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SCANIA YEAR-END REPORT – JANUARY – DECEMBER 2004

“Scania had a successful year in 2004 and strengthened the company as supplier of heavy vehicles and services. Truck deliveries were high, and sales of buses as well as industrial and marine engines reached record levels. Net income rose by 34 percent to SEK 4,077 m. (3,034), equivalent to earnings per share of SEK 20.39 (15.17). The operating margin was 11.2 percent,” says Leif Östling, President and CEO.

2004 IN BRIEF Full year Change Q4Units 2004 2003 in % 2004 2003Trucks and buschassis – Order bookings 59,981 48,746 23 15,429 13,749– Deliveries 56,082 49,955 12 16,862 14,486Revenues andearningsSEK m.(unlessotherwisestated) EUR m.* · Revenue 6,305 56,788 50,581 12 16,264 13,995Operatingincome,VehiclesandService 654 5,887 4,759 24 1,953 1,399Operatingincome,CustomerFinance 50 450 366 23 115 90Operatingincome 704 6,337 5,125 24 2,068 1,489Incomebeforetaxes 668 6,014 4,604 31 2,006 1,400· Netincome 453 4,077 3,034 34 1,315 915Operatingmargin, inpercent 11.2 10.1 12.7 10.6Return onequity, inpercent 20.8 17.4 Return oncapitalemployed,VehiclesandService,in percent 28.1 22.0 · Earningsper share,SEK 20.39 15.17 6.58 4.57Cash flowexcludingCustomerFinance 298 2,685 2,450 956 1,534Number ofemployees,31December 29,993 29,112 Number of shares: 200 million * Translated to euros solely for the convenience of the reader at abalance sheet date exchange rate of SEK 9.0070 = EUR 1.00.Unless otherwise stated, all comparisons in brackets refer to the sameperiod of last year.This report is also available at www.scania.comContact persons:Cecilia Edström, Corporate Relations tel. +46 8 5538 3557mobile tel. +46 70 588 3557Eric Österberg, Corporate Communications tel. +46 8 5538 5883mobile tel. +46 70 590 0599Torbjörn Boije, Corporate Control tel. +46 8 5538 2228mobile tel. +46 70 591 5016