AB Volvo

Overview

Date Founded

1927

Headquarters

Gropegårdsgatan 2,Gothenburg, Vastra Gotaland 417 15

Type of Company

Public

Employees (Worldwide)

105K

Industries

Trucks, Construction & Farm Machinery
Other Transportation
Automobiles
Industrial Machinery & Manufacturing

Company Description

Volvo AB engages in the design, manufacture, and market of commercial vehicles. It operates through the following segments: Trucks, Construction Equipment, Buses, Volvo Penta, Group Functions and Other, Industrial Operations, and Financial Services. The Trucks segment includes the production, development, and logistics for powertrain and parts. The Volvo Penta segment markets marine and industrial engines. The Group Functions and Other segment encompasses Volvo Group IT and Volvo Group Real Estate. The company was founded by Assar-Thorvald Nathanael-Gabrielsson and Erik Gustaf Larson in 1915 and is headquartered in Göteborg, Sweden.

Website

http://www.volvogroup.com

Contact Data

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In The News

Marketline Newswire

September 11, 2019

Volvo adds PHEV to XC40 range

Business Wire

September 10, 2019

2019 Autonomous Light Vehicle Market Review and Forecasts to 2034 - ResearchAndMarkets.com

Business Wire

September 10, 2019

Global Light Vehicle OE Batteries Markets, 2019-2034: Major Suppliers, Top Markets, Technology Trends and Market Size Forecasts - ResearchAndMarkets.com

Business Wire

September 9, 2019

Global Connected Vehicle Technologies Forecasts to 2034 - ResearchAndMarkets.com

Fortune

September 7, 2019

Hardware Security Keys: A Seatbelt for the Internet?—Cyber Saturday

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Executives & Employees

Martin Lundstedt

President, Chief Executive Officer & Director

Jan Gurander

Deputy Chief Executive Officer

Sofia Frändberg

Executive Vice President Group Legal & Compliance & General Counsel

Lars Stenqvist

Group Chief Technology Officer

Jan Olof Ytterberg

Chief Financial Officer & Executive Vice President-Group Finance

Diana Niu

Executive Vice President Group Human Resources

Roger Alm

Executive Vice President Volvo Group & President Volvo Trucks

Bruno Blin

Executive Vice President Volvo Group & President Renault Trucks

Melker Jernberg

Executive Vice President Volvo Group & President Volvo Construction Equipment

Jan Ohlsson

Executive Vice President Group Trucks Operations

Board of Directors

Carl-Henric Svanberg

Kathryn V. Marinello

Chief Executive Officer & President at The Hertz Corporation

Helena Stjernholm

Chief Executive Officer at Industrivärden AB

Betsy S. Atkins

Founder at Baja Corp. LLC

Matti Juhani Alahuhta

Chairman at DevCo Partners Oy

Eric A. Elzvik

Director at Ericsson, Inc.

Hanne de Mora

James W. Griffith

Former President, Chief Executive Officer & Director at The Timken Co.

Martin Lundstedt

President, Chief Executive Officer & Director at AB Volvo

Martina Merz

Former Chief Executive Officer & Director at Chassis Brakes International BV

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AB Volvo

Owners & Shareholders

Details Hidden

Alecta Pension Insurance Mutual

Alecta is a risk-averse manager which aims to meet the requirements of long-term pension fund management, in terms of delivering a competitive return with prudent risk management. The firm's portfolio holdings consist of approximately 50 percent fixed income, 41 percent equities, and 9 percent real estate. The core of Alecta's philosophy is a competent independent in-house analysis, focusing on the absolute return and risks of their investments. They direct their investment activities mainly to areas where the firm have such in-house capability and expertise. By limiting the number of holdings, they facilitate an even deeper analysis whereby each specific analysis can have a significant impact on the firm's performance.

Details Hidden

Swedbank Robur Fonder AB

Swedbank Robur's philosophy is based on fundamental analysis with focus on risk control. Their investment process emphasizes research-based decision-making with controlling risk to ensure long-term capital appreciation for their clients. The firm's in-house analysis contributes to enhance the investment decisions.

Details Hidden

AMF Fonder AB

AMF Fonder invests in the US and in select European and Asian markets. They combine fundamental analysis with quantitative tools to invest in equities. Their investment committee utilizes a top-down approach to strategically allocate equities across regions and sectors and construct concentrated portfolios based on a bottom-up approach which targets reasonably-priced companies with quality management. Stock selection criteria include competitive position, visible earnings, growth potential and valuation focused on earnings projections, cash flow, balance sheet soundness and dividend capacity. In addition to valuation, AMF Fonder meets with companies and their competitors and regularly reviews allocation decisions.

Recent Transactions

Details Hidden

AB Volvo, Volvo Construction Equipment AB purchase CeDe Group AB from Dieden Group AB

Details Hidden

Volkswagen AG purchases WirelessCar AB from AB Volvo

Details Hidden

Zhejiang Geely Holding Group Co., Ltd. purchases AB Volvo from Cevian Capital AB

Transaction Advisors

Accountant

PricewaterhouseCoopers LLP

Advised onAB Volvo, NA KK purchase Nissan Diesel Motor Co., Ltd.

