AB Volvo - Company Profile

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AB Volvo: Overview

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AB Volvo (Volvo) is a provider of commercial transport solutions. The company's offerings include trucks, buses, construction equipment, and power solutions for marine and industrial applications. It manufactures a range of light, medium, and heavy trucks for regional transport, local, long-haul, and construction operations. Volvo's products are sold under various brands such as Volvo, Volvo Penta, Rokbak, Renault Trucks, Prevost, Nova Bus and Mack. The company caters to a range of customers across the transportation, construction, mobility, and mining industries. Volvo operates production facilities in several countries, including Sweden, France, Japan, the US, Brazil, China, and South Korea. Volvo is headquartered in Gothenburg, Sweden.

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Headquarters Sweden
Address Gropegardsgatan 2, Gothenburg, Vastra Gotaland, 41715
Website www.volvogroup.com
Telephone 46 31 660000
No of Employees 101,202
Industry Automotive
Ticker Symbol & Exchange VOLV B (STO)
Revenue (2024) $48.8B -9% (2024 vs 2023)
EPS XYZ
Net Income (2024) XYZ -31.6% (2024 vs 2023)
Market Cap* $70.7B
Net Profit Margin (2024) XYZ -24.9% (2024 vs 2023)
* As of and is in US$
View AB Volvo financials
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AB Volvo premium industry data and analytics

9

IT Services Contracts

Improve competitive bidding with insights into all publicly disclosed IT services contracts for AB Volvo (including IT outsourcing, business process outsourcing, systems integration & consulting and more).

1

ICT Spend & Tech Priorities

IT Client Prospector provides intelligence on AB Volvo’s likely spend across technology areas enabling you to understand the digital strategy.

Products and Services

Products Services Brands
Buses Financing Volvo
Trucks Repairs Volvo Penta
Construction Equipment Preventive Maintenance Rokbak
XYZ XYZ XYZ
XYZ XYZ XYZ
XYZ XYZ XYZ
Understand AB Volvo portfolio and identify potential areas for collaboration Understand AB Volvo portfolio and identify potential areas for collaboration Learn more

History

History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.

Year Event Description
2026 Acquisitions/Mergers/Takeovers In June, the company sold its stake of 45% held in Flexis S.A.S.to Renault Group.
2026 Plans/Strategy In May, Volvo Financial Services and Eicher Motors Limited announced its plans to form a 50-50 joint venture to provide financing, leasing and other financial services for customers of Volvo and Eicher-branded commercial vehicles in India.
2026 Others In May, Volvo Autonomous Solutions and DSV commenced autonomous freight operations in Texas, the US.
Dive into past operations, including product releases, deals, acquisitions & more Dive into past operations, including product releases, deals, acquisitions & more Learn more
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Competitor Comparison

Key Parameters AB Volvo Caterpillar Inc Daimler Truck Holding AG Deere & Co Tata Motors Passenger Vehicles Ltd
Headquarters Sweden United States of America Germany United States of America India
City Gothenburg Irving Leinfelden-Echterdingen Moline Mumbai
State/Province Vastra Gotaland Texas Baden-Wurttemberg Illinois Maharashtra
No. of Employees 101,202 118,000 108,476 73,100 86,259
Entity Type Public Public Public Public Public
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Executives
Name Position Board Since Age
Par Boman Chairman Executive Board 2024 65
Martin Lundstedt Chief Executive Officer; Director; President Executive Board 2016 59
Mats Backman Executive Vice President - Group Finance; Chief Financial Officer Senior Management 2023 58
Jens Holtinger Chief Technology Officer; Executive Vice President - Trucks Technology and Industrial Division Senior Management 2020 56
Scott Rafkin Executive Vice President; Chief Digital Officer Senior Management 2020 57
Non Dignissim Eros Proin vel Convallis 2026 XY
Non Dignissim Eros Proin vel Convallis 2026 XY
Non Dignissim Eros Proin vel Convallis 2026 XY
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