Scania Moves Forward

Scania reported an operating profit of SEK 506 m. during the first quarter. Falling vehicle deliveries and substantially lower capacity utilisation pulled down earnings. Practically all markets where Scania has operations are characterised by low economic activity due to the turbulence in the financial markets and its impact on the real economy. Scania Group has taken a number of steps to adjust its cost level and to strengthen cash flow. Most of the 2,000 production employees with fixed term temporary contracts have left the company, a reduction to 10,000 employees in the production units and working hours have been reduced to mainly daytime shifts. At present, Scania foresees no change in the demand for vehicles in the coming quarters.

Scania is one of the world’s leading manufacturers of trucks and buses for heavy transport applications, and of industrial and marine engines. Employing 35,000 people, Scania operates in about 100 countries.

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