This is who we are
About Volvo Group
Volvo Group drives prosperity through transport and infrastructure solutions, offering trucks, buses, construction equipment, power solutions for marine and industrial applications, financing and services that increase our customers’ uptime and productivity. We are committed to shaping the future landscape of sustainable transport and infrastructure solutions. Our headquarter is located in Gothenburg, Sweden, and our shares are listed on Nasdaq in Stockholm, Sweden.
Quick facts about us
Number of Volvo Group employees.
Countries we have production in.
Markets we sell our products in.
SEK 432 billion
Net sales in 2019.
Year Volvo Group was founded.
Competitive products and world-class services
The Volvo Group’s products have been developed to contribute to efficient transport and infrastructure solutions and to provide our customers with uptime. We drive the development of electrified vehicles and machines as well as automated solutions for the benefit of customers, society and the environment. Sales of new vehicles, machines and engines as well as used vehicles and machines, superstructures and special vehicles accounted for 77% of the Group’s net sales in 2019. Sales of vehicles and machines build a population of products that drives spare parts sales and service revenue.
In addition to vehicles and machines, the offering includes various types of services such as insurance, rental services, spare parts, repairs, preventive maintenance, service agreements and assistance services. The range and flexibility of the offering means that the solutions can be tailor made for each customer to maximize uptime and productivity.
The service business contributes to balancing the fluctuations in the sales of new products and is an area of priority. Sales of services accounted for 20% of net sales in 2019. The Group also offers financing for customers and dealers. Financial Services provided financing for 25% of the products sold by the Group in 2019, measured in the markets where financing is offered.