Scania owner: Unexpectedly strong quarter

The truck manufacturer Scania's owner Traton exceeds market expectations for operating result and cash flow, reports Dagens industri.

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Scania owner: Unexpectedly strong quarter
Photo: Claudio Bresciani / TT

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Traton's adjusted operating result for the third quarter amounted to 1.1 billion euros (approximately 12.6 billion kronor), an increase of 19 percent compared to last year. The adjusted operating margin increased from 8.4 percent last year to 9.6 percent this year. The cash flow amounted to 1.3 billion euros, almost a doubling compared to 649 million euros last year.

The company, which is presenting its interim report for the third quarter on Friday, states that the market expected an adjusted operating result of 1.0 billion euros, an adjusted operating margin of 8.7 percent, and a cash flow of 808 million euros.

"This was mainly due to faster-than-expected recovery effects at International Motors in connection with delivery problems for mirrors, as well as a better price/product mix at Scania Vehicles & Services", the company writes in a press release.

However, they are sticking to their forecast for the full year 2024.

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By TTEnglish edition by Sweden Herald, adapted for local and international readers

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