Volvo 2007 Annual Report Download - page 160
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Please find page 160 of the 2007 Volvo annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.Eleven-year summary
156 Financial information 2007
Eleven-year summary
Operating income
SEK M 19977 19986 19995 2000 20014 2002 20033 20042 2005 20061 2007
Trucks8 1,707 2,769 3,247 1,414 (2,066) 1,189 3,951 8,992 11,717 13,116 15,193
Construction Equipment 1,436 626 1,709 1,594 527 406 908 1,898 2,752 4,072 4,218
Buses 550 (37) 224 440 (916) (94) (790) 158 470 745 231
Volvo Penta 181 (63) 314 484 658 647 695 940 943 1,105 1,173
Volvo Aero 472 527 584 621 653 5 (44) 403 836 359 529
Customer Finance 375 681 1,066 1,499 325 490 926 1,365 2,033 1,686 1,649
Other 3,624 3,950 319 616 143 194 (3,142) 923 (598) (684) (762)
Volvo Group excluding
divested operations 8,345 8,453 7,463 6,668 (676) 2,837 2,504 14,679 18,153 20,399 22,231
Cars 4,409 3,375 26,695 – – – – – – – –
Other divested operations – – – – – – – – – – –
Operating income (loss)
Volvo Group 12,754 11,828 34,158 6,668 (676) 2,837 2,504 14,679 18,153 20,399 22,231
As of January 1, 2007, the benefi ts from the synergies created in the business
units are transferred back to the various Business Areas. Comparison fi gures for
2006 have been restated.
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 addition
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 Refers to Volvo Trucks for 1997–2000.
Operating margin
% 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007
Trucks 3.8 5.0 5.4 2.4 (1.8) 1.0 3.4 6.6 7.5 7.7 8.1
Construction Equipment 8.6 3.2 9.1 8.0 2.5 1.9 3.9 6.5 7.9 9.7 7.9
Buses 5.2 (0.3) 1.5 2.6 (5.5) (0.7) (6.6) 1.2 2.8 4.3 1.4
Volvo Penta 4.1 (1.3) 5.5 7.3 8.9 8.4 9.1 10.4 9.6 10.3 10.0
Volvo Aero 6.3 6.1 5.9 5.8 5.5 0.1 (0.5) 5.8 11.1 4.4 6.9
Volvo Group excluding
divested operations 9.6 7.9 6.4 5.5 (0.4) 1.6 1.4 7.3 7.9 7.9 7.8
Operating margin, total 7.1 5.7 29.3 5.5 (0.4) 1.6 1.4 7.3 7.9 7.9 7.8
Number of employees at year-end
Number 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007
Trucks 22,090 22,560 23,330 24,320 44,180 43,470 46,900 49,450 50,240 49,900 64,390
Construction Equipment 8,550 9,680 8,900 8,830 7,780 8,410 9,280 9,930 10,290 11,050 19,710
Buses 4,220 8,690 8,860 9,060 6,230 6,660 6,680 7,700 7,710 7,760 9,290
Volvo Penta 1,400 1,490 1,400 1,480 1,370 1,410 1,440 1,580 1,560 1,650 3,000
Volvo Aero 4,170 3,990 4,550 4,240 4,040 3,660 3,440 3,350 3,460 3,510 3,550
Financial Services 710 860 1,160 1,220 1,080 1,060 1,060 1,100 1,070 1,010 1,150
Other 3,840 5,190 5,270 5,120 6,240 6,490 6,940 7,970 7,530 8,310 610
Volvo Group, excluding
divested operations 44,980 52,460 53,470 54,270 70,920 71,160 75,740 81,080 81,860 83,190 101,700
Cars 27,920 27,360 – – – – – – – – –
Volvo Group, total 72,900 79,820 53,470 54,270 70,920 71,160 75,740 81,080 81,860 83,190 101,700