Volvo Group Releases 2023 Annual Report

2023

Volvo Group

The overall profitability has reached a record high.

Maintain steady progress and strong growth

Keep walking，Continue to build prosperity

And“Wo”Together

Look back at the Volvo Group last year.！

2023，All employees of Volvo Group adhere to their commitment to customers，The delivery cycle of the backlog of Vehicle and machine orders since the epidemic has been greatly shortened.。The past year，Despite the geopolitical turmoil、Multiple adverse factors such as supply chain chaos and rising costs are intertwined.，It brings many challenges to the development of enterprises.，Volvo Group is still moving forward steadily.，Achieve strong growth，And maintain good profitability and cash flow.。

——President and CEO of Volvo Group

Long Shide（Martin Lundstedt）

2023：Record sales and profitability

2023（Same as below），Volvo GroupAdjusted net sales increased 11.%，Up to 5,52.8 billion Swedish kronor。

Vehicles and machinesSales increased by 12%，Service businessSales increased by 10%。

Adjusted operating profit rose to SEK 77.6 billion.（50.5 billion in the same period last year）。

Adjusted operating margin was 14 percent.0%（10% in the same period last year.7%。

View the 2023 Annual Report of Dawood

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