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Changes in Volvo Group financial reporting

As of January 1, 2012, the Volvo Group has introduced a new functional organization, which better utilizes the global potential of the Group’s brands and products, and a new financial framework to reflect the changes in the organization. The new framework impacts to some extent how revenues and expenses are reported between the different reportable segments. However, the Volvo Group’s consolidated net sales and operating income remains unchanged. Financial information for 2011 has been restated to facilitate comparison.

The reportable segments remain the same, but some revenues and expenses have been transferred between the different segments as a result of the new organization. Some expenses have also been been reclassified within the income statement.

Restated income statements and details on the impact on the Volvo Group’s reportable segments are attached.

Excel files are available for download on volvogroup.com.

April 5, 2012

Reporters who want more information, please contact Christer Johansson
+46 31 66 13 34 or +46 739 02 25 22.