AB Volvo (Volvo) provides 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, Mack Trucks, and UD 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


Telephone 46 31 660000

No of Employees 86,750

Industry Automotive

Ticker Symbol & Exchange VOLV B (STO)

Revenue (2023) $43.4B 10% (2023 vs 2022)

EPS XXX

Net Income (2023) XXX 69.7% (2023 vs 2022)

Market Cap* $40.1B

Net Profit Margin (2022) XXX 54.3% (2023 vs 2022)

* As of and is in US$

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Install Base

Install Base provides a holistic and a granular view of the IT product/service deployments from leading vendors. Explore IT infrastructure categories, solution and product/service areas deployed by a prospect.

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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).

3

IT Software Contracts

Improve competitive bidding with insight into all publicly disclosed IT software contracts by IT solutions areas for AB Volvo (including Enterprise applications, IT Security, Information Management, Cloud Computing, IoT 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.

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Products and Services

Products Services Brands
Trucks Customer financing Volvo
Buses Insurance services Renault Trucks
Components for aircraft and rocket engines Treasury operations UD
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History

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

Year Event Description
2023 Financing Agreements In January, the company invested US$6.3 million in the Arvika factory in Sweden.
2023 New Products/Services In January, Volvo Construction Equipment unveiled its latest addition to its growing portfolio of electric machines and its first for the road segment with the DD25 Electric asphalt compactor.
2023 Product Recall In January, the company recalled more than 27,000 vehicles because of lose the antilock brake systems, electronic stability control systems, traction control systems and other functions.
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Competitor Comparison

Key Parameters AB Volvo Volkswagen AG Mercedes-Benz Group AG Deere & Co Caterpillar Inc
Headquarters Sweden Germany Germany United States of America United States of America
City Goeteborg Wolfsburg Stuttgart Moline Peoria
State/Province - - Baden-Wurttemberg Illinois Illinois
No. of Employees 86,750 674,907 173,000 75,550 107,700
Entity Type Public Public Public Public Public
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Executives
Name Position Board Since Age
Carl-Henric Svanberg Chairman Executive Board 2012 70
Martin Lundstedt Director; Chief Executive Officer; President Executive Board 2016 -
Tina Hultkvist Chief Financial Officer; Executive Vice President Senior Management 2022 48
Scott Rafkin Chief Digital Officer; Executive Vice President Senior Management 2020 53
Andrea Fuder Chief Purchasing Officer; Executive Vice President - Trucks Purchasing Senior Management - 55
Non Dignissim Eros Proin vel Convallis 2023 XX
Non Dignissim Eros Proin vel Convallis 2023 XX
Non Dignissim Eros Proin vel Convallis 2023 XX
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