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Last $29.85 USD
Change Today 0.00 / 0.00%
Volume 0.0
As of 4:30 PM 05/28/14 All times are local (Market data is delayed by at least 15 minutes).

scania ab-b shs (SVKBF) Snapshot

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scania ab-b shs (SVKBF) Details

Scania AB (publ) manufactures and sells heavy trucks, buses, and engines worldwide. The company offers trucks for long-haulage, distribution, construction, and special-purpose applications; buses and coaches for public transport operators and coach companies; engines for industrial, marine, and power generation applications; and trucks for mining applications, as well as provides used vehicles. Scania AB (publ) also offers financing solutions for new or used vehicles, bodywork, trailers, ancillary equipment, and modifications; and insurance solutions. In addition, it provides repair and maintenance; vehicle parts; workshop; driver training, support, and coaching; fleet management; tachograph; and vehicle rental services, as well as operates Webshops that offer a selection of merchandise. The company was founded in 1891 and is headquartered in Södertälje, Sweden. Scania AB (publ) operates as a subsidiary of Volkswagen AG.

42,475 Employees
Last Reported Date: 04/23/15
Founded in 1891

scania ab-b shs (SVKBF) Top Compensated Officers

Acting Chief Executive Officer, Acting Presid...
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President of Scania Latin America Llda
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Head of Sales & Marketing, Executive Vice Pre...
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Head of Commercial Operations, Executive Vice...
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Compensation as of Fiscal Year 2014.

scania ab-b shs (SVKBF) Key Developments

Scania AB (publ) Reports Consolidated Earnings Results for the First Quarter Ended March 31, 2015

Scania AB reported consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company’s operating income decreased by 1% to SEK 2,245 million compared to SEK 2,257 million a year ago. Net sales rose by 6% to SEK 22,321 million compared to SEK 21,126 million a year ago. Positive currency rate effects were offset by lower vehicle deliveries, mainly attributable to Latin America and Eurasia. Income before taxes was SEK 2,158 million against SEK 2,109 million a year ago. Net income for the period was SEK 1,700 million against SEK 1,557 million a year ago. Net income for the period was SEK 1,700 million compared to SEK 1,557 million a year ago. Net income attributable to scania shareholders was SEK 1,698,000 compared to SEK 1,556,000 a year ago. Cash flow from operating activities was SEK 2,659 million compared to SEK 2,330 million a year ago. Net investments, vehicles and services were SEK 1,585 million against SEK 1,378 million a year ago.

Scania Announces Management Changes

Martin Lundstedt, President and CEO has decided to leave Scania. Per Hallberg, Executive Vice President, Head of Production and Logistics, will be appointed acting President and CEO. He will keep his current management responsibilities as well. He has been a member of the company's executive management since 2001.

Scania AB Enters Partnership with Hyundai Heavy Industries to Supply Engines

Scania AB announced that it will supply engines for next-generation large excavators and wheel loaders made by Hyundai Heavy Industries' Construction Equipment division, under a new partnership. According to Scanai, under this partnership, it will supply engines from its complete range of 9-litre, 13-litre and 16-litre models. A particular focus will be on meeting what is currently the most stringent emission standard, Tier 4f. Equipment that meets Tier 2 and Tier 3 emission standards will also be introduced. Reportedly, the first piece of Scania-powered Hyundai construction equipment to be launched will be the HX520 excavator. It is powered by a 13-litre Scania Tier 4f engine capable of producing 331 kW. Also, three further excavator models powered by Scania engines will be launched, namely the HX480, powered by a 13-litre engine, and the HX700 and HX900, both powered by a 16-litre V8 engine. Two wheel loader models will also be launched, including the HL970 and the HL980, which are powered by a 9-litre and a 13-litre engine, respectively.


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