Scania Annual Report 2002
Scania’s Annual Report for 2002 has been published today, is being distributed to the shareholders and is available at Scania's Head Office.
The report spells out in detail why Scania is one of the most profitable companies in the industry. It also presents Scania’s customers and their demands, and describes how Scania is meeting them.
Other topics covered in relative depth in the report include the work of the Board, the remuneration of top management and Scania’s role in society.
In the section dealing with the remuneration of top management (note 24), the report notes:
• that the CEO’s salary in 2003 will be SEK 5.8 million;
• that Scania Group Management do not benefit from stock option schemes, except for the employee stock option held by the President and CEO;
• that the Board’s remuneration committee consisted of Dr. Bernd Pischetsrieder (chairman), Clas Åke Hedström, Peggy Bruzelius and Rolf Stomberg.
The Annual Report is available on Scania’s website at www.scania.com . Click on www.scania.com/ir/Reports/ to access the report in a customised web format, including direct links to updated financial and market statistics.
For further information, please contact:
- Magnus Hahn, Business Communications, tel. +46 8 55383510
- Gunnar Boman, Business Communications, tel + 46 8 55389510
Scania is one of the world's leading manufacturers of trucks and buses for heavy transport applications, and of industrial and marine engines. With 28,200 employees and production facilities in Europe and Latin America, Scania is one of the most profitable companies in its sector. In 2002, turnover totalled SEK 47,000 million and the result after financial items was SEK 3,700 million. Scania products are marketed in about 100 countries worldwide and some 95 percent of Scania’s vehicles are sold outside Sweden.