Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
293.4 SEK | +0.82% | +0.82% | +9.89% |
11:47am | Volvo Cars Hires Banks for Potential Green Bond Offering | MT |
26/04 | VW's trucks arm Traton posts higher sales even as markets normalise | 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 | 22/15/22 |
Mats Backman
DFI | Director of Finance/CFO | 56 | 01/23/01 |
Compliance Officer | 50 | 01/07/01 | |
Lars Stenqvist
CTO | Chief Tech/Sci/R&D Officer | 57 | 01/16/01 |
58 | - | ||
Lars Ask
BRD | Director/Board Member | 65 | 01/82/01 |
Johan Bartler
IRO | Public Communications Contact | - | 01/15/01 |
Bruno Blin
PRN | Corporate Officer/Principal | 61 | 01/99/01 |
Jens Holtinger
PRN | Corporate Officer/Principal | 54 | 01/95/01 |
Phil Wilkes
PRN | Corporate Officer/Principal | - | - |
Members of the board
Members of the board | Title | Age | Since |
---|---|---|---|
Jan Carlson
BRD | Director/Board Member | 64 | 06/22/06 |
Director/Board Member | 72 | 02/14/02 | |
Kurt Jofs
BRD | Director/Board Member | 66 | 18/20/18 |
Martha Brooks
BRD | Director/Board Member | 65 | 31/21/31 |
Director/Board Member | 67 | 02/14/02 | |
Director/Board Member | 54 | 06/16/06 | |
Martin Lundstedt
CEO | Chief Executive Officer | 57 | 22/15/22 |
Director/Board Member | 59 | 01/23/01 | |
Martina Merz
BRD | Director/Board Member | 61 | 01/15/01 |
Eric A. Elzvik
BRD | Director/Board Member | 63 | 05/18/05 |
Share class
Vote | Quantity | Free-Float | Company-owned shares | Total Float | |
---|---|---|---|---|---|
Stock A | 1 | 444,986,150 | 188,749,957 ( 42.42 %) | 0 | 83.05 % |
Stock B | 0 | 1,588,465,934 | 1,499,992,799 ( 94.43 %) | 0 |
Company contact information
Group companies
Name | Category and Sector |
---|---|
Volvo Treasury AB
|
Finance/Rental/Leasing
|
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 North America LP
Volvo Treasury North America LP Finance/Rental/LeasingFinance Part of Volvo AB, Volvo Treasury North America LP is an American company that provides business finance services. The private company is located in the US. |
Finance/Rental/Leasing
|
Volvo Automotive Finance (China) Ltd.
Volvo Automotive Finance (China) Ltd. Finance/Rental/LeasingFinance Volvo Automotive Finance (China) Ltd. is an automotive financing company in China. It is a subsidiary of Volvo AB. The company was founded in 2006 and is headquartered in Beijing, CN. |
Finance/Rental/Leasing
|
Volvo Holding France
Volvo Holding France Financial ConglomeratesFinance Part of Volvo AB, Volvo Holding France is an investment holding French company. The private company is based in St Priest, France and was founded in 1995. |
Financial Conglomerates
|
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
|
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 private company is located in Denmark. |
Wholesale Distributors
|
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 private company is based in Gothenburg, Sweden. |
Motor Vehicles
|
Sector
Sales per Business
Sales per region
EPS Revisions
1st Jan change | Capi. | |
---|---|---|
+25.98% | 6.79B | |
+6.14% | 3.87B | |
+26.72% | 2.75B | |
+5.92% | 2.6B | |
+28.56% | 2.56B | |
-5.91% | 1.11B | |
+8.76% | 1.02B | |
-25.04% | 682M | |
+29.62% | 619M |
- Stock Market
- Equities
- VOLV B Stock
- VOLV A Stock
- Company AB Volvo