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.