| SEK M | 2011 | 2010 |
| Trucks | 18,260 | 10,112 |
| Construction Equipment | 6,653 | 6,180 |
| Buses | 1,036 | 780 |
| Volvo Penta | 781 | 578 |
| Volvo Aero | 336 | 286 |
| Eliminations and other | (1,109) | (102) |
| Industrial Operations | 25,957 | 17,834 |
| Customer Finance | 942 | 167 |
| Volvo Group | 26,899 | 18,000 |