Volvo 2012 Annual Report Download - page 3
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VOLVO GROUP
Complete partner
The Volvo Group is one of the world’s leading manufacturers of trucks, buses, con-
struction equipment and marine and industrial engines. The Group also provides
complete solutions for financing and service. The Volvo Group, which employs about
115,000 people, has production facilities in 18 countries and sells its products in
more than 190 markets. In 2012 the Volvo Group’s sales amounted to about SEK
304 billion. The Volvo Group is a publicly-held company headquartered in Göteborg,
Sweden. Volvo shares are listed on OMX Nordic Exchange Stockholm.
Strong brands
By selling products under different brands, the Group can address many different
customer and market segments in mature as well as growth markets.
Strong positions
• One of the world’s largest manufacturers of trucks.
• One of the largest within construction equipment.
• One of the world’s largest manufacturers
of heavy-duty diesel engines.
• Global market presence.
Global strength
Since the streamlining towards commercial vehicles was initiated more than ten
years ago, the Volvo Group has significantly strengthened its positions outside the
traditionally big markets of Western Europe and North America. Positions have been
moved forward by acquisitions in primarily Asia and expansion of the distribution and
service networks in for instance Eastern Europe and South America. In the year 2000,
markets outside of Western Europe and North America accounted for 16% of Group
sales. In 2012 that share had grown to 47%.
Volvo Group net sales
2000–2012, SEK bn
2012
303.6
2000
130.1
+133%