Segment overview

Net sales by business area
   First quarter
SEK M 2012 2011
Trucks 48,911 45,128
Construction Equipment 17,999 15,422
Buses 5,224 4,742
Volvo Penta 1,933 2,066
Volvo Aero 1,682 1,598
Other and eliminations 1,284 1,001
Industrial operations 77,034 69,956
     
Customer Finance 2,367 2,099
Reclassifications and eliminations (563) (478)
Volvo Group 78,838 71,577
     

Operating income by business area
  First quarter
SEK M 2012 2011
Trucks 3,521 4,273
Construction Equipment 2,131 1,755
Buses 62 303
Volvo Penta 112 177
Volvo Aero 235 35
Group functions and other (157) (207)
Industrial operations 5,906 6,335
     
Customer Finance 333 187
Volvo Group 6,239 6,522

Operating margin by business area
  First quarter
% 2012 2011
Trucks 7.2 9.5
Construction Equipment 11.8 11.4
Buses 1.2 6.4
Volvo Penta 5.8 8.6
Volvo Aero 14.0 2.2
Industrial operations 7.7 9.1
Volvo Group 7.9 9.1