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SCANIA INTERIM REPORT JANUARY – MARCH 1997

Three-month results in brief:

  • Number of trucks and buses sold: 10,159 (January-March 1996: 11,691).
  • Sales: SEK 8,804 m. (8,726) [USD 1,160 m. (1,150)].
  • Operating income: SEK 642 m. (1,229), equivalent to a margin of 7.3 (14.1) percent.
  • Income after financial items: SEK 577 m. (1,113) [USD 76 m. (147)]
  • Net income: SEK 420 m. (792).
  • Earnings per share: SEK 2.10 (3.95) [USD 0.28 (0.52)].
  • Earnings per share according to U.S. GAAP: SEK 3.40 (3.95) [USD 0.43 (0.50)].
  • Return on shareholders’ equity: 18.1 (40.4) percent.

The market in brief:

  • Scania’s market share for heavy trucks in western Europe was 16.1 (16.6) percent.
  • Scania’s order bookings from western European markets declined by 3 percent.
  • The western European market totalled 38,600 (46,600) heavy trucks.
  • In Brazil, Scania’s market share was 43.2 (39.4) percent and the market expanded by 20 percent.
  • Order bookings for buses increased.

 

Comment by Leif Östling, President and CEO:

“ The western European market development remains hard to assess. The increase in order bookings during March could indicate that the market is on its way towards a turnaround. Given our new product generation and the continued streamlining of our European production system, we are well positioned to respond to an upturn.”

For further information, please contact:

Questions from the media:
Lars Christiansson, Communications and Public Affairs Tel +46 8 5538 1212, mobile tel +46 70 590 50 80
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Questions from investors and analysts:
Cecilia Andersson, Investor Relations Tel +46 8 5538 3557, mobile tel +46 70 588 35 57