SODERTALJE, Sweden, July 23, 2003 (PRIMEZONE) -- Scania (OtherOTC:SVKBF): "Although the profit development has been satisfactory, the growth of the economies in Scania's main markets in western Europe continued to deteriorate, and our order bookings declined. Outside western Europe, demand improved and compensated for the volume drop in that region. However, most of the vehicles sold to markets outside western Europe are lower-specified ones and thus contribute less to profits. Overall, we remain cautious regarding the outlook during the rest of the year," says Leif Ostling, President and CEO.
FIRST HALF IN BRIEF First half Change Q2
in %
Units 2003 2002 2003 2002
Trucks and buses
- Order bookings 24,885 24,244 3 11,310 11 509
- Deliveries 24,475 21,096 16 12,736 11 056
Revenues and earnings
SEK m. (unless otherwise
stated)
Revenue, Scania Group 25,019 23,456 12,843 10,969
Revenue in divested car - 0 - 1,146
operations
Revenue, Scania Products 25,019 23,456 7 12,843 12 115
Operating income, Vehicles and 2,557 1,561 64 1,336 913
Service
Operating income, Customer 176 166 6 94 85
Finance
Operating income, Scania 2,733 1,727 58 1,430 998
products
Operating income in divested - 550 - 509
car operations
Operating income, Scania Group 2,733 2,277 1,430 1,507
Income before taxes 2,439 1,930 26 1,290 1,366
Net income 1,624 1,459 13 844 1,076
Operating margin, Scania 10.9 7.4 11.1 8.2
products, percent
Return on equity, percent1 17.6 10.6
Return on capital employed, 20.7 11.8
Vehicles and Service, percent1
Earnings per share, SEK 8.12 7.30
Cash flow excluding Customer 553 988 379 858
Finance and
divestments/acquisitions of
companies
Number of employees, 30 June 28,658 27,775
Number of shares: 200 million
1 Calculations are based on rolling 12-month income.
Unless otherwise stated, all comparisons in brackets refer to the same
period of last year.
This report is also available at www.scania.com
Sodertalje, 23 July 2003
LEIF OSTLING President and CEO
This Interim Report has not been subjected to special review by the company's auditors.
Contact persons:
Johan Haeggman, Corporate Relations tel. +46-8 5538 0053,
mobile tel. +46-70 383 5200
Magnus Hahn, Business Communications tel. +46-8 5538 3510,
mobile tel. +46-70 551 7903
Joanna Daugaard, Investor Relations tel. +46-8 5538 3716,
mobile tel. +46-70 518 3716
Torbjorn Boije, Corporate Control tel. +46-8 5538 2228,
mobile tel. +46-70 591 5016
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