Scania Interim Report January–September 2016

Posted on 29. Oct, 2016 by in Volkswagen Canada

Summary of a initial 9 months of 2016

• Operating income amounted to SEK 3,733 m. (7,046), and was negatively impacted
   by a sustenance of SEK 3.8 billion associated to a European Commission’s competition
   investigation
• Operating income incompatible equipment inspiring comparability rose by 7 percent to
   SEK 7,533 m. (7,046) , ensuing in an handling domain of 10.0 (10.1) percent
• Net sales rose by 8 percent to SEK 75,209 m. (69,686)
• Cash upsurge amounted to SEK -192 m. (1,220) in Vehicles and Services

Comments by Henrik Henriksson, President and CEO

“Scania’s sales reached SEK 75.2 billion in a initial 9 months of 2016 and a company’s underlying operational opening was strong. Higher car volume in Europe and increasing use income was partly equivalent by disastrous banking rate effects and reduce deliveries in Latin America. Earnings were impacted negatively by a high investment turn associated to Scania’s new lorry generation. Scania’s position in a European marketplace remained clever with a marketplace share of around 17 percent. The deputy need and mercantile conditions in Europe continues to have a certain impact on direct for trucks. Order bookings in Latin America continued during a low level, and Brazil is still uncertain. In Eurasia, sequence bookings increasing rather and Russia appears to have bottomed out. Scania increasing a marketplace share in Buses and Coaches in Europe to 7.6 percent, compared to 6.9 percent in 2015. Demand for buses and coaches is high in Europe, Latin America and Asia. In Engines, direct stays during a comparatively low level. Service income amounted to a record SEK 15.8 billion during a initial 9 months of 2016, an boost of 3 percent and of 7 percent in internal currency. Financial Services showed a clever opening and patron remuneration ability is good. Scania launched a new lorry era during a third entertain of 2016. It has been really definitely perceived and a S array has been inaugurated a prestigious “International Truck of a year 2017″. The jury’s proclivity emphasised motorist comfort, reserve aspects and fuel assets for hauliers of 5 percent. Together with Scania’s recently introduced choice to use vehicles formed on stretchable upkeep skeleton − a use done probable by continual monitoring of connected vehicles’ handling information − Scania Maintenance is reaching an wholly new level. Through a good understanding of precision, a car can accept accurately a upkeep it needs to spend some-more time generating income and reduction time during a workshop.”

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