Segment overview

Net sales by business area
  Fourth quarter
SEK M 2010 2009
Trucks 48,041 37,678
Construction Equipment 14,657 10,159
Buses 5,602 5,793
Volvo Penta 2,031 1,939
Volvo Aero 1,850 1,978
Eliminations and other (207) (105)
Industrial operations 71,974 57,441
     
Customer Finance 1,951 2,815
Eliminations (528) (458)
Volvo Group 73,398 59,798
     

Operating income (loss) by business area
  Fourth quarter
SEK M 2010 2009
Trucks 3,490 (1,316)
Construction Equipment 1,758 (564)
Buses 221 (46)
Volvo Penta 73 7
Volvo Aero 282 (169)
Group headquarter functions and other (404) (244)
Industrial operations 5,420 (2,331)
     
Customer Finance 98 15
Volvo Group 5,518 (2,316)

Operating margin by business area
  Fourth quarter
% 2010 2009
Trucks 7.3 (3.5)
Construction Equipment 12.0 (5.6)
Buses 3.9 (0.8)
Volvo Penta 3.6 0.4
Volvo Aero 15.2 (8.5)
Industrial operations 7.5 (4.1)
Volvo Group 7.5 (3.9)