SCANIA YEAR-END REPORT – JANUARY – DECEMBER 2004

“Scania had a successful year in 2004 and strengthened the company as supplier of heavy vehicles and services. Truck deliveries were high, and sales of buses as well as industrial and marine engines reached record levels. Net income rose by 34 percent to SEK 4,077 m. (3,034), equivalent to earnings per share of SEK 20.39 (15.17). The operating margin was 11.2 percent,” says Leif Östling, President and CEO.

2004 IN BRIEF Full year Change Q4 Units 2004 2003 in % 2004 2003 Trucks and bus chassis – Order bookings 59,981 48,746 23 15,429 13,749 – Deliveries 56,082 49,955 12 16,862 14,486 Revenues and earnings SEK m. (unless otherwise stated) EUR m.* · Revenue 6,305 56,788 50,581 12 16,264 13,995 Operating income, Vehicles and Service 654 5,887 4,759 24 1,953 1,399 Operating income, Customer Finance 50 450 366 23 115 90 Operating income 704 6,337 5,125 24 2,068 1,489 Income before taxes 668 6,014 4,604 31 2,006 1,400 · Net income 453 4,077 3,034 34 1,315 915 Operating margin, in percent 11.2 10.1 12.7 10.6 Return on equity, in percent 20.8 17.4 Return on capital employed, Vehicles and Service, in percent 28.1 22.0 · Earnings per share, SEK 20.39 15.17 6.58 4.57 Cash flow excluding Customer Finance 298 2,685 2,450 956 1,534 Number of employees, 31 December 29,993 29,112 Number of shares: 200 million * Translated to euros solely for the convenience of the reader at a balance sheet date exchange rate of SEK 9.0070 = EUR 1.00. Unless otherwise stated, all comparisons in brackets refer to the same period of last year. This report is also available at www.scania.com Contact persons: Cecilia Edström, Corporate Relations tel. +46 8 5538 3557 mobile tel. +46 70 588 3557 Eric Österberg, Corporate Communications tel. +46 8 5538 5883 mobile tel. +46 70 590 0599 Torbjörn Boije, Corporate Control tel. +46 8 5538 2228 mobile tel. +46 70 591 5016