Volvo 2011 Annual Report Download - page 67
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Operating income (loss)
and operating margin
SEK M
%
11
781
8.8
10
578
6.6
09
(230)
(2.8)
08
928
8.1
07
1,173
10.0
3% (3)
Net sales as percentage
of Volvo Group sales
Net sales, SEK bn
11
8.9
10
8.7
09
8.2
08
11.5
07
11.7
Net sales by market
SEK M 2011 2010
Europe 4,546 4,507
North America 1,386 1,500
South America 342 335
Asia 2,245 2,008
Other markets 340 366
Total 8,859 8,716
Engine volumes
No. of units 2011 2010
Marine engines120,074 22,183
Industrial engines 21,137 20,298
Total 41,211 42,481
1 Excluding outboard engines.
8.9
781
EARNINGS
GOOD
DESPITE WEAK
MARKET
63