AB Volvo - Company Profile
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AB Volvo (Volvo) is a provider of commercial transport solutions. The company also manufactures and sells equipment for the construction market and drive systems for marine and industrial applications. The company also provides industrial information technology (IT) solutions, logistics solutions and support services such as roadside assistance, fuel management, and driver training. The company manufactures a wide range of medium-heavy to heavy trucks for regional transport, long-haul and construction operations under the Volvo, Renault Trucks and Mack Trucks brands. Volvo operates production facilities in several countries and markets its products worldwide, including Sweden, France, Japan, the US, China, Brazil, and South Korea. Volvo is headquartered in Gothenburg, Sweden.
Headquarters
Sweden
Address
Gropegardsgatan 2, Goeteborg, 41715
Website
www.volvogroup.com
Telephone
46 31 660000
No of Employees
90,735
Industry
Automotive
Ticker Symbol & Exchange
VOLV B (STO)
Revenue (2022)
$52.1B
16.7%
(2022 vs 2021)
EPS
XYZ
Net Income (2022)
XYZ
52.3%
(2022 vs 2021)
Market Cap*
$53.5B
Net Profit Margin (2022)
XYZ
30.4%
(2022 vs 2021)
* As of and is in US$
AB Volvo premium industry data and analytics
Products and Services
| Products | Services | Brands |
|---|---|---|
| Trucks | Customer financing | Volvo |
| Buses | Insurance services | Renault Trucks |
| Components for aircraft and rocket engines | Treasury operations | Volvo Penta |
| XYZ | XYZ | XYZ |
| XYZ | XYZ | XYZ |
| XYZ | XYZ | XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2024 | Plans/Strategy | In April, the company announced its plans to build a new heavy-duty truck manufacturing plant in Mexico. |
| 2024 | New Products/Services | In March, Volvo Trucks launched the latest version of the FH16 in Australia. |
| 2024 | New Products/Services | In February, the company introduced a truck model developed with electric drive. |
Competitor Comparison
| Key Parameters | AB Volvo | Volkswagen AG | Mercedes-Benz Group AG | Caterpillar Inc | Deere & Co |
|---|---|---|---|---|---|
| Headquarters | Sweden | Germany | Germany | United States of America | United States of America |
| City | Goeteborg | Wolfsburg | Stuttgart | Irving | Moline |
| State/Province | - | Niedersachsen | Baden-Wurttemberg | Texas | Illinois |
| No. of Employees | 90,735 | 684,025 | 166,056 | 113,200 | 83,000 |
| Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Carl-Henric Svanberg | Chairman | Executive Board | 2012 | 71 |
| Martin Lundstedt | Chief Executive Officer; President; Director | Executive Board | 2016 | 56 |
| Scott Rafkin | Executive Vice President; Chief Digital Officer | Senior Management | 2020 | 54 |
| Andrea Fuder | Executive Vice President - Trucks Purchasing; Chief Purchasing Officer | Senior Management | - | 56 |
| Mats Backman | Chief Financial Officer; Director | Executive Board | 2023 | - |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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