There was an upswing in global economic growth in 2017. Scania enjoyed record net sales and volumes, with rising demand for our trucks, buses and coaches, services and engines, driven by a positive development in most regions.
Total vehicle deliveries and service sales reached all-time high levels and Scania’s net sales rose to a record level in 2017.
Scania’s operational performance was strong during the year despite going throug the biggest industrial changeover in the company’s history. The operating margin increased to 10.4 percent in 2017.
Number of employees
At the end of 2017 the number of employees had increased by 3,020 people compared to the end of 2016.
Connected Scania vehicles
The number of connected vehicles is steadily increasing, enabling Scania to further optimise customer solutions.
Vehicles and services
In 2017 Scania delivered 90,777 trucks and buses, an increase of 12 percent from 2016. The total number of trucks delivered accounted for 82,472, compared with 73,093 in 2016, a 13 percent increase and the company’s highest-ever figure to date. The number of buses and coaches delivered was 8,305, up by 1 percent from the 8,253 in 2016. Demand for Scania’s services remains good and with higher volumes in all regions, the service revenue increased by 10 percent to SEK 23.7 billion. In local currency the revenue increase was 8 percent. In the Engines business area, the total number of deliveries for 2017 rose by 9 percent to 8,521 units (7,800).
Operating income in Financial Services for 2017 increased to SEK 1,274 m. (1,015). A larger portfolio and currency effects had a positive impact on earnings, while lower margins and increased operating costs had a negative impact.
Production and environment
During 2017, Scania produced 95,781 vehicles (83,940). Quality and delivery precision improved.
Research and Development
Scania maintains a high level of investments to strengthen the product portfolio in the coming years. In 2017, investments in research and development amounted to SEK 7.5 billion (7.2), which corresponded to 6.3 percent of net sales.
Read more – How Scania performed in 2017