Scania unveils incentive programme
At today's board meeting, Scania's Board of Directors decided to introduce an incentive programme for some 70 high-level executives and managers. Incentives will be payable in equity-related instruments such as options and share index bonds, and will be based on the change in Scania Group net income between 1997 and 1996 after subtracting expenses for shareholders' equity. The expense for 1997 is not expected to exceed SEK 10m. The programme will be based on existing shares and will therefore not result in any dilution that affects existing shareholders.
For further information, please contact Lars Christiansson, Senior Vice President, Communications and Public Affairs, tel +46 8 5538 1212, mobile tel. +46 70 590 50 80.Scania is one of the world's leading manufacturers of trucks and buses for heavy transport applications, and of industrial and marine engines. With 22,200 employees and production facilities in Europe and Latin America, Scania is one of the most profitable companies in its sector. In 1996, turnover totalled approx. SEK 33,700 million and profits after depreciation approx. SEK 2,700 million. Scania products are marketed in about 100 countries worldwide and approximately 95% of total production is sold outside Sweden.