Scania Interim Report January–March 2013

Scania's earnings for the first quarter of 2013 amounted to SEK 1,933 m. The stronger Swedish krona and price pressure on trucks pulled down earnings. Higher truck volume and higher capacity utilisation in Latin America had some positive effect.

Summary of the first three months of 2013

  • Operating income fell to SEK 1,933 m. (2,323), and earnings per share fell to SEK 1.75 (2.24)
  • Net sales fell by 4 percent to SEK 19,341 m. (20,127)
  • Cash flow amounted to SEK 4 m. (1,763) in Vehicles and Services

Comments by Martin Lundstedt, President and CEO
“Scania's earnings for the first quarter of 2013 amounted to SEK 1,933 m. The stronger Swedish krona and price pressure on trucks pulled down earnings. Higher truck volume and higher capacity utilisation in Latin America had some positive effect. Order bookings for trucks remained at the same level as the end of last year while they increased significantly compared to the first quarter of 2012. Order bookings in Europe improved compared to the previous quarter. There is a replacement need, given the low truck deliveries in recent years. Scania is well-positioned ahead of the transition to Euro 6 emission standards and has launched the Scania Streamline truck with improved fuel economy, featuring second generation Euro 6 engines. Order bookings in Latin America remained at a high level. Demand in Brazil and Argentina is supported by subsidies. In both Europe and Brazil, Scania’s performance has been stronger than the overall market in recent quarters. In Russia, order bookings were at a good level and in the Middle East order bookings improved from a low level. Order bookings for buses and coaches rose significantly. Scania was awarded large orders in Russia and Asia. In engines, order bookings increased compared to the end of last year, especially in Europe. In local currencies, service sales increased somewhat in most regions during the quarter. Lower economic activity continued to adversely impact service demand in southern Europe. The stronger Swedish krona and price pressure on vehicles are increasing the focus on efficiency. European production was adjusted during the first quarter and a general review of projects and costs was conducted. In the longer term, there are good growth opportunities. Scania will therefore continue to prioritise investments in core development projects and will extend technical production capacity, as well as expanding the sales and services organisation in emerging markets.”

Please see the attached PDF for more information.

Contact persons
Per Hillström
Investor Relations
Tel. +46 8 553 502 26
Mobile tel. +46 70 648 30 52

Erik Ljungberg
Corporate Relations
Tel. +46 8 553 835 57
Mobile tel. +46 73 988 35 57


Scania is one of the world’s leading manufacturers of trucks and buses for heavy transport applications, and of industrial and marine engines. Service-related products account for a growing proportion of the company’s operations, assuring Scania customers of cost-effective transport solutions and maximum uptime Scania also offers financial services. Employing some 38,600 people, the company operates in about 100 countries. Research and development activities are concentrated in Sweden, while production takes place in Europe and South America, with facilities for global interchange of both components and complete vehicles. In 2012, net sales totalled SEK 79.6 billion and net income amounted to SEK 6.6 billion. Scania press releases are available on www.scania.com

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About Us

Scania is a world-leading provider of transport solutions. Together with our partners and customers we are driving the shift towards a sustainable transport system. In 2016, we delivered 73,100 trucks, 8,300 buses as well as 7,800 industrial and marine engines to our customers. Net sales totalled nearlySEK 104 billion, of which about 20 percent were services-related. Founded in 1891, Scania now operates in more than 100 countries and employs some 46,000 people. Research and development are concentrated in Sweden, with branches in Brazil and India. Production takes place in Europe, Latin America and Asia, with regional production centres in Africa, Asia and Eurasia. Scania is part ofVolkswagen Truck & Bus GmbH. For more information visit www.scania.com.