Below are the financial statements of Volvo, including the income statement and balance sheet for the company's latest fiscal year. All figures are accurate, verifiable, and fully traceable to the original annual filing where disclosed.
| All figures in billions of SEK | 2024 | 2023 |
|---|---|---|
| Net sales | 526.82a | 552.25a |
| Cost of sales | -382.77a | -402.41a |
| Gross income | 144.05a | 149.84a |
| Research and development expenses | -30.96a | -26.65a |
| Selling expenses | -34.69a | -33.68a |
| Administrative expenses | -7.8a | -7.36a |
| Other operating income and expenses | -1.84a | -12.28a |
| Income/loss from investments in joint ventures and associated companies | -2.17a | -2.57a |
| Income/loss from other investments | 0.02a | -0.01a |
| Operating income | 66.61a | 67.3a |
| Interest income and similar credits | 2.69a | 2.69a |
| Interest expenses and similar charges | -1.59a | -1.68a |
| Other financial income and expenses | -0.5a | -1.58a |
| Income after financial items | 67.21a | 66.73a |
| Income taxes | -16.63a | -16.79a |
| Income for the period | 50.58a | 49.93a |
| Attributable to | — | — |
| Owners of AB Volvo | 50.39a | 49.83a |
| Non-controlling interest | 0.19a | 0.11a |
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