Business Segments AB Volvo

Stocks

VOLV B

SE0000115446

Heavy Machinery & Vehicles

Real-time Estimate Cboe Europe Other stock markets 08:21:16 16/07/2026 pm IST			5-day change	1st Jan Change
340.95 ^SEK	+0.72%		+1.94%	+15.21%

07:20pm	Europe EV sales top 1 million in first half as demand accelerates	RE
06:33pm	Calendar Friday, July 17	FW

Sales 2025 by Business Segment

Sales 2025 by Geography

Historical Breakdown of Revenue by Business Segments

Net Income: Breakdown by Business Segment

Breakdown by Business Segment (SEK)

Fiscal Period: December	2021	2022	2023	2024	2025
Heavy Duty Trucks
Industrial Operations - Trucks	23TCr	31TCr	37TCr	36TCr	32TCr
CAPEX	-1.07TCr	-1.43TCr	-	-	-
Operating Income	2.56TCr	3.38TCr	5.54TCr	4.58TCr	3.17TCr
Total Assets	37TCr	43TCr	44TCr	45TCr	40TCr
Interest Expense	-117.2Cr	-151.2Cr	-168.5Cr	-159.2Cr	-181.9Cr
Income Tax Expense	914Cr	1.12TCr	1.58TCr	1.55TCr	1.17TCr
CAPEX	-	-	-1.31TCr	-1.39TCr	-1.83TCr
EBT	3.99TCr	4.42TCr	6.3TCr	6.32TCr	4.35TCr
Gross Profit	8.4TCr	11TCr	14TCr	14TCr	11TCr
D&A	999.5Cr	1.15TCr	868.1Cr	916.1Cr	1.04TCr
Net Income	3.08TCr	3.3TCr	4.72TCr	4.76TCr	3.19TCr
Construction Machinery and Equipment
Industrial Operations - Construction Equipment	9.2TCr	10TCr	10TCr	8.83TCr	8.16TCr
CAPEX	-133.8Cr	-160.3Cr	-	-	-
Operating Income	1.22TCr	1.32TCr	1.7TCr	1.27TCr	1.09TCr
Personal Credit Agencies
Financial Services	1.34TCr	1.74TCr	2.4TCr	2.7TCr	2.65TCr
Total Assets	18TCr	23TCr	27TCr	30TCr	27TCr
Income Tax Expense	81Cr	90Cr	102.4Cr	109.2Cr	101.6Cr
CAPEX	-930.2Cr	-922.9Cr	-1.04TCr	-30L	-30L
EBT	328.9Cr	85Cr	372Cr	404.2Cr	386.9Cr
Gross Profit	573.8Cr	671.4Cr	762.7Cr	837.5Cr	835.3Cr
D&A	6.2Cr	7.8Cr	2.2Cr	2.6Cr	3.2Cr
Operating Income	327.9Cr	341.6Cr	385.5Cr	404.2Cr	391.6Cr
Net Income	248.2Cr	-5.3Cr	269.5Cr	294.9Cr	285.3Cr
Buses
Industrial Operations - Buses	1.37TCr	1.86TCr	2.24TCr	2.45TCr	2.51TCr
CAPEX	-35Cr	-49Cr	-	-	-
Operating Income	5.9Cr	35Cr	105.9Cr	223.3Cr	227.2Cr
Industrial Operations - Group Functions and Other	1.35TCr	1.64TCr	1.68TCr	1.65TCr	-
Operating Income	-226.5Cr	-291.1Cr	-295Cr	-294.3Cr	-
Sporting and Recreational Goods
Industrial Operations - Volvo Penta	1.44TCr	1.81TCr	2.1TCr	1.99TCr	2.06TCr
CAPEX	-75Cr	-90Cr	-	-	-
Operating Income	209.2Cr	253Cr	323Cr	341.9Cr	359Cr
Industrial Operations - Group Functions & Other Incl. Eliminations	-	-	-	-	673.6Cr
CAPEX	-59Cr	-82Cr	-	-	-
Operating Income	-	-	-	-	-140.5Cr
Eliminations	-339.8Cr	-415.5Cr	-499.8Cr	-488.3Cr	-
Total Assets	-3.64TCr	-3.77TCr	-3.6TCr	-3.5TCr	-2.76TCr
Interest Expense	40L	31Cr	52Cr	-	-
Income Tax Expense	-	-	-	-	-
CAPEX	2.1Cr	1.9Cr	6.1Cr	-	-
EBT	20L	20L	20L	-	-
Gross Profit	20L	20L	-	37Cr	26Cr
Operating Income	5.3Cr	1.2Cr	5.5Cr	3.2Cr	-
Net Income	10L	10L	20L	-	-
Reclassifications and Eliminations	-228.3Cr	-357.9Cr	-451.8Cr	-514Cr	-479.5Cr
Operating Income	20L	20L	20L	37Cr	26Cr
Net Income	-46Cr	-25Cr	-	-	-25Cr

