Scania Interim Report January–September 2013

  Scania Interim Report January–September 2013

Scania's earnings for the first nine months of 2013 fell to SEK 5,939 m.
Higher vehicle volume and better capacity utilisation had a positive effect.

Business Wire

SÖDERTÄLJE, Sweden -- October 23, 2013

Regulatory News:

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

Summary of the first nine months of 2013

  *Operating income fell to SEK 5,939 m. (6,135), and earnings per share fell
    to SEK 5.30 (5.94)
  *Net sales rose by 8 percent to SEK 61,864 m. (57,261)
  *Cash flow amounted to SEK 1,362 m. (2,176) in Vehicles and Services

Comments by Martin Lundstedt, President and CEO:

“Scania's earnings for the first nine months of 2013 fell to SEK 5,939 m.
Higher vehicle volume and better capacity utilisation had a positive effect.
The stronger krona had a negative impact and earnings were also pulled down by
a competitive pricing environment. Order bookings for trucks in Europe
continued to improve during the third quarter. Demand has been supported by
customers that are investing in Euro 5 vehicles before year-end, when the
transition to Euro 6 will occur. There is also a replacement need. Scania has
a strong position with its broad engine range and the launch of its
second-generation Euro 6 engines. The company’s market share in Europe has
increased during the period, among other things thanks to its leading position
in Euro 6. In Latin America too, Scania has captured market shares. Order
bookings in Latin America remained at a good level but decreased compared to
the high level of the previous quarters. Order bookings for buses and coaches
fell related to Latin America and Asia. In Engines, order bookings increased
in Europe compared to the second quarter, driven by investments ahead of the
transition to the new emission standard in 2014. Scania is continuing its
long-term efforts to boost market share in Services. Service revenue rose by 9
percent in local currency during the third quarter. Scania has raised its
daily production rate in Europe while increasing flexibility at its production
units. There are good growth opportunities and the expansion of annual
technical production capacity towards 120,000 vehicles is continuing. To
strengthen competitiveness, the level of activity related to development
projects remains high, at the same time as Scania is expanding its sales and
service capacity in emerging markets.”

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
 
Press spacebar to pause and continue. Press esc to stop.