Volvo 2014 Annual Report Download - page 3
Download and view the complete annual report
Please find page 3 of the 2014 Volvo annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.-
1 -
2 -
3 -
4 -
5 -
6 -
7 -
8 -
9 -
10 -
11 -
12 -
13 -
14 -
15
-
16
-
17
-
18
-
19
-
20
-
21
-
22
-
23
-
24
-
25
-
26
-
27
-
28
-
29
-
30
-
31
-
32
-
33
-
34
-
35
-
36
-
37
-
38
-
39
-
40
-
41
-
42
-
43
-
44
-
45
-
46
-
47
-
48
-
49
-
50
-
51
-
52
-
53
-
54
-
55
-
56
-
57
-
58
-
59
-
60
-
61
-
62
-
63
-
64
-
65
-
66
-
67
-
68
-
69
-
70
-
71
-
72
-
73
-
74
-
75
-
76
-
77
-
78
-
79
-
80
-
81
-
82
-
83
-
84
-
85
-
86
-
87
-
88
-
89
-
90
-
91
-
92
-
93
-
94
-
95
-
96
-
97
-
98
-
99
-
100
-
101
-
102
-
103
-
104
-
105
-
106
-
107
-
108
-
109
-
110
-
111
-
112
-
113
-
114
-
115
-
116
-
117
-
118
-
119
-
120
-
121
-
122
-
123
-
124
-
125
-
126
-
127
-
128
-
129
-
130
-
131
-
132
-
133
-
134
-
135
-
136
-
137
-
138
-
139
-
140
-
141
-
142
-
143
-
144
-
145
-
146
-
147
-
148
-
149
-
150
-
151
-
152
-
153
-
154
-
155
-
156
-
157
-
158
-
159
-
160
-
161
-
162
-
163
-
164
-
165
-
166
-
167
-
168
-
169
-
170
-
171
-
172
-
173
-
174
-
175
-
176
-
177
-
178
-
179
-
180
-
181
-
182
-
183
-
184
-
185
-
186
-
187
-
188
-
189
-
190
-
191
-
192
-
193
-
194
 |
 |
VOLVO GROUP
COMPLETE PARTNER
Trucks, 67%
Construction Equipment, 19%
Buses, 6%
Volvo Penta, 3%
Customer Finance, 3%
Other, 2%
Share of net sales
The Volvo Group is one of the world’s leading
manufacturers of trucks, buses, construction
equipment and marine and industrial engines.
The Group also provides complete solutions for
fi nancing and service. The Volvo Group, which
employs about 100,000 people, has production
facilities in 19 countries and sells its products in
more than 190 markets. In 2014 the Volvo Group’s
sales amounted to about SEK 283 billion.
AB Volvo’s shares are listed on Nasdaq Stockholm.
STRONG BRANDS
By developing and delivering products and services under different brands,
the Group can address many different customer and market segments in
mature as well as growth markets.
Volvo Group net sales
2000–2014, SEK bn
2014
+117%
282.9
2000
130.1
s
m.
GLOBAL STRENGTH
Since the streamlining towards commercial vehicles was initiated more
than ten years ago, the Volvo Group has signifi cantly strengthened its
positions outside the traditionally big markets of Western Europe and
North America. Positions have been moved forward by acquisitions 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 2014
that share had grown to 42%.
Rest of the world
Europe
38%
North America
27%
South America
10%
Asia
18%
7%
Share of net sales by market 2014
This report contains ‘forward-looking statements’. Such statements refl ect manage-
ment’s current expectations with respect to certain future events and potential fi nan-
cial performance. Although the Company believes that the expectations refl ected in
such forward looking statements are reasonable, no assurance can be given that such
expectations will prove correct. Such statements are subject to risk and uncertainties
and such future events and fi nancial performance could differ materially from those
set out in the forward looking statements as a result of, among other factors, (i)
changes in economic, market and competitive conditions, (ii) success of business and
operating initiatives, (iii) changes in the regulatory environment and other government
actions, (iv) fl uctuations in exchange rates and (v) business risk management.
This report does not imply that the company has undertaken to revise these for-
ward-looking statements, beyond what is required under the company’s registration
contract with Nasdaq Stockholm if and when circumstances arise that will lead to
changes compared to the date when these statements were provided.