Scania Interim Report January-March 2003

"In Europe, demand softened in March, due to the war in Iraq. In Latin America, the market
is stabilising. In other markets, demand was largely unchanged. Due to macroeconomic developments, the risk for subdued demand for trucks and buses is increasing, and consequently, we remain cautious regarding our earnings for the rest of the year," says Leif Östling, President and CEO.