Correction of previous press release

The press release that was published earlier today on 26 July 2024 at 08:00 CET has been updated with the right cash flow figures for Vehicles and Services as it previously showed the cash flow figures for Scania Group. The rest of the press release is unchanged.

Strong financial performance in the second quarter, with significant growth in sales and earnings.

• Scania Group net sales grew by 9 percent to SEK 55.4 billion (51.0)

• Adjusted operating income reached SEK 8.0 billion (7.0) and adjusted operating margin was 14.5 percent (13.6)

• Vehicle deliveries increased by 8 percent to 25,802 vehicles, whereof Zero Emission Vehicles (ZEV) amounted to 62 units (71)

• Cash flow amounted to a negative SEK 459 million (7,557) in Vehicles and Services

• Revenue from the service business increased by 3 percent adjusted for currency effects

• Order intake decreased by 3 percent to 19,234 vehicles, whereof Zero Emission Vehicles amounted to 141 units (54)

Scania continued its strong financial performance in the second quarter, driven by increased vehicle sales and a growing service business. Vehicle deliveries increased by 8 percent, reducing the order backlog to more normal levels.

“With higher delivery volumes and a favourable product and price mix, we once again achieved a record operating income for a single quarter”, Christian Levin, President and CEO of Scania comments on the quarter.

Scania’s vehicle order intake saw a slight decline of 3 percent in the second quarter.

“In Europe, the truck market has returned to more normalised demand levels. While the replacement need remains, high interest rates cause customers to be more cautious with their purchases. In Latin America, the strong development in Brazil is continuing” says Levin.

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 2023, we delivered 91,652 trucks, 5,075 buses and 13,871 industrial and marine power systems to our customers. Our total net sales in 2023 were more than SEK 204 billion, of which about 20 percent related to services. Founded in 1891, Scania now operates in more than 100 countries and employs some 58,000 people. Research and development is carried out globally, and our main site is located in Södertälje, Sweden. Production takes place in Europe and Latin America with regional product centres in Africa and Asia. Scania is part of TRATON GROUP. For more information visit: www.scania.com.