Volvo 2013 Annual Report Download - page 192

Operating margin
%2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003
Trucks 3.4 5.3 9.2 6.0 (7.8) 6.0 8.1 7.7 7.5 6.6 3.4
Buses (1.1) 0.3 5.1 3.8 (1.9) (0.4) 1.4 4.3 2.8 1.2 (6.6)
Construction Equipment 4.9 9.1 10.7 11. 5 (11. 2) 3.2 7.9 9.7 7.9 6.5 3.9
Volvo Penta 8.3 7.1 9.8 6.6 (2.8) 8.1 10.0 10.3 9.6 10.4 9.1
Volvo Aero –14.7 5.7 3.7 0.6 4.8 6.9 4.4 11.1 5.8 (0.5)
Volvo Group Industrial
Operations 2.1 5.4 8.5 6.9 (7. 8) 5.2 7.8 7. 9 7.9 7. 3 1.4
Customer Finance 16.0 15.3 10.9 1.8 (5.8) 16.5 21.4 22.0 26.9 14.2 10.1
Volvo Group 2.6 5.8 8.7 6.8 (7. 8) 5.2 7. 8 7. 9 7.5 7.0 1.4
Operating income
SEK M 20135201242 011 2010 2009 2008 2007 200612005 2004220033
Trucks 6,14510,216 18,227 10 ,112 (10,805) 12,167 15,193 13 ,116 11, 717 8,992 3,951
Buses (190) 51 1,114 780 (350) (76) 231 745 470 158 (790)
Construction Equipment 2,592 5,773 6,812 6,180 (4,005) 1,808 4,218 4,072 2,752 1,898 908
Volvo Penta 626 541 825 578 (230) 928 1,173 1,105 943 940 695
Volvo Aero – 767 360 286 50 359 529 359 836 403 (44)
Customer Finance 1,522 1,492 969 167 (680) 1,397 1,649 1,686 2,033 1,365 926
Other (3,557) (1,217) (1,408) (102) (994) (731) (762) (684) (598) 923 (3,142)
Operating income (loss)
Volvo Group 7,138 17,622 26,899 18,000 (17,013) 15,851 22,231 20,399 18,153 14,679 2,504
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 Volvo Aero was divested October 1, 2012.
5 Operating income in 2013 includes a revaluation of neg 1,500 related to Volvo
Rents, reported in Other.
Number of employees at year-end
Number1, 2, 3 2013 2012 2 011 2010 2009 2008 2007 2006 2005 2004 2003
Trucks 58,542 61,256 62,315 57,796 56,505 64,280 64,390 49,900 50,240 49,450 46,900
Buses 6,648 7,514 8,529 8,685 9,541 8,930 9,290 7,760 7,710 7,700 6,680
Construction Equipment 14,663 14,788 18,422 16,648 16,126 19,810 19,710 11, 0 5 0 10,290 9,930 9,280
Volvo Penta 1,412 1,361 2,549 2,353 2,928 2,940 3,000 1,650 1,560 1,580 1,440
Volvo Aero – – 3,179 3,120 3,278 3,510 3,550 3,510 3,460 3,350 3,440
Financial Services 1,355 1,362 1,323 1,235 1,234 1,290 1,150 1,010 1,070 1,100 1,060
Other 12,913 12,436 1,845 572 596 620 610 8,310 7,530 7,970 6,940
Volvo Group, total 95,533 98 ,717 98,162 90,409 90,208 101,380 101,700 83,190 81,860 81,080 75,740
1 As of 2007, employees in business units are allocated to the business areas.
2 As of 2009 regular employees are shown, previously temporary employees were also included.
3 As of 2012, employees in business units are not allocated to the business areas.
Environmental performance of Volvo production plants, Industrial operations
Absolute values related to net sales 2013 201212011 2010
Energy consumption (GWh; MWh/SEK M) 2,536; 9.6 2,518; 8.6 2,471; 8.1 2,315; 9.0
CO2 emissions (1,000 tons; tons/SEK M) 280; 1.1 235; 0.8 255; 0.8 279; 1.1
Water consumption (1,000 m3; m3/SEK M) 5,815; 21.9 7,372; 25.2 7,970; 26.2 7,519; 29.2
NOx emissions (tons; kilos/SEK M) 347; 1.3 413; 1.4 474; 1.6 719; 2.8
Solvent emissions (tons; kilos/SEK M) 2,221; 8.4 2,358; 8.1 2,554; 8.4 2,294; 8.9
Sulphur dioxide emissions (tons; kilos/SEK M) 23.4; 0.1 26; 0.1 34; 0.1 33; 0.1
Hazardous waste (tons; kg/SEK M) 28,395; 107.0 32,547; 111.4 25,943; 85.5 22,730; 88
Net sales, SEK bn 265.4 292.2 303.6 257.4
1 Restated according to new accounting rules.
2 Excluding UD Trucks and Ingersoll Rand Road Development.
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FINANCIAL INFORMATION 2013