Södertälje, Sweden
Photo: Dan Boman 2015
Yesterday Scania presented their Q2 report. Sales during first half of 2016 reached a record level:
Scania’s sales reached an all-time high at SEK 50.1
billion and the company showed a strong operational
performance in the first half of 2016. Higher vehicle
volume in Europe and increased service revenue had a
positive impact on earnings while currency rate effects
and lower deliveries in Latin America impacted negatively.
The high investment level related to Scania’s investment
in a new truck generation also had an impact on earnings.
Scania’s market share in Europe continued on a high level
and amounted to 17.1 percent during the first half of 2016,
compared to 17.2 percent in 2015. The replacement need
and economic situation in Europe continues to have a
positive impact on demand for trucks. The weak
performance continued in Latin America, primarily related
to Brazil. In Eurasia, Russia now appears to have
bottomed out at a low level. However, the outlook for
Brazil and Russia is still uncertain.
Full report can be found here: