The market can rejoice in the interim report's tables that the future looks fairly bright – despite all uncertainty surrounding the Trump administration's tariffs and geopolitical unrest in the world.
We're starting to see how things are getting stuck in the supply chains. Some products are getting caught between China and the USA, says Christian Levin, who is the CEO of Scania and the group CEO of the German parent company Traton.
He also notes that a hesitation has begun to creep in among customers, even in Europe.
It's still at a good level, but the increase has slowed down.
Taking market shares
For Scania, the order intake increases significantly in the first quarter, 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.
The clear order increase points to a recovery later this year, and the group confirms the prognosis for the whole of 2025. Moreover, revenues from service operations are increasing.
"We continued to take market shares on a highly competitive market. Even though deliveries decreased, we see the strong order intake as a positive sign. We're keeping our ear to the ground to be able to be flexible in an unpredictable world", says Christian Levin, who is both CEO of Scania and group CEO of Traton.
Scania's market share 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.
