Largest companies in Sweden 2020, 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 February 2020. Ranked first was Volvo AB, with a turnover reaching 390 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 more than 65 thousand cars in Sweden in 2019, Volvo Cars AB was ranked second in the top twenty companies ranking in Sweden, with a turnover of more than 252 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 has been increasing during the last couple of years, reaching the highest net sales value over a ten-year period in 2018, when sales amounted to 391 billion Swedish kronor.

Largest companies in Sweden as of February 2020, ranked by turnover

Turnover in million SEK
Volvo, AB 390,835
Volvo Car AB252,653
Ericsson, Telefon AB LM210,838
H&M Hennes & Mauritz AB210,400
Skanska AB171,730
Vattenfall AB156,824
Scania CV AB137,126
Scania AB137,126
Electrolux AB124,129
Essity AB118,500
ICA Gruppen AB115,354
Corral Petroleum Holdings AB103,641
Securitas AB101,467
Sandvik AB100,072
Atlas Copco AB95,363
Nordea Bank AB93,270
SKF AB85,713
Assa Abloy AB84,048
Telia Company AB83,559
Axel Johnson Holding AB82,354
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Source

Release date

February 2020

Region

Sweden

Survey time period

February 2020

Supplementary notes

The source adds the following information: "The top list data is always based on the latest available financial statements."

The turnover refers to net sales.

Subsidiaries are excluded if the parent company is on the top list with consolidated figures.

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