Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
25.12 USD | -0.87% |
|
-1.41% | -3.18% |
06-27 | Volvo Group Names Radhika Nair as Head of People Culture for India, Effective July 1, 2024 | CI |
06-27 | Zeekr's sales jump as Chinese dominate Russian EV market | 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 | 21/10/15 |
Mats Backman
DFI | Director of Finance/CFO | 56 | 30/09/23 |
Compliance Officer | 50 | 31/12/06 | |
Lars Stenqvist
CTO | Chief Tech/Sci/R&D Officer | 57 | 30/09/16 |
58 | - | ||
Lars Ask
BRD | Director/Board Member | 65 | 31/12/81 |
Johan Bartler
IRO | Public Communications Contact | - | 31/05/15 |
Bruno Blin
PRN | Corporate Officer/Principal | 61 | 31/12/98 |
Jens Holtinger
PRN | Corporate Officer/Principal | 54 | 31/12/94 |
Phil Wilkes
PRN | Corporate Officer/Principal | - | - |
Members of the board
Members of the board | Title | Age | Since |
---|---|---|---|
Jan Carlson
BRD | Director/Board Member | 64 | 05/04/22 |
Director/Board Member | 72 | 01/04/14 | |
Kurt Jofs
BRD | Director/Board Member | 66 | 17/06/20 |
Martha Brooks
BRD | Director/Board Member | 65 | 30/03/21 |
Director/Board Member | 67 | 01/04/14 | |
Director/Board Member | 54 | 05/04/16 | |
Martin Lundstedt
CEO | Chief Executive Officer | 57 | 21/10/15 |
Director/Board Member | 59 | 31/03/23 | |
Martina Merz
BRD | Director/Board Member | 61 | 31/03/15 |
Eric A. Elzvik
BRD | Director/Board Member | 63 | 04/04/18 |
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
![address AB Volvo(VLVLY)](https://cdn.zonebourse.com/static/address/120796069.png)
Group companies
Name | Category and Sector |
---|---|
VFS Equipment Receivables Finance LLC
| |
Volvo Treasury Mexico S de RL de CV
| |
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 Canada Inc.
![]() Volvo Treasury Canada Inc. Wholesale DistributorsDistribution Services Part of Volvo AB, Volvo Treasury Canada Inc. is a Canadian company that wholesales automobiles. The company is located in Canada. |
Wholesale Distributors
|
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. The company was founded in 1920 by Jan-Erik Eskilsby. The CEO is Roger Alm. |
Motor Vehicles
|
Volvo Group Insurance Försäkrings AB
| |
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
|
Sector
Sales per Business
Sales per region
![Consensus](/images/consensus_flch.gif)
EPS Revisions
1st Jan change | Capi. | |
---|---|---|
+32.51% | 6.89B | |
-5.42% | 3.4B | |
+15.38% | 2.37B | |
+6.66% | 2.29B | |
-7.25% | 2.24B | |
+15.85% | 1.03B | |
-16.24% | 966M | |
-.--% | 717M | |
+27.84% | 599M |
- Stock Market
- Equities
- VOLV B Stock
- VLVLY Stock
- Company AB Volvo