Segment overview

Net sales
  First quarter
SEK M 2014 2013
Trucks 43,845 37,031
Construction Equipment 13,371 12,136
Buses 3,367 3,482
Volvo Penta 1,804 1,839
Corporate Functions, Group Functions & Other 2,206 2,554
Eliminations (471) (662)
Industrial operations 64,123 56,380
     
Customer Finance 2,351 2,351
Reclassifications and eliminations (828) (387)
Volvo Group 65,646 58,344

Operating income excl. restructuring charges
  First quarter
SEK M 2014 2013
Trucks 1,798 115
Construction Equipment 647 500
Buses 36 (88)
Volvo Penta 151 100
Corporate Functions, Group Functions & Other (592)1) (516)
Eliminations 152 4
Industrial operations 2,192 115
     
Customer Finance 395 381
Volvo Group excl. restructuring charges 2,588 496
     
  Restructuring charges    
  Trucks (318) (14)
  Construction Equipment 0 0
  Buses 0 0
  Volvo Penta 0 0
  Corporate Functions, Group Functions & Other (0) 0
  Industrial operations (318) (14)
      
  Customer Finance 0 0
  Volvo Group restructuring charges (318) (14)
     
Volvo Group 2,269 482

1) Included in the amount is a negative SEK 139 M pertaining to an elimination of internal profit in connection to the Volvo Rents divestment. This is offset by an equal positive amount in the Eliminations line. Hence no effect on Group total.


Operating margin excl. restructuring charges
  First quarter
% 2014 2013
Trucks 4.1 0.3
Construction Equipment 4.8 4.1
Buses 1.1 (2.5)
Volvo Penta 8.4 5.4
Industrial operations 3.4 0.2
Volvo Group excl. restructuring charges 3.9 0.9
     
Volvo Group 3.5 0.8