Segment overview

Net sales
  Third quarter
SEK M 2013 2012
Trucks 43,248 43,634
Construction Equipment 12,278 13,272
Buses 3,705 4,076
Volvo Penta 1,775 1,720
Volvo Aero 1,592
Corporate Functions, Group Functions & Other 3,094 2,590
Eliminations (787) (596)
Industrial operations 63,312 66,289
     
Customer Finance 2,350 2,421
Reclassifications and eliminations (783) (452)
Volvo Group 64,880 68,256

Operating income excl. restructuring charges
  Third quarter
SEK M 2013 2012
Trucks 1,893 2,375
Construction Equipment 496 602
Buses (164) (64)
Volvo Penta 165 144
Volvo Aero 228
Corporate Functions, Group Functions & Other (239) (143)
Eliminations 23 (42)
Industrial operations 2,174 3,096
     
Customer Finance 327 384
Volvo Group excl. restructuring charges 2,502 3,480
     
  Restructuring charges    
  Trucks (100) (560)
  Construction Equipment
  Buses
  Volvo Penta
  Corporate Functions, Group Functions & Other (4)
  Industrial operations (104) (560)
     
  Customer Finance
  Total –1041 –5602
     
Volvo Group 2,398 2,920

1) Restructuring charges included in the efficiency program.
2) Other restructuring charges for comparison reasons.


Operating margin excl. restructuring charges
  Third quarter
% 2013 2012
Trucks 4.4 5.4
Construction Equipment 4.0 4.5
Buses (4.4) (1.6)
Volvo Penta 9.3 8.4
Volvo Aero  14.3
Industrial operations 3.4 4.7
Volvo Group excl. restructuring charges 3.91 5.12
     
Volvo Group 3.7 4.3

1) Restructuring charges included in the efficiency program.
2) Other restructuring charges for comparison reasons.