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.