Business Segments AB Volvo

Equities

VOLV B

SE0000115446

Heavy Machinery & Vehicles

Market Closed - Nasdaq Stockholm Other stock markets 10:30:00 16/02/2026 pm IST			5-day change	1st Jan Change
343.20 ^SEK	-0.15%		+0.09%	+15.99%

16/02	Carnegie All Cap Down 0.21 Percent in January – Epiroc and Alfa Laval Contribute Positively	FW
16/02	VOLVO B : UBS reaffirms its Buy rating	ZD

Sales 2024 by Business Segment

Sales 2024 by Geography

Historical Breakdown of Revenue by Business Segments

Net Income: Breakdown by Business Segment

Breakdown by Business Segment (SEK)

Fiscal Period: December	2020	2021	2022	2023	2024
Heavy Duty Trucks
Industrial Operations - Trucks	21TCr	23TCr	31TCr	37TCr	36TCr
CAPEX	-784.8Cr	-1.07TCr	-1.43TCr	-	-
Operating Income	1.73TCr	2.56TCr	3.38TCr	5.54TCr	4.58TCr
Total Assets	38TCr	37TCr	43TCr	44TCr	45TCr
Interest Expense	-142.2Cr	-117.2Cr	-151.2Cr	-168.5Cr	-159.2Cr
Income Tax Expense	543.9Cr	914Cr	1.12TCr	1.58TCr	1.55TCr
CAPEX	-	-	-	-1.31TCr	-1.39TCr
EBT	2.44TCr	3.99TCr	4.42TCr	6.3TCr	6.32TCr
Gross Profit	7.35TCr	8.4TCr	11TCr	14TCr	14TCr
D&A	1.06TCr	999.5Cr	1.15TCr	868.1Cr	916.1Cr
Net Income	1.89TCr	3.08TCr	3.3TCr	4.72TCr	4.76TCr
Construction Machinery and Equipment
Industrial Operations - Construction Equipment	8.15TCr	9.2TCr	10TCr	10TCr	8.83TCr
CAPEX	-110.4Cr	-133.8Cr	-160.3Cr	-	-
Operating Income	1.01TCr	1.22TCr	1.32TCr	1.7TCr	1.27TCr
Personal Credit Agencies
Financial Services	1.4TCr	1.34TCr	1.74TCr	2.4TCr	2.7TCr
Total Assets	16TCr	18TCr	23TCr	27TCr	30TCr
Income Tax Expense	40Cr	81Cr	90Cr	102.4Cr	109.2Cr
CAPEX	-863.2Cr	-930.2Cr	-922.9Cr	-1.04TCr	-30L
EBT	156.4Cr	328.9Cr	85Cr	372Cr	404.2Cr
Gross Profit	558.6Cr	573.8Cr	671.4Cr	762.7Cr	837.5Cr
D&A	10Cr	6.2Cr	7.8Cr	2.2Cr	2.6Cr
Operating Income	160.6Cr	327.9Cr	341.6Cr	385.5Cr	404.2Cr
Net Income	116Cr	248.2Cr	-5.3Cr	269.5Cr	294.9Cr
Buses
Industrial Operations - Buses	1.98TCr	1.37TCr	1.86TCr	2.24TCr	2.45TCr
CAPEX	-43Cr	-35Cr	-49Cr	-	-
Operating Income	-44Cr	5.9Cr	35Cr	105.9Cr	223.3Cr
Industrial Operations - Group Functions and Other	787Cr	1.35TCr	1.64TCr	1.68TCr	1.65TCr
Operating Income	-138.2Cr	-226.5Cr	-291.1Cr	-295Cr	-294.3Cr
Sporting and Recreational Goods
Industrial Operations - Volvo Penta	1.19TCr	1.44TCr	1.81TCr	2.1TCr	1.99TCr
CAPEX	-58Cr	-75Cr	-90Cr	-	-
Operating Income	144.8Cr	209.2Cr	253Cr	323Cr	341.9Cr
Industrial Operations - Group Functions & Other Incl. Eliminations	-	-	-	-	-
CAPEX	-33Cr	-59Cr	-82Cr	-	-
Operating Income	-	-	-	-	-
Corporate	-	-	-	-	-
Total Assets	-	-	-	-	-
Net Income	-	-	-	-	-
Eliminations	-279.6Cr	-339.8Cr	-415.5Cr	-499.8Cr	-488.3Cr
Total Assets	-2.95TCr	-3.64TCr	-3.77TCr	-3.6TCr	-3.5TCr
Interest Expense	7.3Cr	40L	31Cr	52Cr	-
Income Tax Expense	-	-	-	-	-
CAPEX	-	2.1Cr	1.9Cr	6.1Cr	-
EBT	20L	20L	20L	20L	-
Gross Profit	20L	20L	20L	-	37Cr
Operating Income	1.2Cr	5.3Cr	1.2Cr	5.5Cr	3.2Cr
Net Income	20L	10L	10L	20L	-
Reclassifications and Eliminations	-198.7Cr	-228.3Cr	-357.9Cr	-451.8Cr	-514Cr
Operating Income	20L	20L	20L	20L	37Cr
Net Income	-76Cr	-46Cr	-25Cr	-	-

