"Order intake for trucks increased sharply, mainly due to high activity in Brazil through the Move Brazil loan program and the continued ramp-up of the NEXT ERA range for tractor units in China," Scania writes in a press release.
“Truck deliveries also increased compared with the same period last year. The delivery flow has improved after the challenges that characterised the beginning of the year,” Scania adds.
Net sales during the quarter rose 6 percent to SEK 53.1 billion, while the operating margin according to an adjusted measure rose to 11.6 percent, up from 9.8 percent.
The operating margin shows operating profit as a percentage of net sales.
Deliveries during the quarter rose 7 percent to 26,274 vehicles.
Scania's listed owner Traton, which also owns German truck manufacturer MAN, is raising the floor in its forecast for adjusted operating margin for the full year. The forecast is now at 6.3–7.3 percent, compared with the previous 5.3–7.3 percent.
The forecast for sales this year is also being adjusted. It is now 0.0–7.0 percent, compared with the previous minus 5.0–plus 7.0 percent.
In the first half of the year, Traton's operating profit fell 22 percent to 975 million euros. This was a better result than the average forecast of 855 million euros according to Bloomberg.
