Production rate somewhat lower in Q1 '97
"The road transport strikes in France during the end of November have severely affected French hauliers as well as foreign hauliers in transit. The uncertainty about the short-term demand in France for heavy commercial vehicles has increased. Deliveries of approximately 350 trucks produced in November at Scania's French factory in Angers for the sales networks in France, Spain and Italy have been delayed into December. The effects of this delay could influence fourth quarter sales and earnings".
"Scania has decided to reduce the rate of heavy truck production in Europe somewhat during the first quarter of 1997 to balance the delayed deliveries and the more uncertain market situation. Compared to the first quarter of 1996, the planned rate is about 15 percent lower in the European production," said Scania's President and CEO Leif Östling in conjunction with a press meeting in São Paulo, Brazil.
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Scania is one of the world's leading manufacturers of trucks and buses for heavy transport applications, and of industrial and marine engines. With 22,000 employees and production facilities in Europe and Latin America, Scania is one of the most profitable companies in its sector. In 1995, turnover totalled approx. SEK 34,800 million and profits after depreciation approx. SEK 4,800 million. Scania products are marketed in about 100 countries worldwide and approximately 95% of total production is sold outside Sweden.