AB Volvo (publ), together with its subsidiaries, manufactures and sells trucks, buses, construction equipment, and marine and industrial engines in Europe, North America, South America, Asia, Africa, and Oceania. The company offers trucks for long-haulage, construction, mining, and distribution purposes under the Volvo, UD Trucks, Renault Trucks, Mack, Eicher, Arquus, cellcentric, and Dongfeng Trucks brands; and city and intercity buses, coaches, and bus chassis, as well as associated transport systems under the Prevost and Nova Bus brands. It also provides construction equipment, including excavators, articulated and rigid haulers, wheel loaders, road construction machines, pavers, and compactors under the brand names of Volvo, and SDLG Trucks. In addition, the company offers engines and power solutions for leisure and commercial vessels, as well as for power generation, industrial, and off-road applications under the Volvo Penta brand name. Further, it provides financing, insurance, rental, spare parts, repair, preventive maintenance, service agreement, and assistance services. The company offers its products and services through a network of dealerships and workshops. It has a strategic alliance with Isuzu Motors within commercial vehicles; a partnership with Samsung SDI Co to develop battery packs for its trucks; and an agreement with NVIDIA and Aurora to develop autonomous trucks. AB Volvo (publ) was incorporated in 1915 and is headquartered in Gothenburg, Sweden.

AB Volvo (publ)

Eicher

Volvo Energy

Prevost

Renault Trucks Commercial Europe

Volvo Autonomous Solutions

Nova Bus

Volvo Buses

Mack Trucks

Arquus

Volvo Trucks

Renault Trucks

Volvo Construction Equipment

Volvo Trucks India

Volvo Penta

Eicher Trucks and Buses

Volvo Financial Services

Eicher Tractors

The Volvo Group is one of the world’s leading manufacturers of trucks, buses, construction equipment and marine and industrial engines. The Group also provides complete solutions for financing and service. The Volvo Group, with its headquarters in Gothenburg, employs about 100,000 people, has production facilities in 18 countries and sells its products in more than 190 markets.

NYSERDA

Volvo Group

Joining Volvo Group means becoming part of a global and pioneering industry leader, where you can make a real difference. When working with transportation and infrastructure, you will be part of an organization that has the power to shape the world we want to live in. Our responsibility is to provide safe, efficient, and sustainable transport and infrastructure solutions.  
  
Are you or someone you know interested in a career at Volvo Group? Check out our job openings. Join us! https://lnkd.in/ezgbw-gf 

Meet Aime Vesmes, Product Finance Engineer at Volvo Group and one of the participants in our Engineering Graduate Program. As part of the program, she is currently on a short-term assignment in Greensboro, North Carolina. 
 
“The best thing about being here is seeing the cultural differences between the two offices. And since I am still quite new, I can bridge the different ways of working, taking the best practices from Gothenburg and Greensboro and combining them. It is really rewarding.” 
 
In addition to having a senior colleague as a mentor, Aime also benefits from the community with the other Engineering Graduate Program members. 
 
“Having a strong support network has been essential. The graduate program connects us with others in similar situations around the world, and it provides a space to ask those 'silly' questions. I also have an amazing mentor, a senior female engineer, who I've known since my internship. She understands the challenges, offers valuable support, and helps me see things from different perspectives.” 
 
At Volvo Group, we create an environment where you can bring your true unique self to work and where diversity and gender equity play an important part. 

“I've learned to speak up and take my space, and I'm encouraged by the increasing number of women in the field. And I do feel listened to. The best senior engineers I have met are the ones who say, ‘yeah, I'm a senior engineer, but I have still a lot to learn’. We all have a lifelong learning.”  

#wearevolvogroup 

“I've always wanted to work on the so-called good side – to use my skills and experience to make a difference, solve problems and help others. I’ve also always been interested in tech, so cybersecurity was the natural choice for me.  
 
