Segment overview

Net sales
  Fourth quarter
SEK M 2013 2012
Trucks 51,961 46,990
Construction Equipment 13,005 12,572
Buses 5,512 5,384
Volvo Penta 1,777 1,754
Volvo Aero
Corporate Functions, Group Functions & Other 3,592 2,718
Eliminations (949) (483)
Industrial operations 74,898 68,934
     
Customer Finance 2,452 2,507
Reclassifications and eliminations (708) (630)
Volvo Group 76,642 70,811

Operating income excl. restructuring charges
  Fourth quarter
SEK M 2013 2012
Trucks 2,965 1,882
Construction Equipment 272 235
Buses 50 (22)
Volvo Penta 72 13
Volvo Aero
Corporate Functions, Group Functions & Other (2,198)4 (290)
Eliminations 20 (17)
Industrial operations 1,181 1,799
     
Customer Finance 397 391
Volvo Group excl. restructuring charges 1,577 2,190
     
  Restructuring charges    
  Trucks (549) (880)
  Construction Equipment 0 0
  Buses 0 (110)
  Volvo Penta 0 0
  Corporate Functions, Group Functions & Other (32) 0
  Industrial operations (581) (990)
     
  Customer Finance
  Total (581)2 (990)2,3
     
Volvo Group 996 1,200

2Restructuring charges included in the efficiency program.
3Other restructuring charges for comparison reasons.
4Including a write-down of Volvo Rents amounting to SEK 1,500 M in the fourth quarter 2013.


Operating margin excl. restructuring charges
  Fourth quarter
% 2013 2012
Trucks 5.7 4.0
Construction Equipment 2.1 1.9
Buses 0.9 (0.4)
Volvo Penta 4.0 0.7
Volvo Aero 
Industrial operations 1.6 2.6
Volvo Group excl. restructuring charges 2.1 3.1
     
Volvo Group 1.32 1.72,3

2Restructuring charges included in the efficiency program.
3Other restructuring charges for comparison reasons.
4Including a write-down of Volvo Rents amounting to SEK 1,500 M in the fourth quarter 2013.