PRESSRELEASE | All press releases
14 April 1999 12:00 CET
Preliminary first quarter report
Against the background of the current strong focus on the Scania share and the development of the company, the Board of Scania has found it essential to give an indication of Scania’s results for the first quarter as soon as possible.
During the first quarter of 1999, compared to the same quarter 1998, deliveries of Scania vehicles increased by 11 percent to 12,910 (11,669) trucks and buses. Group sales increased by 13 percent to SEK 11,779 m. compared with the first quarter of 1998.
The result before taxes for the first quarter of 1999 increased to SEK 1,110 m. compared with SEK 552 m. for the first quarter of 1998.
Further information will be given in conjunction with the complete first-quarter report, which will be issued on 28 April.
Scania is one of the world’s leading manufacturers of trucks and buses for heavy transport applications, and of industrial and marine engines. A growing proportion of the company’s operations consists of products and services in the financial and service sectors, assuring Scania customers of cost-effective transport solutions and maximum uptime. Employing 35,000 people, Scania 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 2007, invoiced sales totalled SEK 84.5 billion and net income amounted to SEK 8.6 billion. Scania press releases are available at www.scania.com