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Market Closed -
Other stock markets
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5-day change | 1st Jan Change | ||
| 329.20 SEK | -1.88% |
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-6.42% | +11.25% |
| 05/03 | Volvo-backed HolyVolt buys US battery R&D firm Wildcat for $73 million | RE |
| 04/03 | North American Heavy Truck Orders Surge in February - ACT Research | FW |
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: 87,585
Sales by Activity: AB Volvo
| Fiscal Period: December | 2021 (SEK) | 2022 (SEK) | 2023 (SEK) | 2024 (SEK) | 2025 (SEK) |
|---|---|---|---|---|---|
Industrial Operations - Trucks | 23TCr | 31TCr | 37TCr | 36TCr | 32TCr |
Industrial Operations - Construction Equipment | 9.2TCr | 10TCr | 10TCr | 8.83TCr | 8.16TCr |
Financial Services | 1.34TCr | 1.74TCr | 2.4TCr | 2.7TCr | 2.65TCr |
Industrial Operations - Buses | 1.37TCr | 1.86TCr | 2.24TCr | 2.45TCr | 2.51TCr |
Industrial Operations - Group Functions and Other | 1.35TCr | 1.64TCr | 1.68TCr | 1.65TCr | - |
Industrial Operations - Volvo Penta | 1.44TCr | 1.81TCr | 2.1TCr | 1.99TCr | 2.06TCr |
Industrial Operations - Group Functions & Other Incl. Eliminations | - | - | - | - | 673.6Cr |
Eliminations | -339.8Cr | -415.5Cr | -499.8Cr | -488.3Cr | - |
Reclassifications and Eliminations | -228.3Cr | -357.9Cr | -451.8Cr | -514Cr | -479.5Cr |
Geographical breakdown of sales: AB Volvo
| Fiscal Period: December | 2021 (SEK) | 2022 (SEK) | 2023 (SEK) | 2024 (SEK) | 2025 (SEK) |
|---|---|---|---|---|---|
Other Europe | 9.96TCr | 12TCr | 15TCr | 13TCr | 11TCr |
USA | 8.13TCr | 12TCr | 14TCr | 13TCr | 11TCr |
Asia (Excl. China) | - | 4.2TCr | 5.16TCr | 4.33TCr | 4.41TCr |
France | 3.08TCr | 3.63TCr | 4.61TCr | 4.15TCr | 3.52TCr |
Brazil | 2.18TCr | 3.72TCr | 3.6TCr | 4.33TCr | 3.1TCr |
UK | 1.75TCr | 2.36TCr | 2.81TCr | 2.92TCr | 2.79TCr |
North America (Excl. USA) | 1.74TCr | 2.17TCr | 2.7TCr | 2.83TCr | 2.63TCr |
Spain | - | - | - | - | 1.67TCr |
Africa and Oceania (Excl. Australia) | - | - | - | - | 1.55TCr |
South America (Excl. Brazil) | 863Cr | 1.45TCr | 1.32TCr | 1.32TCr | 1.54TCr |
Australia | - | - | - | - | 1.5TCr |
Sweden | 1.02TCr | 1.28TCr | 1.39TCr | 1.17TCr | 1.17TCr |
China | 2.97TCr | 2.24TCr | 1.45TCr | 1.54TCr | 1.11TCr |
Africa and Oceania | - | 2.9TCr | 3.61TCr | 3.28TCr | - |
Japan | 593.3Cr | - | - | - | - |
Asia (Excl. China & Japan) | 2.75TCr | - | - | - | - |
Other Markets | 2.18TCr | - | - | - | - |
Executive Committee: AB Volvo
| Manager | Title | Age | Since |
|---|---|---|---|
Martin Lundstedt
CEO | Chief Executive Officer | 59 | 22/10/2015 |
Mats Backman
DFI | Director of Finance/CFO | 58 | 01/10/2023 |
| Compliance Officer | 52 | 01/01/2023 | |
Jens Holtinger
CTO | Chief Tech/Sci/R&D Officer | 56 | 01/09/2025 |
| Investor Relations Contact | - | - |
Composition of the Board of Directors: AB Volvo
| Director | Title | Age | Since |
|---|---|---|---|
Lars Ask
BRD | Director/Board Member | 67 | 01/04/2016 |
| Director/Board Member | 74 | 02/04/2014 | |
| Director/Board Member | 69 | 02/04/2014 | |
Martina Merz
BRD | Director/Board Member | 63 | 01/04/2015 |
Martin Lundstedt
BRD | Director/Board Member | 59 | 06/04/2016 |
| Director/Board Member | 56 | 06/04/2016 | |
| Director/Board Member | 60 | 01/01/1997 | |
Eric A. Elzvik
BRD | Director/Board Member | 65 | 05/04/2018 |
Kurt Jofs
BRD | Director/Board Member | 68 | 18/06/2020 |
Jens Holtinger
BRD | Director/Board Member | 56 | 01/09/2025 |
Company details: AB Volvo

Group companies: AB Volvo
| Name | Category and Sector |
|---|---|
VFS Equipment Receivables Finance LLC | |
Volvo Group India Pvt Ltd.
Volvo Group India Pvt Ltd. Motor VehiclesConsumer Durables Designs, manufactures, and markets automobiles and industrial trucks |
Motor Vehicles
|
Volvo Group India Pvt Ltd.
Volvo Group India Pvt Ltd. Motor VehiclesConsumer Durables Designs, manufactures, and markets automobiles and industrial trucks |
Motor Vehicles
|
Volvo Danmark A/S
Volvo Danmark A/S Wholesale DistributorsDistribution Services Wholesales trucks |
Wholesale Distributors
|
Volvo Danmark A/S
Volvo Danmark A/S Wholesale DistributorsDistribution Services Wholesales trucks |
Wholesale Distributors
|
Heavy Trucks
| Change | 5d. change | 1-year change | 3-years change | Capi.($) | ||
|---|---|---|---|---|---|---|
| -1.88% | -6.42% | -1.41% | +50.32% | 7.27TCr | ||
| +1.26% | -6.37% | +72.83% | +196.92% | 1.36TCr | ||
| -0.33% | -5.54% | -10.55% | -10.82% | 358.93Cr | ||
| +5.03% | +0.05% | +6.44% | +21.16% | 350.37Cr | ||
| +10.01% | +1.35% | +5.83% | +16.99% | 290.85Cr | ||
| +1.08% | -6.48% | +7.82% | -11.34% | 254.9Cr | ||
| +1.85% | -6.49% | -8.03% | - | 211.24Cr | ||
| +4.92% | -5.17% | +46.56% | +48.23% | 171.35Cr | ||
| +0.36% | -5.98% | -7.72% | -35.90% | 127.85Cr | ||
| 0.00% | -0.07% | -22.50% | +79.74% | 103.54Cr | ||
| Average | +2.23% | -2.78% | +8.93% | +39.48% | 1.05TCr | |
| Weighted average by Cap. | -0.56% | -5.61% | +8.95% | +63.29% |
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