Scania Interim Report January–June 2014
Scania's earnings for the first half of 2014 amounted to SEK 4,276 m. Higher service volume was offset by a weaker market mix and negative currency rate effects. Total order bookings for trucks during the second quarter were at a high level.
“Europe will rebound”
The European market has started a little better than expected. There were concerns before 2014 about how demand would be affected by last year’s pre-buys of Euro 5 trucks, but the pre-buy effect was shorter than feared. “We are now seeing a gradual return to more ‘normal’ levels of demand,” says Bengt Thorsson, Executive Regional Director, European Region at Scania.
Scania Value Quarter 1 2014
The latest edition of Scania Value focuses on services ‒ an area where Scania believes there will be growth and where the company is now taking a broader approach with new packages of services. The magazine also contains an interview with Scania’s Bengt Thorsson, Executive Regional Director, European Region, who believes that the European market will rebound during 2014. One of the drivers of this trend is that the average age of Europe’s truck population has increased – which means that there is a replacement need.