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1、Strong sales and improved earnings Continued acceleration in innovation and investments Geared for growth The trans form ation towards a fossilfree society creates opportunitiesVOLVO GROUP ANNUAL REPORTDriving prosperity through transport and infra structure solutions100%FOSSIL-FREE100%MORE PRODUCTI
2、VE100%SAFE100%The Volvo Group drives prosperity through transport and infrastructure solutions,offering trucks,buses,construction equipment,power solutions for marine and industrial applications,financing and services that increase our customers uptime and productivity.Founded in 1927,the Volvo Grou
3、p is committed to shaping the future landscape of sustainable transport and infrastructure solutions.The Volvo Group is headquartered in Gothenburg,Sweden,employs 104,000 people and serves cus tom ers in almost 190 markets.In 2023,net sales amounted to SEK 553 billion(EUR 48 billion).Volvo shares ar
4、e listed on Nasdaq Stockholm.Shaping the world we want to live inEvery day the Volvo Groups products deliver food and medicine,take children to schools,power irrigation systems and construct roads and buildings.The majority of the Volvo Groups customers are companies within the transportation or inf
5、rastructure industries.The reliability and productivity of our products and services are a key factor in their success and profitability.Climate change,population growth and increasing urbanization are shifting the landscape and expectations on transport and infrastructure.In all our actions,we stri
6、ve to consider how to reduce climate impact,use the worlds resources more efficiently,and conduct business more responsibly.Together with our customers and supply chain partners,governments,societies and other stakeholders,we are moving quickly to develop and introduce transport and infrastructure s