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Scania Interim Report January–March 2013

  Scania Interim Report January–March 2013

Business Wire

SÖDERTÄLJE, Sweden -- April 23, 2013

Regulatory News:

Scania (STO:SCVA)(STO:SCVB):

Scania's earnings for the first quarter of 2013 amounted to SEK 1,933 m. The
stronger Swedish krona and price pressure on trucks pulled down earnings.
Higher truck volume and higher capacity utilisation in Latin America had some
positive effect.

Summary of the first three months of 2013

  *Operating income fell to SEK 1,933 m. (2,323), and earnings per share fell
    to SEK 1.75 (2.24)
  *Net sales fell by 4 percent to SEK 19,341 m. (20,127)
  *Cash flow amounted to SEK 4 m. (1,763) in Vehicles and Services

Comments by Martin Lundstedt, President and CEO “Scania's earnings for the
first quarter of 2013 amounted to SEK 1,933 m. The stronger Swedish krona and
price pressure on trucks pulled down earnings. Higher truck volume and higher
capacity utilisation in Latin America had some positive effect. Order bookings
for trucks remained at the same level as the end of last year while they
increased significantly compared to the first quarter of 2012. Order bookings
in Europe improved compared to the previous quarter. There is a replacement
need, given the low truck deliveries in recent years. Scania is
well-positioned ahead of the transition to Euro 6 emission standards and has
launched the Scania Streamline truck with improved fuel economy, featuring
second generation Euro 6 engines. Order bookings in Latin America remained at
a high level. Demand in Brazil and Argentina is supported by subsidies. In
both Europe and Brazil, Scania’s performance has been stronger than the
overall market in recent quarters. In Russia, order bookings were at a good
level and in the Middle East order bookings improved from a low level. Order
bookings for buses and coaches rose significantly. Scania was awarded large
orders in Russia and Asia. In engines, order bookings increased compared to
the end of last year, especially in Europe. In local currencies, service sales
increased somewhat in most regions during the quarter. Lower economic activity
continued to adversely impact service demand in southern Europe. The stronger
Swedish krona and price pressure on vehicles are increasing the focus on
efficiency. European production was adjusted during the first quarter and a
general review of projects and costs was conducted. In the longer term, there
are good growth opportunities. Scania will therefore continue to prioritise
investments in core development projects and will extend technical production
capacity, as well as expanding the sales and services organisation in emerging
markets.”

Please see the attached PDF for more information:
http://mb.cision.com/Main/209/9404649/115504.pdf

Scania is one of the world’s leading manufacturers of trucks and buses for
heavy transport applications, and of industrial and marine engines.
Service-related products account for a growing proportion of the company’s
operations, assuring Scania customers of cost-effective transport solutions
and maximum uptime Scania also offers financial services. Employing some
38,600 people, the company operates in about 100 countries. Research and
development activities are concentrated in Sweden, while production takes
place in Europe and South America, with facilities for global interchange of
both components and complete vehicles. In 2012, net sales totalled SEK 79.6
billion and net income amounted to SEK 6.6 billion. Scania press releases are
available on www.scania.com(http://www.scania.com/se)

This information was brought to you by Cision http://news.cision.com

Contact:

Scania
Per Hillström
Investor Relations
Tel. +46 8 553 502 26
Mobile tel. +46 70 648 30 52
or
Erik Ljungberg
Corporate Relations
Tel. +46 8 553 835 57
Mobile tel. +46 73 988 35 57
 
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