My journey started in the financial sector, and I have been with Volvo now for over six months. My team’s responsibility is to ensure that different stakeholders across the group are compliant but also having effective security controls in place to safeguard sensitive data. 
 
Being a woman in the tech field means that I have witnessed a couple of “boys clubs” where I haven’t felt included. But I have always decided to do my own thing.  
 
Diversity is essential – our field of work is not different. Many research throughout the years shows that teams with a high level of diversity, meaning e.g., people with different backgrounds, gender and life experiences, simply generate better ideas and solutions. Having role models has an impact on how the future generation of women perceive the cybersecurity field. If they cannot relate, they don’t see it as something they’d like to pursue. 
 
That’s why I'm committed to creating a supportive community where everyone feels like they can thrive. I’m of the founders of the Women in Cybersecurity initiative here at Volvo Group, a global initiative and a community focusing specifically on cybersecurity. Our journey begins from Sweden on International Women’s Day on 8 March, with an aim to grow a global community of women! We welcome all, but the activities are mainly targeted at women. 
 
Cybersecurity is a dynamic, exciting field! If you're curious, don't let anything hold you back. Network, find a supportive community, focus on your strengths, and never stop learning.” 

✖️Noora Hammar - Head of Security Assurance, Volvo Group Digital & IT 

Today, we’re celebrating #WorldEngineeringDay, and we want to acknowledge the contributions of all our engineers at Volvo Group. We talked to six colleagues about making an impact, underrated skills, career advice – and what engineers can do at Volvo Group.

