Scania’s latest interim report states that net sales rose to a record high SEK 28.4bn and earnings for the first quarter reached SEK 3,081m.
Higher vehicle and service volumes were partly offset by the high investment level related to Scania’s new truck generation.
In the first three months of 2017:
- Operating income rose by 35% to SEK 3,081m (2,275).
- Net sales increased by 23% to SEK 28,411m (23,056).
- Cash flow amounted to SEK 2,351m (133) in Vehicles and Services.
Order bookings for buses and coaches during the first quarter of 2017 rose compared to the previous year to 2,637 (2,246) units.
Scania’s market share in buses and coaches in Europe amounted to 7.5% for the period compared to 6.5% during the year-earlier period.
In Europe, order bookings fell and totalled 573 (639) units in the first quarter. Order bookings fell mainly in Denmark, Italy and Sweden.
In Latin America, order bookings fell by 12% to 864 (984) units compared to the first quarter of 2016.
In Asia, order bookings rose to 967 (392) buses and coaches compared to the first quarter of 2016, mainly related to Iran. Order bookings in Eurasia fell compared to the year-earlier period.
Order bookings in Africa and Oceania rose to 209 (201) buses and coaches.
Scania’s bus and coach deliveries totalled 1,594 (1,361) units during the first quarter. In Europe, deliveries increased by 15% to 460 (400) units compared to the first quarter of 2016.
In Latin America, deliveries were up by 16% to 415 (357).
In Asia, deliveries rose by 42% to 550 (388), while deliveries of buses and coaches in Africa and Oceania fell during the first quarter to 155 (203) units. Deliveries to Eurasia increased marginally.
Net sales of buses and coaches rose by 20% to SEK 2,016m (1,679) during the first quarter.
Henrik Henriksson, President and CEO, commented: “Scania’s net sales rose to a record high SEK 28.4bn and earnings for the first quarter reached SEK 3,081m.
“In buses and coaches, demand was strong in Asia, mainly related to Iran.
“Service revenue amounted to a record high SEK 5,849m (5,152), an increase of 14%. Scania’s revenue generated directly or indirectly from the 250,000 connected vehicles in the Scania fleet is constantly increasing.
“Connectivity is an important component, which is enabling Scania to offer customers more efficient services aimed at improving their profitability.
“Whether trough fuel-efficient diesel vehicles or through alternative fuels, sustainability and profitability go hand-in-hand, according to Scania.
“Apart from offering the industry’s most energy-efficient powertrains, Scania is also making dedicated efforts to reduce transport companies’ dependence on fossil fuels.
“Scania has the market’s broadest range of hybrids and engine alternatives for every commercially available biofuel.
“All of Scania’s standard vehicles may be operated using biodiesel and up to 100% hydrotreated vegetable oil (HVO).”
