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.