Volvo 2008 Annual Report Download - page 53
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The Group’s business areas
- together they are the world leader in
commercial transport solutions
Backed by strong product programs and increasingly more com-
plete offerings including total solutions with spare parts, work-
shops, service packages, fi nancing and leasing, the Volvo Group’s
business areas have established leading positions on a global
market.
he Volvo Group has an
established, strong pos-
ition in Western Europe,
North America and
South America. Through
the acquisitions of Japan-
ese truck manufacturer
Nissan Diesel during 2007, Chinese wheel-
loader manufacturer Lingong, the Ingersoll
Rand division for road construction equip-
ment in the same year, and through the for-
mation of a joint-venture company for the
production of trucks and buses with India-
based Eicher Motors in 2008, the Volvo Group
now has a signifi cant industrial presence also
T
67%
6%
18%
4%
2%
3%
77%
0%
11%
6%
2%
9%
(5%)
Trucks
Buses
Construction Equipment
Volvo Penta
Volvo Aero
Financial Services
Other
Share of Group's
net sales, %
Share of Group's
operating income, %
in Asia. By strengthening the dealer and serv-
ice network, the Volvo Group has growed at a
rapid pace in Eastern Europe in recent years.
During 2008, the truck operations
accounted for 67% of the Group's net sales
and for 77% of Group operating income. Con-
struction Equipment accounted for 18% of net
sales and for 11% of operating income.
In 2008, the largest market was Europe,
which accounted for 52% of the Volvo Group's
net sales. Asia accounted for 18%, North
America for 16%, South America for 7% and
Other markets for 7%.
49
Business areas 2008