Segment overview
Net sales by business area
| Second quarter | ||
| SEK M | 2011 | 2010 |
| Trucks | 50,062 | 41,589 |
| Construction Equipment | 17,520 | 15,295 |
| Buses | 5,593 | 5,253 |
| Volvo Penta | 2,565 | 2,631 |
| Volvo Aero | 1,588 | 2,133 |
| Eliminations and other | (43) | (184) |
| Industrial operations | 77,286 | 66,717 |
| Customer Finance | 2,225 | 2,426 |
| Eliminations | (548) | (378) |
| Volvo Group | 78,962 | 68,765 |
Operating income by business area
| Second quarter | ||
| SEK M | 2011 | 2010 |
| Trucks | 5,106 | 2,478 |
| Construction Equipment | 1,893 | 2,086 |
| Buses | 275 | 259 |
| Volvo Penta | 314 | 312 |
| Volvo Aero * | 55 | (372) |
| Group functions and other ** | (246) | 0 |
| Industrial operations | 7,398 | 4,763 |
| Customer Finance | 250 | 7 |
| Volvo Group | 7,648 | 4,770 |
| * The second quarter of 2010 was negatively impacted by a SEK 613 M write-down of assets in VAS. | ||
| ** Including write-down of assets in VAS amounting to SEK 390 M, booked in "Group headquarter functions and other" during 2009, reclassified to Volvo Aero in the second quarter of 2010. | ||
Operating margin by business area
| Second quarter | ||
| % | 2011 | 2010 |
| Trucks | 10.2 | 6.0 |
| Construction Equipment | 10.8 | 13.6 |
| Buses | 4.9 | 4.9 |
| Volvo Penta | 12.2 | 11.9 |
| Volvo Aero * | 3.5 | (17.4) |
| Industrial operations | 9.6 | 7.1 |
| Volvo Group | 9.7 | 6.9 |
| * The second quarter of 2010 was negatively impacted by a SEK 613 M write-down of assets in VAS. | ||
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