First half 1999

First half 1999 During the first half of 1999, the number of units sold increased by 1 percent to 24,869 (24,710). The Group's sales in terms of value increased by 6 percent to SEK 23,419 m (22,027). The operating income for the first half of 1999 increased by 53 percent to SEK 2,503 (1,639), corresponding to an operating margin of 10.7 (7.4) percent. Further information will be released in connection with the full report later during the day. The previously announced press conference at the Sheraton Hotel, Stockholm, at 14:30 is cancelled. Scania is one of the world's leading manufacturers of trucks and buses for heavy transport applications, and of industrial and marine engines. With 23,600 employees and production facilities in Europe and Latin America, Scania is one of the most profitable companies in its sector. In 1998, turnover totalled SEK 45,300 million and income after financial items SEK 3,200 million. Scania products are marketed in about 100 countries worldwide and approximately 96 percent of total production is sold outside Sweden. Scania press releases are available on the Internet, www.scania.com ------------------------------------------------------------ Please visit http://www.bit.se for further information The following files are available for download: http://www.bit.se/bitonline/1999/08/06/19990806BIT00100/bit0001.doc http://www.bit.se/bitonline/1999/08/06/19990806BIT00100/bit0002.pdf