“Scania performed well in the first quarter despite lower delivery volumes,” says Christian Levin, President and CEO of Scania and of owner group Traton, in a press release.
Scania's sales decreased by 8 percent to SEK 44.9 billion compared to the same period last year. Profitability, measured as adjusted operating margin, was 11.0 percent, in line with the same quarter a year ago.
Scania's deliveries decreased by 6 percent to 20,978 vehicles, of which 19,484 were trucks and 1,494 were buses. Order intake increased by 10 percent to 27,318 vehicles.
The company points to negative currency effects and supply chain constraints as challenges, among other things. Strong demand in Europe at the beginning of the year waned due to economic uncertainty linked to the war in Iran, according to the company.
“Our focus on building resilience, including by accelerating our presence in China, strengthening efficiency and competitiveness, is yielding results and helping us navigate a turbulent environment,” says Christian Levin.
Scania's owner Traton, in turn, reported an adjusted operating profit of EUR 582 million for the first quarter of the year. Revenue fell by 4 percent to EUR 10.2 billion. The result was better than analysts' expectations, while sales were slightly worse.
Order intake for the entire group reached 87,775 vehicles, an increase of 18 percent compared to the same period last year.
