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