Long-term economic development is both a result of and a prerequisite for our enterprise to achieve its environmental and social goals.
Our overall business strategy is based on our customers' requirements. By creating customer value, we also create long-term value for our shareholders and for the societies in which the Group is active.
The strategy is focused on three areas:
1. Profitable growth
Our aim is to continue to grow while focusing on profitability. Growth is to occur both organically and through acquisitions. The aim is to grow by 10% a year over a complete business cycle. During 2008, net sales increased by 6 %. During 2004- 2008 the avarage growth was 10.6 %.
Profitable growth is a necessary condition of the Volvo Group's continuing to strengthen its competitiveness and develop as a cooperation partner to customers with high demands.
In recent years, the Volvo Group has advanced its position in Asia - a prioritized region with a high rate of growth. This is in line with the strategy of establishing a strong third market in addition to Europe and North America.