Scania interim report January-March 2023

Strong performance despite continuing macroeconomic and geopolitical uncertainty. Transport activity remained high in general, as did demand. 

• Scania’s net sales grew by 42 percent to SEK 45.8 billion (32.2)
• Operating margin was 13.5 percent (7.5)
• Cash flow amounted to SEK 4.9 billion (-1.2) in Vehicles and Services
• Vehicle deliveries increased by 36 percent to 22,626
• Deliveries of Zero Emission Vehicles (ZEV) increased by over 300 percent from low levels to 74 (24)

Overall global truck demand remains at a high level in Scania’s key markets, with the exception of Latin America where the weakening economy is affecting demand. For Scania’s buses and coaches, demand is gradually coming back from low levels after being hit hard by the pandemic. Order intake for Power Solutions is at an all-time high, driven by the strong momentum among OEMs. The high activity levels in the quarter were reflected in the service sales, which grew by 15 percent adjusted for currency.

“Despite continuing macroeconomic and geopolitical uncertainty, transport activity remained high, as did demand for our products. Our efforts to stabilise the production system have paid off, and I am proud to see Scania’s volumes to our customers are increasing in the first quarter. The higher volumes and improved capacity utilisation in production impacted operating income positively”, CEO Christian Levin comments.

For further information, please contact:
Erik Bratthall, Corporate Public and Media Relations Manager
Phone: +46 76 724 45 27, e-mail: erik.bratthall@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 2022, we delivered 80,238 trucks, 4,994 buses as well as 13,400 industrial and marine power systems to our customers. Net sales totalled to over SEK 170 billion, of which over 20 percent were service-related. Founded in 1891, Scania now operates in more than 100 countries and employs nearly 57,000 people. Research and development are mainly concentrated in 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