AB Volvo Introduces New Organization

AB Volvo announced that as of January 1, 2012, it 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 remain 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 reclassified within the income statement.