Volvo 2000 Annual Report Download - page 5

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3
Marine and Industrial
Power Systems
Volvo Penta provides engines
and complete power systems to
customers who produce leisure
boats, workboats, power gener-
ating equipment, forklifts, etc.
Volvo Penta operates world-
wide and has one of the indus-
try’s largest dealer networks.
The product line comprises
diesel and gasoline engines
with power outputs of between
10 and 2,000 hp.
Sales increased by 15%
Operating income amounted to
SEK 484 M, the best ever
Intensive product renewal and
extension of the commercial
marine product range.
Aero
Volvo Aero is well established
and specialized in several select-
ed areas within the high-tech
aerospace industry, and works in
close cooperation with partners.
Aero develops and manufactures
components for commercial and
military aircraft engines and
space rockets, as well as marine
and land-based gas turbines.
Services, such as maintenance
and leasing, constitute an
increasingly greater part of oper-
ations.
Sales increased by 8%
Operating income amounted to
SEK 621 M, the best ever
Several important contracts
signed, divestment of truck
engine components operations
and outsourcing of services.
Financial Services
The Financial Services business
area was established during the
year to coordinate Group cus-
tomer financing, insurance,
treasury and real estate oper-
ations. The aim is to extend the
customer offering by further
developing various types of
financial services related to
Volvo’s products. Financial
Services has shown a strong and
profitable growth during the
past years.
Total assets increased by 18%
Return on shareholders’ equity
reached 14.1%
31% of all new trucks sold
were financed by Volvo
Financial Services.
96 97 98 99 00
3.9 4.5 4.9 5.8 6.6
96 97 98 99 00
(
27) 181 95 314 484
96 97 98 99 00
(0.7) 4.1 1.9 5.5 7.3
96 97 98 99 00
4.1 7.5 8.6 10.0 10.7
96 97 98 99 00
153 472 527 584 621
96 97 98 99 00
3.7 6.3 6.1 5.9 5.8
Assets (SEK bn)
Return on
Shareholders’
equity (%)
00999897
66.556.543.233.3
97 98 99 00
479 590 977 1,396
97 98 99 00
4.0 8.9 12.0 14.1