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 |
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