Largest companies in Sweden 2022, by turnover
The two Volvo companies, Volvo AB and Volvo Car AB seized the two top spots on the list of the top twenty companies with the highest turnover in Sweden as of April 2022. Ranked first was Volvo AB, with a turnover reaching nearly 340 billion Swedish kronor. Volvo AB (also known as Volvo Group) is a world leading manufacturer of mainly trucks, but also buses, and marine and industrial engines.
Volvo Cars AB ranked as second
Selling roughly 53,000 cars in Sweden in 2020, Volvo Cars AB was ranked second in the top twenty companies ranking in Sweden, with a turnover of more than 260 billion Swedish kronor. Volvo Cars used to be part of Volvo AB until 1999 and is today owned by the automotive company Geely.
Volvo Group on a global scale
Volvo Group’s net sales on a global scale indreased until 2019, but fell in 2020 after the outbreak of COVID-19. In 2021, Volvo Group's global revenue was 372 billion Swedish kronor.
Volvo Cars AB ranked as second
Selling roughly 53,000 cars in Sweden in 2020, Volvo Cars AB was ranked second in the top twenty companies ranking in Sweden, with a turnover of more than 260 billion Swedish kronor. Volvo Cars used to be part of Volvo AB until 1999 and is today owned by the automotive company Geely.
Volvo Group on a global scale
Volvo Group’s net sales on a global scale indreased until 2019, but fell in 2020 after the outbreak of COVID-19. In 2021, Volvo Group's global revenue was 372 billion Swedish kronor.
