Top 12 Swedish companies – these are the biggest and best Swedish companies to work for.
Largest companies in Sweden by turnover (in million SEK) top 12
As iconic as Swedish meatballs, Volvo remains the largest company in Sweden based on its annual turnover. Known around the world for its station wagons that have made the brand a beloved family cliché, Volvo is also synonymous with roughly 190 other products. Chinese automotive manufacturing company Geely Holding Group bought a large share of AB Volvo – the part of the brand that mainly makes trucks, buses and construction equipment – in 2018 and has owned Volvo Cars since 2010. They’re still headquartered in the Swedish city of Gothenburg, though. First founded in 1927, Volvo Group has over 100,000 employees with production facilities in 18 countries worldwide. Add to that the around 38,000 employees of Volvo Cars.
A strong competitor in the telecommunications market space, Ericsson is known worldwide for its mobile technology and networks, and remains at the cutting edge due to the company’s approach to innovation, which involves strong partnerships with various universities and research institutions around the world. Started as a family business in the Swedish capital of Stockholm by Lars Magnus and Hilda Ericsson, this Swedish company now has over 90,000 employees worldwide.
Bringing Sweden’s quintessential minimalist yet chic style of fashion to the world is Hennes & Mauritz, more known as H&M. Started in 1947 as a women’s clothing store called Hennes in Västerås, founder Erling Persson later bought hunting and fishing equipment store Mauritz Widforss, officially changed its name to Hennes & Mauritz, and added men’s and children’s clothing in 1968. Since then, H&M has expanded to over 4,800 shops around the world selling trendy clothes and accessories at affordable prices, and several sub-brands have been added to the family. H&M ensures that its suppliers are audited to meet its code of conduct in terms of child labour and workplace safety issues among other things.
Is a multinational construction and development company based in Sweden. Skanska is the fifth largest construction company in the world according to Construction Global magazine.
Vattenfall is a Swedish power company, wholly owned by the Swedish state. Beyond Sweden, the company generates power in Denmark, Finland, Germany, the Netherlands, and the United Kingdom. The company’s name is Swedish for “waterfall”, and is an abbreviation of its original name,
Electrolux AB is a Swedish multinational home appliance manufacturer, headquartered in Stockholm. It is consistently ranked the world’s second largest appliance maker by units sold after Whirlpool
Scania AB is a major Swedish manufacturer of commercial vehicles – specifically heavy trucks and buses. It also manufactures diesel engines for heavy vehicles as well as marine and general industrial applications.
Atlas Copco a Swedish industrial company that was founded in 1873. It manufactures industrial tools and equipment. The Atlas Copco Group is a global industrial group of companies headquartered in Nacka, Sweden.
Essity AB global hygiene and health company, with its headquarters in Stockholm, Sweden. The company develops, manufactures and sells products and solutions within hygiene and health.
ICA Gruppen AB is a Swedish retailer with a focus on food and health. The group also owns a bank, real estate division, a pharmacy chain and the Hemtex soft furnishings chain. The company was started in 1938, based on a business model which was introduced by Hakonbolagen in 1917.
Nordea Bank Danmark A/S is a bank in Sweden, Denmark and Finland . It is part of Nordea – the largest financial group in the Nordic countries
Securitas AB is a security services, monitoring, consulting and investigation group, based in Stockholm, Sweden. The group has over 300,000 employees in 53 countries worldwide.
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