Scania interim report January-March 2024 – Scania

Strong sales, record high earnings and growing market shares as the rollout of Scania Super continues.

• Scania’s net sales increased by 20 percent to SEK 55.1 billion (45.8)

• Adjusted operating profit amounted to SEK 8.0 billion (6.2) and adjusted operating margin was 14.5 percent (13.5)

• Vehicle deliveries increased by 17 percent to 26,496 vehicles, of which 47 (74) were zero-emission vehicles

• Cash flow within vehicles and services amounted to SEK 7.1 billion (5.0)

• Sales of services increased by 3 percent adjusted for currency effects

• Order intake for trucks increased by 7 percent to 20,171 vehicles, of which 133 (47) were zero-emission vehicles

Global demand for trucks remains stable and is supported by sustained utilization and a need to replace the truck fleet. The recovery in Latin America, mainly driven by the strong development in the agricultural and mining sectors in Brazil, continued and more than compensated for the somewhat more normalized market demand in Europe.

Scania’s extensive work to create a more resilient flow from order to delivery of vehicles has resulted in increased volume, shorter lead times and improved delivery precision. Profitability was positively affected by the increased volume and improved capacity utilization.

– Scania’s sales were strong and we are delivering our best operating profit ever during a quarter. This success is due to high production volumes with deliveries increasing by 17 percent compared to last year. In addition, the rollout of our fuel-efficient Scania Super has increased our market shares, comments CEO Christian Levin.

For more information, please contact:

Erik Bratthall
Corporate Public and Media Relations manager
[email protected]

Scania is a world-leading supplier of transport solutions. Together with our partners and customers, we drive the transition to a sustainable transport system. In 2023, we delivered 91,652 trucks, 5,075 buses and 13,871 industrial and marine engines to our customers. Net sales amounted to more than SEK 204 billion, of which around 20 percent was service-related. Scania was founded in 1891 and today operates in more than 100 countries and has approximately 58,000 employees. Research and development is conducted globally, with the hub in Södertälje. Manufacturing takes place in Europe and Latin America, with regional product centers in Africa and Asia. Scania is part of the TRATON GROUP. For more information visit: www.scania.com.