The market can rejoice in the interim report's tables that the future looks fairly bright. The order intake is rising sharply, up 23 percent to 24,762 vehicles for Scania. The same trend is seen for the German sister company MAN.
"Despite challenges, the order intake continued to develop positively during the quarter. The strong order intake in Europe compensated for a seasonal decline in Brazil", writes Scania in a press release.
Taking market shares
The clear order increase points to a recovery later this year, and the group confirms the forecast for the whole of 2025. Furthermore, revenues from service operations are increasing.
"We continued to take market shares on a highly competitive market. Although deliveries decreased, we see the strong order intake as a positive sign. We keep our ear to the ground to be flexible in an unpredictable environment", says Christian Levin, who is CEO of both Scania and the German parent company Traton - a listed part of the Volkswagen empire.
The market share of Södertälje-based Scania on the important home market in Europe continued to increase to 18.8 percent in the quarter, up from 18.6 percent.
Operating margin is pressed down
However, net sales in the first quarter of the year fell 11 percent to 48.9 billion kronor, while delivery volume fell 16 percent to 22,244 vehicles.
And the adjusted operating result became a profit of 5.1 billion, down from 8.0 billion - a profit decrease of 36 percent. And the so-called operating margin, cleared of comparative distortions, was pressed down to 10.5 percent, from 14.5 percent.
