Volvo 2006 Annual Report Download - page 164

Eleven-year summary
Operating income
SEK M 1996
8 1997
7 1998
6 1999
5 2000 2001
4 2002 2003
3 2004
2 2005 2006
1
Trucks
9 783 1,707 2,769 3,247 1,414 (2,066) 1,189 3,951 8,992 11,717 12,657
Buses 331 550 (37) 224 440 (916) (94) (790) 158 470 633
Construction Equipment 1,162 1,436 626 1,709 1,594 527 406 908 1,898 2,752 3,888
Volvo Penta (27) 181 (63) 314 484 658 647 695 940 943 1,002
Volvo Aero 153 472 527 584 621 653 5 (44) 403 836 345
Financial Services 244 375 681 1,066 1,499 325 490 926 1,365 2,033 2,301
Other 9,377 3,624 3,950 319 616 143 194 (3,142) 923 (598) (427)
Volvo Group excluding
divested operations 12,023 8,345 8,453 7,463 6,668 (676) 2,837 2,504 14,679 18,153 20,399
Cars 1,080 4,409 3,375 26,695 – – – – – – –
Other divested operations 91 – – – – – – – – – –
Operating income (loss)
Volvo Group 13,194 12,754 11,828 34,158 6,668 (676) 2,837 2,504 14,679 18,153 20,399
1 Operating income in 2006 includes adjustment of goodwill of (1,712),
reported in Trucks.
2 Operating income in 2004 included reversal of write-down of shares in
Scania AB of 915, reported in Other, and write-down of shares in Henlys
Group Plc of 95, reported in Buses.
3 Operating income in 2003 included write-down of shares in Scania AB and
Henlys Group Plc amounting to 4,030, of which 429 was reported in Buses
(Henlys Group) and 3,601 was reported in Other (Scania AB).
4 Operating income in 2001 included restructuring costs mainly related to
the integration of Mack Trucks and Renault Trucks of 3,862 of which 3,106
in Trucks, 392 in Buses and 364 in Construction Equipment.
5 Effective January 1, 1999, Volvo Cars was reported as a divested operation.
The capital gain from the divestment was 26,695.
6 Restructuring costs in 1998 amounted to 1,650 of which 46 in Trucks, 422
in Buses, 910 in Construction Equipment and 158 in Volvo Penta. In addi-
tion operating income included a capital gain from the sale of shares in
Pharmacia UpJohn amounting to 4,452.
7 Operating income in 1997 included a capital gain from the sale of shares in
Pripps Ringnes amounting to 3,027.
8 Operating income in 1996 included a capital gain from the sale of shares in
Pharmacia UpJohn amounting to 7,766.
9 Refers to Volvo Trucks for 1996–2000.
Operating margin
% 1996 1997 1998
1999 2000 2001 2002 2003 2004 2005 2006
Trucks 2.0 3.8 5.0 5.4 2.4 (1.8) 1.0 3.4 6.6 7.5 7.6
Buses 3.9 5.2 (0.3) 1.5 2.6 (5.5) (0.7) (6.6) 1.2 2.8 3.8
Construction Equipment 9.1 8.6 3.2 9.1 8.0 2.5 1.9 3.9 6.5 7.9 9.6
Volvo Penta (0.7) 4.1 (1.3) 5.5 7.3 8.9 8.4 9.1 10.4 9.6 9.6
Volvo Aero 3.7 6.3 6.1 5.9 5.8 5.5 0.1 (0.5) 5.8 11.1 4.3
Volvo Group excluding
divested operations 17.1 9.6 7.9 6.4 5.5 (0.4) 1.6 1.4 7.3 7.9 8.2
Operating margin, total 8.8 7.1 5.7 29.3 5.5 (0.4) 1.6 1.4 7.3 7.9 8.2
Number of employees at year-end
Number 1996 1997 1998
1999 2000 2001 2002 2003 2004 2005 2006
Trucks 20,860 22,090 22,560 23,330 24,320 44,180 43,470 46,900 49,450 50,240 49,900
Buses 3,750 4,220 8,690 8,860 9,060 6,230 6,660 6,680 7,700 7,710 7,760
Construction Equipment 7,300 8,550 9,680 8,900 8,830 7,780 8,410 9,280 9,930 10,290 11,050
Volvo Penta 1,420 1,400 1,490 1,400 1,480 1,370 1,410 1,440 1,580 1,560 1,650
Volvo Aero 3,740 4,170 3,990 4,550 4,240 4,040 3,660 3,440 3,350 3,460 3,510
Financial Services 560 710 860 1,160 1,220 1,080 1,060 1,060 1,100 1,070 1,140
Other 3,090 3,840 5,190 5,270 5,120 6,240 6,490 6,940 7,970 7,530 8,180
Volvo Group, excluding
divested operations 40,720 44,980 52,460 53,470 54,270 70,920 71,160 75,740 81,080 81,860 83,190
Cars 29,600 27,920 27,360 – – – – – – – –
Other divested operations 10 – – – – – – – – – –
Volvo Group, total 70,330 72,900 79,820 53,470 54,270 70,920 71,160 75,740 81,080 81,860 83,190
Eleven-year summary
160 Financial information 2006