The press release that was published earlier today on
26 July 2024 at 08:00 CET has been updated with the right cash
flow figures for Vehicles and Services as it previously showed the
cash flow figures for Scania Group. The rest of the press release
is unchanged.
SÖDERTÄLJE, Sweden,
July 26,
2024 /PRNewswire/ -- Strong financial performance in
the second quarter, with significant growth in sales and
earnings.
- Scania Group net sales grew by 9 percent to SEK 55.4 billion (51.0)
- Adjusted operating income reached SEK
8.0 billion (7.0) and adjusted operating margin was 14.5
percent (13.6)
- Vehicle deliveries increased by 8 percent to 25,802 vehicles,
whereof Zero Emission Vehicles (ZEV) amounted to 62 units (71)
- Cash flow amounted to a negative SEK 459
million (7,557) in Vehicles and Services
- Revenue from the service business increased by 3 percent
adjusted for currency effects
- Order intake decreased by 3 percent to 19,234 vehicles, whereof
Zero Emission Vehicles amounted to 141 units (54)
Scania continued its strong financial performance in the second
quarter, driven by increased vehicle sales and a growing service
business. Vehicle deliveries increased by 8 percent, reducing the
order backlog to more normal levels.
"With higher delivery volumes and a favourable product and price
mix, we once again achieved a record operating income for a single
quarter," Christian Levin, President
and CEO of Scania comments on the quarter.
Scania's vehicle order intake saw a slight decline of 3 percent
in the second quarter.
"In Europe, the truck market has returned to more normalised
demand levels. While the replacement need remains, high interest
rates cause customers to be more cautious with their purchases. In
Latin America, the strong
development in Brazil is
continuing," says Levin.
For more information, please contact:
Erik
Bratthall
Corporate Public and Media Relations
managererik.bratthall@scania.com
This information was brought to you by Cision
http://news.cision.com
https://news.cision.com/scania/r/correction-of-previous-press-release,c4018933
The following files are available for download:
https://news.cision.com/scania/i/scania-interim-report,c3321707
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scania-interim-report
|
https://mb.cision.com/Public/209/4018933/ac18b90e582b8cd2.pdf
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Scania Interim report
Q2 2024- corrected
|
View original
content:https://www.prnewswire.com/news-releases/correction-scania-interim-report-january-june-2024-302207466.html
SOURCE Scania