Sales per Business
SEK in Million | 2022 | Weight | 2023 | Weight | Delta |
---|---|---|---|---|---|
Trucks
66.7
%
| 307,344 | 64.9 % | 368,701 | 66.7 % | +19.96% |
Construction Equipment
18.9
%
| 99,786 | 21.1 % | 104,245 | 18.9 % | +4.47% |
Financial Services
4.3
%
| 16,966 | 3.6 % | 23,576 | 4.3 % | +38.96% |
Buses
3.8
%
| 17,387 | 3.7 % | 21,116 | 3.8 % | +21.45% |
Volvo Penta
3.6
%
| 17,108 | 3.6 % | 20,023 | 3.6 % | +17.04% |
Group Functions and Other including Eliminations
2.7
%
| 14,888 | 3.1 % | 15,102 | 2.7 % | +1.44% |
Sales per region
SEK in Million | 2022 | Weight | 2023 | Weight | Delta |
---|---|---|---|---|---|
Europe
26.9
%
| 118,479 | 25.0 % | 148,565 | 26.9 % | +25.39% |
United States
24.9
%
| 115,499 | 24.4 % | 137,856 | 24.9 % | +19.36% |
Asia
9.3
%
| 41,963 | 8.9 % | 51,618 | 9.3 % | +23.01% |
France
8.3
%
| 36,252 | 7.7 % | 46,061 | 8.3 % | +27.06% |
Africa and Oceania
6.5
%
| 29,033 | 6.1 % | 36,056 | 6.5 % | +24.19% |
Brazil
6.5
%
| 37,196 | 7.9 % | 35,986 | 6.5 % | -3.25% |
United Kingdom
5.1
%
| 23,641 | 5.0 % | 28,091 | 5.1 % | +18.82% |
North America
4.9
%
| 21,655 | 4.6 % | 26,969 | 4.9 % | +24.54% |
China
2.6
%
| 22,429 | 4.7 % | 14,487 | 2.6 % | -35.41% |
Sweden
2.5
%
| 12,793 | 2.7 % | 13,896 | 2.5 % | +8.62% |
South America
2.4
%
| 14,538 | 3.1 % | 13,179 | 2.4 % | -9.35% |
Managers
Managers | Title | Age | Since |
---|---|---|---|
Martin Lundstedt
CEO | Chief Executive Officer | 57 | 15-10-21 |
Mats Backman
DFI | Director of Finance/CFO | 56 | 23-09-30 |
Compliance Officer | 50 | 06-12-31 | |
Lars Stenqvist
CTO | Chief Tech/Sci/R&D Officer | 57 | 16-09-30 |
58 | - | ||
Lars Ask
BRD | Director/Board Member | 65 | 81-12-31 |
Johan Bartler
IRO | Public Communications Contact | - | 15-05-31 |
Bruno Blin
PRN | Corporate Officer/Principal | 61 | 98-12-31 |
Jens Holtinger
PRN | Corporate Officer/Principal | 54 | 94-12-31 |
Phil Wilkes
PRN | Corporate Officer/Principal | - | - |
Members of the board
Members of the board | Title | Age | Since |
---|---|---|---|
Jan Carlson
BRD | Director/Board Member | 64 | 22-04-05 |
Director/Board Member | 72 | 14-04-01 | |
Kurt Jofs
BRD | Director/Board Member | 66 | 20-06-17 |
Martha Brooks
BRD | Director/Board Member | 65 | 21-03-30 |
Director/Board Member | 67 | 14-04-01 | |
Director/Board Member | 54 | 16-04-05 | |
Martin Lundstedt
CEO | Chief Executive Officer | 57 | 15-10-21 |
Director/Board Member | 59 | 23-03-31 | |
Martina Merz
BRD | Director/Board Member | 61 | 15-03-31 |
Eric A. Elzvik
BRD | Director/Board Member | 63 | 18-04-04 |
Share class
Vote | Quantity | Free-Float | Company-owned shares | Total Float | |
---|---|---|---|---|---|
Stock A | 1 | 444,986,150 | 188,749,857 ( 42.42 %) | 0 | 83.05 % |
Stock B | 0 | 1,588,465,934 | 1,499,992,899 ( 94.43 %) | 0 |
Company contact information
Group companies
Name | Category and Sector |
---|---|
VFS Equipment Receivables Finance LLC
| |
Volvo Treasury Asia Ltd.
| |
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 AB
|
Finance/Rental/Leasing
|
Volvo Lastvagnar AB
Volvo Lastvagnar AB Motor VehiclesConsumer Durables Part of Volvo AB, Volvo Lastvagnar AB is a Swedish company that manufactures heavy trucks. The company is based in Gothenburg, Sweden. |
Motor Vehicles
|
Volvo Group Insurance Försäkrings AB
| |
Volvo CE India Pvt Ltd.
| |
Volvo Danmark A/S
Volvo Danmark A/S Wholesale DistributorsDistribution Services Part of Volvo AB, Volvo Danmark A/S is a Danish company that wholesales and retails lorries, trailers, cars, vans, mini buses, spare parts & accessories for motor vehicles. The company is located in Denmark. |
Wholesale Distributors
|
Volvo Group India Pvt Ltd.
Volvo Group India Pvt Ltd. Motor VehiclesConsumer Durables Volvo Group India Pvt Ltd. designs, manufactures, and markets automobiles and industrial trucks. The company was founded on August 2, 1996 and is headquartered in Bangalore, India. |
Motor Vehicles
|
Sector
Sales per Business
Sales per region
EPS Revisions
1st Jan change | Capi. | |
---|---|---|
+3.67% | 53.37B | |
+26.37% | 6.84B | |
+5.24% | 3.85B | |
+28.39% | 2.55B | |
+2.03% | 2.48B | |
+14.52% | 2.47B | |
+2.24% | 957M | |
-20.14% | 921M | |
-.--% | 692M | |
+25.60% | 599M |
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