Geographical Revenue Distribution History

Geographical breakdown of sales (SEK)

Fiscal Period: December	2021	2022	2023	2024	2025
Other Europe	9.96TCr	12TCr	15TCr	13TCr	11TCr
Total Assets	2.78TCr	3.47TCr	3.54TCr	3.81TCr	2.98TCr
USA	8.13TCr	12TCr	14TCr	13TCr	11TCr
Total Assets	2.05TCr	2.54TCr	2.55TCr	3.16TCr	2.65TCr
Asia (Excl. China)	-	4.2TCr	5.16TCr	4.33TCr	4.41TCr
Total Assets	-	334.8Cr	348.7Cr	374.2Cr	326.4Cr
France	3.08TCr	3.63TCr	4.61TCr	4.15TCr	3.52TCr
Total Assets	1.23TCr	1.44TCr	1.43TCr	1.54TCr	1.52TCr
Brazil	2.18TCr	3.72TCr	3.6TCr	4.33TCr	3.1TCr
Total Assets	158.2Cr	222.6Cr	346.4Cr	357.1Cr	380.6Cr
UK	1.75TCr	2.36TCr	2.81TCr	2.92TCr	2.79TCr
Total Assets	839.8Cr	728.1Cr	648.5Cr	640.1Cr	614.7Cr
North America (Excl. USA)	1.74TCr	2.17TCr	2.7TCr	2.83TCr	2.63TCr
Total Assets	193.7Cr	210.1Cr	192.9Cr	206.9Cr	604.4Cr
Spain	-	-	-	-	1.67TCr
Total Assets	-	-	-	-	864.4Cr
Africa and Oceania (Excl. Australia)	-	-	-	-	1.55TCr
Total Assets	-	-	-	-	140.7Cr
South America (Excl. Brazil)	863Cr	1.45TCr	1.32TCr	1.32TCr	1.54TCr
Total Assets	48Cr	55Cr	53Cr	56Cr	52Cr
Australia	-	-	-	-	1.5TCr
Total Assets	-	-	-	-	177.7Cr
Sweden	1.02TCr	1.28TCr	1.39TCr	1.17TCr	1.17TCr
Total Assets	2.64TCr	2.69TCr	3.19TCr	3.77TCr	4.36TCr
China	2.97TCr	2.24TCr	1.45TCr	1.54TCr	1.11TCr
Total Assets	231.1Cr	238.1Cr	198.7Cr	195.8Cr	50Cr
Africa and Oceania	-	2.9TCr	3.61TCr	3.28TCr	-
Total Assets	-	325.6Cr	305.4Cr	325Cr	-
Japan	593.3Cr	-	-	-	-
Total Assets	-	-	-	-	-
Asia (Excl. China & Japan)	2.75TCr	-	-	-	-
Total Assets	308.3Cr	-	-	-	-
Other Markets	2.18TCr	-	-	-	-
Total Assets	266.2Cr	-	-	-	-