Volvo 1999 Annual Report Download - page 105

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1 Included in the Volvo Group as of mid-year 1995. Operating margin for Volvo Construction Equipment for the years 1991 to 1995 amounted to (2.3), (5.5),
5.2, 13.4 and 12.3.
103
1 Included in the Volvo Group as of mid-year 1995. Operating income for Volvo Construction Equipment in the years 1991 to 1995, calculated using the
average rate for the US dollar for each year, amounted to SEK (193) M, SEK (436) M, SEK 502 M, SEK 1,621 M och SEK 1,679 M.
1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999
Trucks 2,058 1,114 941 (619) 585 4,051 5,073 878 1,812 3,061 3,905
Buses 228 53 (166) 71 313 318 405 331 550 385 241
Construction Equipment 1— — — — — — 717 1,162 1,444 1,549 1,736
Marine and industrial engines 93 20 (113) (76) 125 223 212 (27) 181 95 314
Aero 248 8 202 305 143 60 103 153 472 527 584
Other and eliminations (68) (35) (103) 108 121 63 (106) (376) (551) (415) (226)
Volvo Group excluding
divested operations 2,559 1,160 761 (211) 1,287 4,715 6,404 2,121 3,908 5,202 6,554
Cars 1,168 (957) (1,597) (1,691) 626 2,771 1,089 1,498 4,510 3,808 –
Other divested operations 1,090 364 — — — 1,885 1,531 91 – – –
Operating income excluding
items affecting comparability 4,817 567 (836) (1,902) 1,913 9,371 9,024 3,710 8,418 9,010 6,554
Items affecting comparability
Trucks — (350) — (270) — — — — — (46) –
Buses — (300) — — — — — — — (422) –
Construction Equipment 1— — — — — — — — — (910) –
Marine and industrial engines — (50) — (108) — — — — — (158) –
Aero — — — (44) — — — — — — –
Other and eliminations 313 (50) — (221) (1,600) — (1,817) — — (114) –
Volvo Group excluding
divested operations 313 (750) — (643) (1,600) — (1,817) — — (1,650) —
Cars — (1,700) — (807) — — — — — (681) 26,695
Other divested operations — — — — — — 3,032 — — —
Volvo Group total 313 (2,450) — (1,450) (1,600) — 1,215 — — (2,331) 26,695
Operating income excluding
divested operations 2,872 410 761 (854) (313) 4,715 4,587 2,121 3,908 3,552 6,554
Operating income, Volvo Group 5,130 (1,883) (836) (3,352) 313 9,371 10,239 3,710 8,418 6,679 33,249
1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999
Trucks 7.1 4.1 3.4 (2.4) 1.7 8.8 9.9 2.0 3.6 4.8 5.6
Buses 6.2 1.3 (4.3) 1.6 5.7 5.2 5.3 3.9 5.2 2.7 1.6
Construction Equipment 1— — — — — — 12.3 9.1 8.6 8.0 9.0
Marine and industrial engines 3.4 0.7 (4.4) (3.0) 4.2 6.0 5.5 (0.7) 4.1 1.9 5.5
Aero 9.4 0.3 5.5 8.9 3.9 1.7 2.7 3.7 6.3 6.1 5.9
Volvo Group excluding
divested operations 5.4 2.5 1.7 (0.5) 2.3 6.7 8.3 2.8 4.2 4.5 5.2
Cars 2.8 (2.4) (4.3) (3.8) 1.1 3.8 1.3 1.8 4.7 3.7 –
Operating margin, excluding
items affecting comparability 5.3 0.7 (1.1) (2.3) 1.7 6.0 5.3 2.4 4.6 4.2 5.2
Operating margin, total 5.6 (2.3) (1.1) (4.0) 0.3 6.0 6.0 2.4 4.6 3.1 26.6
Operating incom e SEK M
Operating margin Percent