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Volvo GroupSwedish manufacturer of Volvo Trucks, Renault Trucks, Mack Trucks, Volvo Buses, and Volvo Construction Equipment. Distinct from Volvo Cars (separately listed). Aggressive electric heavy-truck rollout.
| Year | Net Sales (SEK M) | Adj. Op. Income (SEK M) | Adj. Op. Margin (%) |
|---|---|---|---|
| 2015 | 51,008 | 2,090 | 4.1 |
| 2016 | 50,731 | 2,246 | 4.4 |
| 2017 | 66,497 | 7,917 | 11.9 |
| 2018 | 84,238 | 11,306 | 13.4 |
| 2019 | 88,606 | 11,910 | 13.4 |
| 2020 | 81,453 | 10,071 | 12.4 |
| 2021 | 92,031 | 12,228 | 13.3 |
| 2022 | 100,261 | 13,244 | 13.2 |
| 2023 | 104,981 | 16,993 | 16.2 |
| 2024 | 88,305 | 12,737 | 14.4 |
| 2025 | 81,641 | 10,856 | 13.3 |
Q1 2023-Q4 2025
| Year | Net Sales (SEK M) | Adj. Op. Income (SEK M) | Adj. Op. Margin (%) |
|---|---|---|---|
| 2015 | 9,406 | 1,086 | 11.5 |
| 2016 | 9,800 | 1,269 | 12.8 |
| 2017 | 11,100 | 1,439 | 12.9 |
| 2018 | 13,700 | 2,341 | 17 |
| 2019 | 13,287 | 1,876 | 14.1 |
| 2020 | 11,891 | 1,448 | 12.2 |
| 2021 | 14,437 | 2,092 | 14.5 |
| 2022 | 18,102 | 2,530 | 14 |
| 2023 | 21,006 | 3,230 | 15.4 |
| 2024 | 19,852 | 3,419 | 17.2 |
| 2025 | 20,597 | 3,590 | 17.4 |