| SEK M | 2011 | 2010 | % |
| Trucks | 200,703 | 167,305 | 20 |
| Construction Equipment | 64,987 | 53,810 | 21 |
| Buses | 22,289 | 20,516 | 9 |
| Volvo Penta | 8,859 | 8,716 | 2 |
| Volvo Aero | 6,509 | 7,708 | (16) |
| Eliminations and other | 242 | (680) | |
| Industrial Operations(1 | 303,589 | 257,375 | 18 |
| Customer Finance | 8,883 | 9,031 | (2) |
| Reclassifications and eliminations | (2,104) | (1,658) | |
| Volvo Group | 310,367 | 264,749 | 17 |