Scania regains Most Traded status
“It is clear that the ownership stalemate of recent years inhibited share liquidity. To us at Scania, it’s a boost that our shares are once again among the most traded on the Stockholm Stock Exchange.” So says Scania CEO Leif Östling, commenting on the return of the company to the Most Traded list on the Stockholm Stock Exchange.
Trading in Scania shares has increased sharply following Volvo’s divestment of its holding in Scania in accordance with the European Commission’s decision of March 2000. Since 8 March this year, an average of 26,700 Scania A shares and 1,170,000 B shares per day have been traded on the Stockholm exchange. Trading in Scania B shares has grown by 1,000 percent compared with 2003 as a whole.
Scania’s shareholders now number almost 44,000, of which the ten biggest account for 54.6% of the share capital and 85.4% of the voting strength. The total of 200 million Scania shares consists of 100 million A shares and 100 million B shares.
Visit www.scania.com/ir for detailed statistics of the ownership structure of Scania as of 28 May 2004.
For further information, please contact Hans-Åke Danielsson, Press Manager, tel. +46-8-553 856 62.
Scania is one of the world's leading manufacturers of trucks and buses for heavy transport applications, and of industrial and marine engines. With 29,1 00 employees and production facilities in Europe and Latin America, Scania is one of the most profitable companies in its sector. In 2003, turnover totalled SEK 50,500 million and the result after financial items was SEK 4,600 million. Scania products are marketed in about 100 countries worldwide and some 95 percent of Scania’s vehicles are sold outside Sweden.
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[N04016SE] H-Å Danielsson