	Dec '13	Dec '14	Dec '15	Dec '16	Dec '17	Dec '18	Dec '19	Dec '20	Dec '21	Dec '22	Dec '23
revenue	272.62B -	282.95B 3.79%	312.51B 10.45%	301.91B 3.39%	334.75B 10.88%	390.83B 16.75%	431.98B 10.53%	338.45B 21.65%	372.22B 9.98%	473.48B 27.21%	552.76B 16.75%
cost of revenue	212.50B -	220.01B 3.53%	240.65B 9.38%	231.60B 3.76%	254.58B 9.92%	303.48B 19.21%	326.89B 7.72%	259.32B 20.67%	282.46B 8.92%	361.74B 28.07%	403.44B 11.53%
gross profit	60.12B -	62.94B 4.69%	71.86B 14.18%	70.31B 2.16%	80.17B 14.02%	87.36B 8.97%	105.08B 20.30%	79.13B 24.70%	89.75B 13.43%	111.74B 24.50%	149.32B 33.63%
selling and marketing expenses	28.51B -	27.45B 3.71%	27.69B 0.90%	26.87B 2.99%	28.58B 6.38%	30.89B 8.08%	33.04B 6.95%	26.51B 19.76%	23.96B 9.62%	29.04B 21.22%	33.67B 15.94%
general and administrative expenses	5.86B -	5.41B 7.74%	5.77B 6.68%	5.12B 11.23%	5.64B 10.17%	5.80B 2.76%	5.90B 1.78%	4.62B 21.69%	4.87B 5.39%	5.88B 20.74%	7.36B 25.10%
selling general and administrative expenses	34.37B -	32.86B 4.40%	33.46B 1.85%	31.99B 4.41%	34.22B 6.99%	36.69B 7.20%	38.94B 6.13%	31.13B 20.05%	28.83B 7.39%	34.92B 21.14%	42.50B 21.68%
research and development expenses	15.12B -	16.66B 10.13%	15.37B 7.73%	14.63B 4.80%	16.10B 10.03%	15.90B 1.24%	18.54B 16.60%	16.80B 9.39%	18.03B 7.32%	22.53B 24.96%	26.64B 18.29%
other expenses	1.42B -	1.73B 22.10%	2.65B 52.98%	699M 73.57%	1.12B 60.23%	1.56B 39.55%	978M 37.43%	2.07B 111.25%	779M 62.29%	4.64B 495.76%
cost and expenses	263.41B -	271.25B 2.98%	292.13B 7.70%	278.92B 4.52%	306.02B 9.72%	357.63B 16.86%	385.35B 7.75%	309.31B 19.73%	330.10B 6.72%	423.83B 28.40%	472.58B 11.50%
operating expenses	50.91B -	51.24B 0.65%	51.48B 0.46%	47.32B 8.08%	51.44B 8.72%	54.15B 5.26%	58.45B 7.95%	49.99B 14.47%	47.63B 4.72%	62.09B 30.35%	69.14B 11.36%
interest expense	2.81B -	1.99B 29.04%	2.37B 18.66%	1.85B 21.94%	1.85B 0.27%	1.66B 10.48%	1.67B 0.97%	1.35B 19.41%	1.17B 13.49%	1.21B 3.26%	1.17B 3.15%
ebitda	24.77B -	27.89B 12.61%	41.58B 49.06%	39.88B 4.09%	46.87B 17.53%	53.52B 14.20%	69.23B 29.34%	51.66B 25.38%	61.10B 18.27%	69.72B 14.12%	98.53B 41.32%
operating income	7.14B -	5.82B 18.41%	23.32B 300.38%	20.83B 10.69%	30.33B 45.62%	34.48B 13.69%	49.53B 43.66%	27.48B 44.51%	43.07B 56.72%	45.71B 6.12%	80.18B 75.40%
depreciation and amortization	15.31B -	15.93B 4.05%	16.81B 5.51%	16.76B 0.26%	16.87B 0.63%	18.44B 9.31%	19.70B 6.82%	24.18B 22.74%	18.02B 25.45%	24.01B 33.24%	18.35B 23.57%
total other income expenses net	-4.49B -	-6.61B 47.16%	32M 100.48%	-3.76B 11,862.50%	-471M 87.49%	-1.06B 124.63%	-2.70B 155.10%	-1.57B 41.94%	116M 107.40%	-635M 647.41%	-10.88B 1,614.17%
income before tax	4.72B -	5.09B 7.79%	20.42B 301.22%	19.23B 5.82%	28.25B 46.93%	32.15B 13.78%	46.83B 45.68%	25.92B 44.66%	43.19B 66.65%	45.08B 4.37%	69.29B 53.72%
income tax expense	919M -	2.85B 210.55%	5.32B 86.41%	6.01B 12.93%	6.97B 16.03%	6.79B 2.67%	10.34B 52.35%	5.84B 43.47%	9.95B 70.24%	12.11B 21.73%	16.79B 38.70%
net income	3.58B -	2.10B 41.42%	15.06B 617.39%	13.15B 12.69%	20.98B 59.59%	24.90B 18.66%	35.86B 44.04%	19.32B 46.13%	32.79B 69.72%	32.72B 0.20%	49.83B 52.27%
weighted average shs out	2.03B -	2.03B 0%	2.03B 0.10%	2.03B 0.05%	2.03B 0.05%	2.03B 0%	2.03B 0.07%	2.03B 0.00%	2.03B 0%	2.03B 0%	2.03B 0.02%
weighted average shs out dil	2.03B -	2.03B 0.05%	2.03B 0.05%	2.03B 0.05%	2.03B 0%	2.03B 0%	2.03B 0.02%	2.03B 0.00%	2.03B 0%	2.03B 0%	2.03B 0.02%
eps	1.77 -	1.03 41.81%	7.42 620.39%	6.47 12.80%	10.08 55.80%	12.25 21.53%	17.64 44.00%	9.50 46.15%	16.12 69.68%	16.09 0.19%	24.51 52.33%
epsdiluted	1.76 -	1.03 41.48%	7.41 619.42%	6.47 12.69%	10.07 55.64%	12.25 21.65%	17.64 44.00%	9.50 46.15%	16.12 69.68%	16.09 0.19%	24.51 52.33%

VOLV

COM:VOLVOGROUP

Volvo Group

Last Close

275.80

26/07 15:29

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536.64B

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