Volvo Group
Report on the fourth quarter and full-year 2010
Report on the fourth quarter and full-year 2010
Financial reports and other information
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Report on the fourth quarter and full-year 2010
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Buses
› Increased earnings despite flat sales
Report on the fourth quarter and full-year 2010
CEO Comments
Important events
Previously reported important events
Financial summary of the fourth quarter
Trucks
Construction Equipment
Buses
Increased earnings despite flat sales
Split trend in the bus market
Improved order intake
Improved profitability
Continued focus on cost and capital and efficiency
Volvo Penta
Volvo Aero
Operating income and operating margin
Buses
Increased earnings despite flat sales
Continued weakness in Europe and North America
Improved profitability, operating margin at 3.9%
100% ownership of Volvo Buses India
Tables
Net sales by market area, Buses
Delivered Buses
Net sales by business area
Operating income (loss) by business area
Operating margin by business area