Geographical Revenue Distribution History

Geographical breakdown of sales (SEK)

Fiscal Period: December	2020	2021	2022	2023	2024
USA	6.59TCr	8.13TCr	12TCr	14TCr	13TCr
Total Assets	1.63TCr	2.05TCr	2.54TCr	2.55TCr	3.16TCr
Other Europe	8.22TCr	9.96TCr	12TCr	15TCr	13TCr
Total Assets	2.68TCr	2.78TCr	3.47TCr	3.54TCr	3.81TCr
Asia (Excl. China)	-	-	4.2TCr	5.16TCr	4.33TCr
Total Assets	-	-	334.8Cr	348.7Cr	374.2Cr
Brazil	1.39TCr	2.18TCr	3.72TCr	3.6TCr	4.33TCr
Total Assets	146.4Cr	158.2Cr	222.6Cr	346.4Cr	357.1Cr
France	2.83TCr	3.08TCr	3.63TCr	4.61TCr	4.15TCr
Total Assets	1.09TCr	1.23TCr	1.44TCr	1.43TCr	1.54TCr
Africa and Oceania	-	-	2.9TCr	3.61TCr	3.28TCr
Total Assets	-	-	325.6Cr	305.4Cr	325Cr
UK	1.39TCr	1.75TCr	2.36TCr	2.81TCr	2.92TCr
Total Assets	769.2Cr	839.8Cr	728.1Cr	648.5Cr	640.1Cr
North America (Excl. USA)	1.55TCr	1.74TCr	2.17TCr	2.7TCr	2.83TCr
Total Assets	163Cr	193.7Cr	210.1Cr	192.9Cr	206.9Cr
China	3.63TCr	2.97TCr	2.24TCr	1.45TCr	1.54TCr
Total Assets	211.8Cr	231.1Cr	238.1Cr	198.7Cr	195.8Cr
South America (Excl. Brazil)	756.5Cr	863Cr	1.45TCr	1.32TCr	1.32TCr
Total Assets	48Cr	48Cr	55Cr	53Cr	56Cr
Sweden	1.03TCr	1.02TCr	1.28TCr	1.39TCr	1.17TCr
Total Assets	2.61TCr	2.64TCr	2.69TCr	3.19TCr	3.77TCr
Japan	1.96TCr	593.3Cr	-	-	-
Total Assets	24Cr	-	-	-	-
Asia (Excl. China & Japan)	2.52TCr	2.75TCr	-	-	-
Total Assets	309.7Cr	308.3Cr	-	-	-
Other Markets	1.98TCr	2.18TCr	-	-	-
Total Assets	255.3Cr	266.2Cr	-	-	-