Scania spices up its 2024 financial report – with several records – with a record bonus of 62,500 kronor to 20,000 employees in production, research, and development. The total amount – which is part of the net profit for the year – lands at 1.25 billion in employee bonuses.
Union representatives welcome the bonus announcement.
"This shows how much the employees' efforts are appreciated by Scania," writes representatives for IF Metall, Unionen, Akademikerföreningen, and Ledarna in a comment published internally at Scania.
Creates uncertainty
They can also be reassured that Scania seems to be doing well right now – primarily in South America, but also on the European market.
2025 looks a bit tougher. But we're trying to continue to deliver good results, so that we can afford to invest, says Scania CEO Christian Levin to TT.
The geopolitical uncertainty is spreading concern – especially in North America.
It naturally creates uncertainty among buyers of industrial goods, and many customers are choosing to wait. They think the situation is too uncertain. And that's never good for us, he says.
But when it comes to Scania and Europe, he sees a light in the tunnel.
We see a positive sentiment on the market and many customers who have chosen to bring forward orders now in January and February – and actually in December as well. So we're actually seeing increased order intake during the first months of the year in Europe.
Weakening in the USA
He doesn't know if it's just Scania or the entire European automotive industry.
But if we talk globally and I put on my Traton hat, we see a weakening in the USA, where customers are waiting and wanting to understand what the new government wants. And they're wondering if inflation in the USA is on the rise and if the central bank has stopped lowering interest rates.
And if you look at Asia, China is very, very depressed. We got the lowest total market in modern times in China in 2024. So it's not an easy world to navigate right now.
The adjusted operating margin for 2025 is expected to land somewhere in the range of 7.5-8.5 percent. This was slightly lower than the average forecast among analysts, which was 8.7 percent according to Bloomberg – which disappointed the market.
The share in Traton – which also includes truck manufacturer International, with direct exposure to tariffs between the USA and Mexico – falls by over 3 percent after the financial report.
Joakim Goksör/TT
Facts: Scania's quarterly report in numbers
TT
For Södertälje-based Scania – part of the Traton group – the full-year 2024 is summarized in a financial report with new records in terms of profit, revenue, and delivery volumes.
For the fourth quarter of last year, Scania reports an adjusted operating result of 668 million euros, up from 644 million euros the year before. Scania's revenue fell to 5.0 billion euros, down from 5.2 billion euros.
The order intake for Scania during the fourth quarter of last year totals 24,599 vehicles, up from 22,299 the year before. Deliveries fell marginally to 28,014 vehicles, down from 28,984 vehicles.
The entire Traton group's order intake for the fourth quarter of 2024 fell to 73,806 vehicles, down from 75,187 during the corresponding quarter the year before.
But the adjusted operating result rose to 1.21 billion euros, up from 1.16 billion euros the year before. And deliveries during the quarter also increased, albeit marginally, to 88,831 vehicles.
