Scania interim report January-September 2023
Scania reports another quarter of strong performance, reflecting sustained demand for our products and services in a challenging business environment.
• Scania’s net sales grew by 19 percent to SEK 47.4 billion (39.8) in the third quarter 2023
• Adjusted operating margin was 11.5 percent (7.7)
• Deliveries decreased by 1 percent to 21,293 vehicles
• Deliveries of Zero Emission Vehicles (ZEV) decreased by 24 percent to 44 (58)
• The service business increased by 9 percent adjusted for currency
• Order intake increased by 19 percent to 23,083 vehicles
Scania continued to perform strongly in the third quarter, growing both vehicle and service revenue. Net sales increased by 19 percent to SEK 47.4 billion and with adjusted operating income of SEK 5.5 billion, adjusted operating margin rose to 11.5 percent (7.7). Despite continued disruptions in delivery flows and cost inflation, margins increased thanks to Scania’s strong commercial focus.
“Overall global demand remains at a high level for Scania’s vehicles and services. In Europe, we see a slightly lower transport activity in some markets and that demand is weakening somewhat due to high interest rates and inflation. In Latin America, demand is developing positively mainly driven by Brazil and Mexico,” CEO Christian Levin comments.
Erik Bratthall
Corporate Public and Media Relations manager
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
