First quarter				12 months
					rolling	Jan–Dec
SEK M	2011	2010	Change, %	Change, %*	values	2010
Trucks	45,620	36,488	25	35	176,437	167,305
Construction Equipment	15,759	11,148	41	53	58,421	53,810
Buses	4,859	5,067	(4)	2	20,308	20,516
Volvo Penta	2,147	1,977	9	17	8,886	8,716
Volvo Aero	1,640	1,910	(14)	12	7,438	7,708
Eliminations and other	(68)	(131)	–	–	(617)	(680)
Industrial operations	69,956	56,459	24	34	270,872	257,375
Customer Finance	2,099	2,508	(16)	(10)	8,622	9,031
Eliminations	(478)	(350)	–	–	(1,786)	(1,658)
Volvo Group	71,577	58,617	22	33	277,708	264,749
* Adjusted for exchange rate fluctuations and acquired and divested units.