Investment Advisor

Enskilda Securities AB

Advised onAB Volvo purchases Scania AB

Legal Advisor

Clifford Chance LLP

Advised onAB Volvo, Volvo Bussar AB purchase Henlys Group Plc /Bus Body & City Bus Mfg (2) from Henlys Group Plc

Legal Advisor

Emma Olnäs Fors

Advised onAmtek Auto Ltd. purchases Volvo AB /Floby Component Plant Ops from AB Volvo

Co-Managing Shareholder

Fiona Adams

Advised onPlatinum Equity Advisors LLC purchases Volvo Rents, Inc. from AB Volvo

Legal Advisor

Hillevi Börjesson

Advised onAmtek Auto Ltd. purchases Volvo AB /Floby Component Plant Ops from AB Volvo

Advisors & Consultants

Advisor

Martin Weissburg

President at Mack Trucks, Inc.

Legal Advisor

G. Keith Phoenix

Founding Member at Sandberg Phoenix & von Gontard PC

Senior Advisor

Henry Örjan Sténson

Former Head, Corporate Communication & Sustainability Affairs at AB Volvo

Clients

Koç Holding AS

Koç Holding AS engages in the provision of industrial and services. It operates through the following segments: Energy, Automotive, Consumer Durables, Finance, and Other. The Energy segment operates in refinery, fuel distribution, LPG distribution, power generation, natural gas and other industries. The Automotive segment operates in various industries such as passenger cars, commercial vehicles, farm tractors and defense. The Consumer Durables segment involves in white goods and consumer electronics. The Finance segment engages in banking, leasing, insurance, real estate investment trust, pension funds, factoring, brokerage, asset management and consumer finance activities. The Other segment includes other lines of business, which include food production, food production distribution, retailing, tourism, marine operations, information technology, and ship and yacht construction. The company was founded by Vehbi Koç on December 6, 1963 and is headquartered in Istanbul, Turkey.

PACCAR, Inc.

PACCAR, Inc. is a global technology company, which engages in the design and manufacture of light, medium, and heavy-duty trucks. It operates through the following segments: Truck, Parts, Financial Services, and Other. The Truck segment designs and manufactures heavy, medium, and light duty diesel trucks which are marketed under the Kenworth, Peterbilt, and DAF brands. The Parts segment distributes aftermarket parts for trucks and related commercial vehicles. The Financial Services segment provides finance and leasing products; and services provided to truck customers and dealers. The Other segment covers the manufacturing and marketing of industrial winches. The company was founded by William Pigott Sr. in 1905 and is headquartered in Bellevue, WA.

Cargotec Oyj

Cargotec improves the efficiency of global cargo flows. We have a global presence and local services in more than 750 sales and service locations in more than 120 countries. Our brands MacGregor, Kalmar and Hiab mark the equipment, solutions and products we provide to our customers. There are approximately 10,500 of us around the globe, ensuring that our customers always receive the best possible solutions and service. Learn more about us! Global presence with local services Cargo traffic is one of the vital services that help keep our global society up and running. Millions of items, from raw materials to consumer products, are transported locally and between countries. Cargotec’s global presence allows it to serve customers both in mature markets and in growing economic areas. Our mission is to improve the efficiency of cargo flows. We do this by helping our customers’ operations run more efficiently: we deliver reliable equipment and services, maximise fleet and ship productivity, and we can help in improving the overall performance of our customers’ operations with complete systems, concepts and design

Key Stats and Financials As of 2018

Market Capitalization

$279B

Total Enterprise Value

$327B

Earnings Per Share

$12.25

Revenue

$391B

Net Profit

$24.9B

EBITDA

$49.2B

EBITDAMargin

12.59%

Total Debt

$136B

Total Equity

$126B

Enterprise Value Sales

0.84x

Enterprise Value EBITDAOperating

6.65x

TEVNet Income

13.13x

Debt TEV

0.42x

Three Year Compounded Annual Growth Rate Of Revenue

7.74%

Five Year Compounded Annual Growth Rate Of Revenue

7.47%

Investments

Details Hidden

IronPlanet, Inc.

IronPlanet, Inc. operates an online marketplace for buying and selling used heavy equipment and trucks. It offers construction equipment, cranes, mining equipment, oil and gas machinery, agricultural equipment, trucks and motors, attachments and parts, forestry machinery, forklifts, and quarry and aggregates. The firm also provides rental and online auction services. The company was founded by Reza Bundy Saadlou in 1999 and is headquartered in Pleasanton, CA.

