AB Volvo (publ)
Other OTCCapital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- CEO
- Martin Lundstedt
- Full Time Employees
- 91,154
- Sector
- Industrials
- Industry
- Agricultural - Machinery
- Address
- GropegArdsgatan 2 Gothenburg VG Sweden 417 15
- IPO Date
- Feb 28, 2018
- Website
- volvogroup.com
- Similar Companies
- Business
- AB Volvo (publ) manufactures and markets trucks, buses, construction equipment, marine and industrial engines, and related financial services worldwide. Founded in 1927 and headquartered in Gothenburg, Sweden, the company operates through key segments including Trucks, with brands such as Volvo Trucks, Mack Trucks, and Renault Trucks offering medium- to heavy-duty models for long-haul, regional, and construction transport; Construction Equipment, providing excavators like the EC500, EC400, EC230, EC210, and ECR145 series, articulated haulers such as the A40, and rigid haulers R60 and R70; Buses, delivering urban, intercity, and coach solutions; Volvo Penta, supplying power systems for marine and industrial applications; and Financial Services, encompassing financing, leasing, insurance, rental, spare parts, repairs, preventive maintenance, service agreements, roadside assistance, fuel management, and driver training. The company serves diverse sectors including transportation, construction, mining, marine, and industrial markets across North America, South America, Europe, Asia, Africa, and Oceania, with production facilities in multiple countries and a workforce exceeding 100,000 employees. Recent developments include Volvo Construction Equipment's agreement to acquire select Swecon business operations in Sweden, Germany, and the Baltics for SEK 7 billion and to divest its 70% stake in China-based SDLG for SEK 8 billion, both expected to close in the second half of 2025; the launch of new-generation excavators with advanced electro-hydraulic systems and improved human-machine interfaces for enhanced fuel efficiency and productivity; expansion of electric offerings, including the first electric wheeled excavator and additional battery-electric truck models; introduction of the PU2000 energy optimization solution; and a joint venture with Daimler Truck for software-defined heavy-duty vehicle platforms.
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