Board of Directors withdraws dividend proposal

The Board of Directors of Scania unanimously has decided to withdraw the dividend proposal to the annual shareholder meeting. 

There is still great uncertainty about the full effect of the spread of the Coronavirus and its consequences for global demand. Therefore and as additional financial precaution in the ongoing crisis, the Board of Directors is proposing that the annual shareholder meeting withholds the payment of dividend for 2019. 

Scania’s annual shareholder meeting will be held on June 25. 

For further information, please contact:

Karin Hallstan, Head of Corporate Communication & PR
Tel: +46 76 842 81 04
E-mail: karin.hallstan@scania.com 

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 2019, we delivered 91,700 trucks, 7,800 buses as well as 10,200 industrial and marine engines to our customers. Net sales totalled to over SEK 152 billion, of which about 20 percent were services-related. Founded in 1891, Scania now operates in more than 100 countries and employs some 51,000 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 of TRATON SE. For more information visit: www.scania.com.