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Scania Interim Report January–June 2013

  Scania Interim Report January–June 2013

Business Wire

SÖDERTÄLJE, Sweden -- July 19, 2013

Regulatory News:

Scania’s (STO:SCVA) (STO:SCVB) earnings for the first half of 2013 fell to SEK
3,971 m. The stronger Swedish krona and a competitive pricing environment
pulled down earnings. Higher vehicle volume and better capacity utilisation
had a positive effect.

Summary of the first six months of 2013

  *Operating income fell to SEK 3,971 m. (4,257), and earnings per share fell
    to SEK 3.47 (4.06)
  *Net sales rose by 7 percent to SEK 42,139 m. (39,338)
  *Cash flow amounted to SEK 744 m (1,769) in Vehicles and Services

Comments by Martin Lundstedt, President and CEO:

“Scania’s earnings for the first half of 2013 fell to SEK 3,971 m. The
stronger Swedish krona and a competitive pricing environment pulled down
earnings. Higher vehicle volume and better capacity utilisation had a positive
effect. Scania’s order bookings in Europe continued to improve during the
second quarter. The economic climate remains uncertain, but there is a
replacement need. Demand is also supported by customers that are investing in
Euro 5 vehicles before year-end, when the transition to the Euro 6 emission
standard will occur. In some markets there is a demand for Euro 6, and Scania
is well-positioned due to the launch of its second-generation Euro 6 engines.
The company’s market share in Europe has increased, among other things thanks
to its leading position in Euro 6. In Latin America, too, Scania has captured
market shares. Order bookings in Brazil and Argentina remained at a high
level. Order bookings for buses and coaches outside Europe were at a good
level. In engines, order bookings increased compared to the first quarter,
related to America. Scania is continuing to develop its service business and
volume is increasing, but the stronger krona is adversely affecting revenue.
In southern Europe, lower economic activity is also negatively impacting
service demand. In light of improved order bookings in Europe, Scania will
increase its daily production rate during the third quarter in order to
maintain short delivery times. A further increase is planned, starting in the
fourth quarter. Scania is continuing its efforts to expand annual technical
production capacity towards 120,000 vehicles. To strengthen competitiveness,
the level of activity related to development projects remains high, at the
same time as Scania is expanding the sales and service organisation in
emerging markets.”

For more information please see the pdf version on the following link:
http://mb.cision.com/Main/209/9443614/144066.pdf

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

Contact:

Contact persons
Per Hillström
Investor Relations
Tel. +46 8 553 502 26
Mobile tel. +46 70 648 30 52

Erik Ljungberg
Corporate Relations
Tel. +46 8 553 835 57
Mobile tel. +46 73 988 35 57
 
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