Segment overview
Net sales by business area
| First quarter | ||
| SEK M | 2011 | 2010 |
| Trucks | 45,620 | 36,488 |
| Construction Equipment | 15,759 | 11,148 |
| Buses | 4,859 | 5,067 |
| Volvo Penta | 2,147 | 1,977 |
| Volvo Aero | 1,640 | 1,910 |
| Eliminations and other | (68) | (131) |
| Industrial operations | 69,956 | 56,459 |
| Customer Finance | 2,099 | 2,508 |
| Eliminations | (478) | (350) |
| Volvo Group | 71,577 | 58,617 |
Operating income (loss) by business area
| First quarter | ||
| SEK M | 2011 | 2010 |
| Trucks | 4,286 | 1,444 |
| Construction Equipment | 1,708 | 1,006 |
| Buses | 281 | 145 |
| Volvo Penta | 164 | 121 |
| Volvo Aero | 28 | 152 |
| Group functions and other | (123) | (83) |
| Industrial operations | 6,343 | 2,785 |
| Customer Finance | 179 | 14 |
| Volvo Group | 6,522 | 2,799 |
Operating margin by business area
| First quarter | ||
| % | 2011 | 2010 |
| Trucks | 9.4 | 4.0 |
| Construction Equipment | 10.8 | 9.0 |
| Buses | 5.8 | 2.9 |
| Volvo Penta | 7.6 | 6.1 |
| Volvo Aero | 1.7 | 8.0 |
| Industrial operations | 9.1 | 4.9 |
| Volvo Group | 9.1 | 4.8 |
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