Segment overview

Net sales by business area
  Third quarter
SEK M 2011 2010
Trucks 47,730 41,187
Construction Equipment 14,958 12,710
Buses 5,157 4,594
Volvo Penta 2,199 2,077
Volvo Aero 1,410 1,815
Eliminations and other 105 (158)
Industrial operations 71,559 62,225
     
Customer Finance 2,237 2,146
Eliminations (476) (402)
Volvo Group 73,321 63,969
     
Operating income (loss) by business area
  Third quarter
SEK M 2011 2010
Trucks 3,962 2,700
Construction Equipment 1,403 1,330
Buses 185 155
Volvo Penta 209 72
Volvo Aero  102 224
Group functions and other (338) 385
Industrial operations 5,523 4,866
     
Customer Finance 251 48
Volvo Group 5,774 4,913

Operating margin by business area
  Third quarter
% 2011 2010
Trucks 8.3 6.6
Construction Equipment 9.4 10.5
Buses 3.6 3.4
Volvo Penta 9.5 3.5
Volvo Aero  7.2 12.3
Industrial operations 7.7 7.8
Volvo Group 7.9 7.7