Volvo 2010 Annual Report Download - page 45

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Outcome 2010
• Re-established positive portfolio trends and maintained strong customer and dealer relationships.
• Improved segmentation analysis and institutionalized best practices across all regions.
• Aligned regional resources and operations to market conditions and rationalized cost structure.
• Executed on capital strategies including asset-backed securitization, syndication and private label
finance programs.
Ambitions 2011
• Achieve profitable growth in all markets.
• Continue to improve operational leverage and efficiency.
• Increase standardization of processes and systems.
• Continue to develop BRIC markets.
Net sales as per-
centage of Volvo
Group sales
Operating income (loss)
3% (5)
1009080706
167SEK M(680)1,3971,6491,686
30
Volvo
Trucks Renault
Trucks Mack
Trucks Buses Volvo
CE
29 20 17 14 20 16 11 34 35
10
09
%
UD
Trucks
4 12
Penetration1Distribution of credit portfolio
Volvo Trucks 46%
Volvo CE 24%
Renault Trucks 13%
Mack Trucks 8%
Buses 5%
UD Trucks 3%
Other 1%
1 Share of business financed by Volvo Financial Services in
markets where financial services are offered.
167
41