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 September 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 September 2020, ranked by turnover

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Release date

September 2020



Survey time period

September 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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Statistics on "Electrolux"

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