|

Volvo reports 17% growth in 2023 net sales

|

By Bradley Osborne - 3rd April 2024

Sweden – AB Volvo, a commercial vehicle manufacturer based in Gothenburg, Sweden, announced its financial results for 2023, reporting net sales of SEK552.8bn and an adjusted operating income of SEK77.6bn.

The group’s net sales grew by around 17% compared to the year before, when sales of SEK473.5bn were reported. In 2022, its adjusted operating income was SEK50,467. In 2023, Volvo achieved an adjusted operating margin of 14%, compared to 10.7% the year prior.

Become a subscriber to read article

Start free trial Already a subscriber? Click here to login.

Choose your subscription

Individual

£420 / annum

✓ 1 × users
✓ 3 × devices per user
✓ Unlimited articles
✓ Article Downloads
✓ Premium Content
✓ Enhanced Company Profiles

Select Subscription

Team

£1,650 / annum

✓ 5 × users
✓ 3 × devices per user
✓ Unlimited articles
✓ Article Downloads
✓ Premium Content
✓ Enhanced Company Profiles

Select Subscription

Group

£3,000 / annum

✓ 10 × users
✓ 3 × devices per user
✓ Unlimited articles
✓ Article Downloads
✓ Premium Content
✓ Enhanced Company Profiles

Select Subscription

Enterprise

£8,500 / annum

✓ Unlimited users
✓ 3 × devices per user
✓ Unlimited articles
✓ Article Downloads
✓ Premium Content
✓ Enhanced Company Profiles

Select Subscription

or Start your 30 day free trial today and get almost unrestricted access. Start your free trial

Subscription Features

Unlimited Article Limits

Access to all articles published daily as well as Truck & Bus Builder archives.

Access Article Downloads

Tables, graphs and statistical information as well as government papers.

Premium Content

Including in depth market reports, feature articles and interviews with industry leaders.