Details Hidden

Lamera AB

Lamera AB develops ultra-light metal composites. It engages in developing, producing, and marketing light stainless steel for energy absorption systems. The firm builds on Hybrix composite technology, which is a ultra light, thin, and formable metal sandwich material. The company was founded by Anders Samuel Axelsson and Mattias Grufberg on December 23, 2004 and is headquartered in Vastra Frolunda, Sweden.

Investors

Details Hidden

Karin Falk

Former Executive Vice President-Corporate Strategy at AB Volvo

Details Hidden

Joachim Rosenberg

Executive Vice President Volvo Group & Chairman of Ud Trucks at AB Volvo

Details Hidden

Jan-Eric Sundgren

Former Senior Vice President-Public & Environmental Affairs at AB Volvo

Suppliers

Actuant Corp. Industrial Machinery & Manufacturing | MENOMONEE FALLS, WI

Actuant Corp. is a diversified industrial company, which engages in the designing, manufacturing, and distribution of a broad range of industrial products and systems to various end markets. It operates through the Industrial Tools and Services; and Engineered Components and Systems segments. The Industrial Tools and Services segment supplies both products and services to a broad array of end markets, including industrial, energy, mining and production automation markets. The Engineered Components and Systems segment focuses on system critical position and motion control systems, ropes, cables and umbilicals and other customized industrial components to various vehicle, construction, agricultural and other niche markets. The company was founded in 1910 and is headquartered in Menomonee Falls, WI.

Cummins, Inc. Oil & Gas | Columbus, IN

Cummins, Inc. engages in the design, manufacture, sale and service of diesel and natural gas engines and powertrain-related technologies, including fuel systems, controls, air handing, filtration, emission, solutions and electrical power generation systems. It operates through the following segments: Engine, Distribution, Components and Power Generation. The Engine segment manufactures and markets a range of diesel and natural gas powered engines under the Cummins brand name, for the heavy- and medium-duty truck, bus, recreational vehicle, light-duty automotive, agricultural, construction, mining, marine, oil and gas, rail and governmental equipment markets. The Distribution segment consists of parts, engines, power generation and service, which service and distributes range of its products and services. The Components segment supplies products which complement its Engine and Power Systems segment, including after treatment systems, turbochargers, filtration products and fuel systems for commercial diesel applications. The Power Generation segment designs and manufactures most of the components that make up power generation systems, including controls, alternators, transfer switches and switchgear. The company was founded by Clessie Lyle Cummins and William Glanton Irwin on February 3, 1919 and is headquartered in Columbus, IN.

Perceptron, Inc. Industrial Machinery & Manufacturing | PLYMOUTH, MI

Perceptron, Inc. engages in the development, production, and trade of automated industrial metrology products and solutions. It operates through the following geographical segments: Americas, Europe, and Asia. It offers 3D machine vision solutions, robot guidance, coordinate measuring machines, laser scanning, and advanced analysis software. The company was founded by Dwight D. Carlson and James K. West in 1981 and is headquartered in Plymouth, MI.

Competitors

Navistar International Corp. Trucks, Construction & Farm Machinery - Lisle, IL

Navistar International Corp. is a holding company, which engages in the manufacture of military truck, proprietary diesel engines, school and commercial buses, and service parts for trucks and diesel engines. It operates through the following segments: Truck, Parts, Global Operations, and Financial Services. The Truck segment manufactures and distributes class four through eight trucks, buses, military and government vehicles under the International, and IC Bus (IC) brands, and produces engines under its proprietary brand name and parts required to support the military truck lines. The Parts segment offers a proprietary products needed to support the International commercial truck, IC Bus, proprietary engine lines, and export parts business, as well as its other product lines. The Global Operations segment comprises of Brazil engine operations which produce diesel engines under contract manufacturing arrangements. The Financial Services segment includes retail, wholesale, and lease financing of products sold by the truck and parts segments, and dealers within the United States, and Mexico. The company was founded in 1902 and is headquartered in Lisle, IL.

Caterpillar, Inc. Trucks, Construction & Farm Machinery - Deerfield, IL

For more than 85 years, Caterpillar Inc. has been making sustainable progress possible and driving positive change on every continent. With 2011 sales and revenues of $60.138 billion, Caterpillar is the world's leading manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives. The company also is a leading services provider through Caterpillar Financial Services, Caterpillar Remanufacturing Services and Progress Rail Services.

PACCAR, Inc. Trucks, Construction & Farm Machinery - Bellevue, WA

PACCAR, Inc. is a global technology company, which engages in the design and manufacture of light, medium, and heavy-duty trucks. It operates through the following segments: Truck, Parts, Financial Services, and Other. The Truck segment designs and manufactures heavy, medium, and light duty diesel trucks which are marketed under the Kenworth, Peterbilt, and DAF brands. The Parts segment distributes aftermarket parts for trucks and related commercial vehicles. The Financial Services segment provides finance and leasing products; and services provided to truck customers and dealers. The Other segment covers the manufacturing and marketing of industrial winches. The company was founded by William Pigott Sr. in 1905 and is headquartered in Bellevue, WA.

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