AB Volvo Company Profile – AB Volvo Overview

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.

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Gain a 360-degree view of AB Volvo and make more informed decisions for your business

Headquarters

Sweden

Address

Gropegardsgatan 2, Goeteborg, 41715

Website

www.volvogroup.com

Telephone

46 31 660000

No of Employees

102,000

Industry

Automotive

Ticker Symbol & Exchange

VOLV B (STO)

Revenue (2023)

$46.8B

27.2%

EPS

XYZ

Net Income (2023)

XYZ

-0.2%

Market Cap*

$41.9B

Net Profit Margin (2023)

XYZ

-21.6%

* As of and is in US$

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AB Volvo premium industry data and analytics

500

+

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.

9

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).

4

Detailed insights into open, awarded and pre-solicited tenders and contracts for AB Volvo.

3

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).

2

Tracks all upcoming smart grid projects across the globe. It provides detailed information about advanced grid & IT infrastructure, microgrid, automation and other smart infrastructure projects.

1

Access key information on power plants and upcoming projects for AB Volvo. View Information by various power generating sources, project demographics, commercial and technical information.

1

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

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

Understand AB Volvo portfolio and identify potential areas for collaboration

Understand AB Volvo portfolio and identify potential areas for collaboration

History

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

Year
Event
Description

2023
Acquisitions/Mergers/Takeovers
In April, Volvo Penta acquired a minority stake in Utility Innovation Group.

2023
Plans/Strategy
In March, the company announced its plans to close its body building factory in Wroclaw, Poland.

2023
Contracts/Agreements
In March, the company entered into an agreement with JP Morgan under which the company’s end-to-end payments solution will power Volvo ’s new online direct to consumer sales model for first electric car roll out in India.

Dive into past operations, including product releases, deals, acquisitions & more

Dive into past operations, including product releases, deals, acquisitions & more

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
–
–
Baden-Wurttemberg
Texas
Illinois

No. of Employees
102,000
675,805
168,797
109,100
82,200

Entity Type
Public
Public
Public
Public
Public

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Benchmark the company against the market with exclusive information on key competitors

Chart Financial activity with access to more key stats

Chart Financial activity with access to more key stats

Executives

Name
Position
Board
Since
Age

Carl-Henric Svanberg

Chairman

Executive Board
2012
71

Martin Lundstedt

Chief Executive Officer; Director; President

Executive Board
2016
56

Andrea Fuder

Executive Vice President – Trucks Purchasing; Chief Purchasing Officer

Senior Management
–
56

Scott Rafkin

Executive Vice President; Chief Digital Officer

Senior Management
2020
54

Jan Ytterberg

Chief Financial Officer – Acting

Senior Management
2022
62

Non Dignissim Eros
Proin vel
Convallis
2023
XY

Non Dignissim Eros
Proin vel
Convallis
2023
XY

Non Dignissim Eros
Proin vel
Convallis
2023
XY

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Gain insight into AB Volvo key executives to enhance your sales strategy