Volvo 2009 Annual Report Download - page 142

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Eleven-year summary
Operating income
SEK M 199952000 200142002 20033200422005 200612007 2008 2009
Trucks63,247 1,414 (2,066) 1,189 3,951 8,992 11, 717 13 ,116 15,193 12,167 (10,805)
Buses 224 440 (916) (94) (790) 158 470 745 231 (76) (350)
Construction Equipment 1,709 1,594 527 406 908 1,898 2,752 4,072 4,218 1,808 (4,005)
Volvo Penta 314 484 658 647 695 940 943 1,105 1,173 928 (230)
Volvo Aero 584 621 653 5(44) 403 836 359 529 359 50
Customer Finance 1,066 1,499 325 490 926 1,365 2,033 1,686 1,649 1,397 (680)
Other 319 616 143 194 (3,142) 923 (598) (684) (762) (731) (994)
Volvo Group excluding
divested operations 7, 463 6,668 (676) 2,837 2,504 14,679 18,153 20,399 22,231 15,851 (17,013)
Cars 26,695 ––––––––––
Operating income (loss)
Volvo Group 34,158 6,668 (676) 2,837 2,504 14,679 18,153 20,399 22,231 15,851 (17,013)
Operating margin
%1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009
Trucks 5.4 2.4 (1.8) 1.0 3.4 6.6 7.5 7.7 8.1 6.0 (7.8)
Construction Equipment 9.1 8.0 2.5 1.9 3.9 6.5 7.9 9.7 7.9 3.2 (11. 2)
Buses 1.5 2.6 (5.5) (0.7) (6.6) 1.2 2.8 4.3 1.4 (0.4) (1.9)
Volvo Penta 5.5 7.3 8.9 8.4 9.1 10.4 9.6 10.3 10.0 8.1 (2.8)
Volvo Aero 5.9 5.8 5.5 0.1 (0.5) 5.8 11.1 4.4 6.9 4.8 0.6
Volvo Group excluding
divested operations 6.4 5.5 (0.4) 1.6 1.4 7. 3 7.9 7.9 7.8 5.2 (7.8)
Operating margin, total 29.3 5.5 (0.4) 1.6 1.4 7.3 7.9 7.9 7.8 5.2 (7.8)
Number of employees at year-end
Number11999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009
Trucks 23,330 24,320 44,180 43,470 46,900 49,450 50,240 49,900 64,390 64,280 56,505
Buses 8,860 9,060 6,230 6,660 6,680 7,700 7,710 7,760 9,290 8,930 9,541
Construction Equipment 8,900 8,830 7,780 8,410 9,280 9,930 10,290 11, 050 19,710 19,810 16,126
Volvo Penta 1,400 1,480 1,370 1,410 1,440 1,580 1,560 1,650 3,000 2,940 2,928
Volvo Aero 4,550 4,240 4,040 3,660 3,440 3,350 3,460 3,510 3,550 3,510 3,278
Financial Services 1,160 1,220 1,080 1,060 1,060 1,100 1,070 1,010 1,150 1,290 1,234
Other 5,270 5,120 6,240 6,490 6,940 7,970 7,530 8,310 610 620 596
Volvo Group, total 53,470 54,270 70,920 71,160 75,740 81,080 81,860 83,190 101,700 101,380 90,208
As of January 1, 2007, the benefits from the synergies created in the
business units are transferred back to the various Business Areas.
Comparison figures for 2006 have been restated.
1 Operating income in 2006 includes adjustment of goodwill of neg 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 Refers to Volvo Trucks for 1999–2000.
1 As of 2007, employees on Business Units are allocated to the Business Areas.
FINANCIAL INFORMATION 2009
138