Scania reported record operating income and earnings per share for 2010. Net sales increased 26% to SEK 78.2 billion as deliveries of trucks and buses rose 47% to 63,712 vehicles. Order bookings increased 91% overall. Operating income was SEK 12.7 billion, up from SEK 2.4 billion in 2009. The board proposes a dividend of SEK 5.00 per share, up from SEK 1.00 last year. Scania increased production and hiring to meet strong demand, especially in Latin America.
Scania Interim Report January-September 2010Scania Group
Scania reported strong financial results for the first three quarters of 2010 compared to 2009. Operating income rose to SEK 9,021 million from SEK 1,042 million in the same period last year. Net sales increased 27% to SEK 55,663 million. Order bookings increased 110% to 52,452 vehicles. The president noted higher vehicle deliveries and increased production capacity utilization contributed to improved results compared to 2009, which was negatively impacted by low production rates and currency hedging effects. Demand has increased in Latin America, Asia, and is recovering in Europe.
Scania Interim Report January-June 2010Scania Group
Scania reported strong financial results for the first half of 2010, with operating income rising to SEK 5,632 million and earnings per share rising to SEK 4.75. Net sales increased 23% to SEK 37,105 million, driven by higher vehicle volume and increased capacity utilization. Order bookings rose 159% due to recovering demand in Europe and strong growth in Latin America and Asia. Cash flow amounted to SEK 5,993 million for the vehicles and services segment.
Scania Interim Report January-March 2010Scania Group
- Scania's operating income rose to SEK 2,130 m in Q1 2010 compared to SEK 506 m in Q1 2009 due to improved capacity utilization and cost reductions.
- Net sales increased 4% to SEK 16,503 m as order bookings rose 166% and deliveries increased 6%.
- Cash flow amounted to SEK 2,366 m, decreasing Scania's net debt by SEK 5.7 billion. Demand was strong in Brazil and Asia while recovering in Europe.
Scania Interim Report January-March 2011Scania Group
- Scania's operating income rose to SEK 3,339 million in Q1 2011 compared to SEK 2,130 million in Q1 2010, and earnings per share rose to SEK 3.14 from SEK 1.78. Net sales increased 25% to SEK 20,692 million.
- Truck and bus order bookings increased 20% to 19,457 vehicles while deliveries increased 60% to 19,065 vehicles. The production rate leveled off compared to the second half of 2010 as Scania prioritizes short delivery times.
- Scania unveiled trucks meeting upcoming Euro 6 emission standards, cutting nitrogen oxide and particulate emissions by 80% compared to current Euro 5 standards.
Summary of the full year 2011
Operating income fell to SEK 12,398 m. (12,746), and earnings per share rose to SEK 11.78 (11.38)
Net sales increased by 12 percent to SEK 87,686 m. (78,168)
The Board of Directors proposes a dividend of SEK 5.00 (5.00) per share
Scania Interim Report January-September 2011Scania Group
Scania reported higher earnings for the first nine months of 2011 compared to the same period in 2010, with operating income rising to SEK 9,657m and earnings per share rising to SEK 9.11. However, demand for vehicles decelerated in late Q3, particularly in Southern Europe and the Middle East. As a result, Scania will reduce its daily global production rate by 10-15% starting in November to better match demand. Overall, net sales increased 16% to SEK 64,795m for the first nine months, with order bookings up 16% as well, though cash flow declined 54% over the same period.
Scania Interim Report January-June 2011Scania Group
Scania reported strong financial results for the first half of 2011, with operating income rising 18% to SEK 6,652m and earnings per share increasing to SEK 6.18. Net sales increased 18% to SEK 43,665m. Order bookings grew 14% while deliveries increased 42%. Higher volumes were offset by currency effects and costs. Scania is investing to increase production capacity and flexibility to support continued growth.
Scania Interim Report January–June 2012Scania Group
Summary of the first six months of 2012
Operating income fell to SEK 4,257 m. (6 652), and earnings per share fell to SEK 4.06 (6.18)
Net sales decreased by 10 percent to SEK 39,338 m. (43,665)
Cash flow amounted to SEK 1,769 m (3,218) in Vehicles and Services
Scania Interim Report January-September 2010Scania Group
Scania reported strong financial results for the first three quarters of 2010 compared to 2009. Operating income rose to SEK 9,021 million from SEK 1,042 million in the same period last year. Net sales increased 27% to SEK 55,663 million. Order bookings increased 110% to 52,452 vehicles. The president noted higher vehicle deliveries and increased production capacity utilization contributed to improved results compared to 2009, which was negatively impacted by low production rates and currency hedging effects. Demand has increased in Latin America, Asia, and is recovering in Europe.
Scania Interim Report January-June 2010Scania Group
Scania reported strong financial results for the first half of 2010, with operating income rising to SEK 5,632 million and earnings per share rising to SEK 4.75. Net sales increased 23% to SEK 37,105 million, driven by higher vehicle volume and increased capacity utilization. Order bookings rose 159% due to recovering demand in Europe and strong growth in Latin America and Asia. Cash flow amounted to SEK 5,993 million for the vehicles and services segment.
Scania Interim Report January-March 2010Scania Group
- Scania's operating income rose to SEK 2,130 m in Q1 2010 compared to SEK 506 m in Q1 2009 due to improved capacity utilization and cost reductions.
- Net sales increased 4% to SEK 16,503 m as order bookings rose 166% and deliveries increased 6%.
- Cash flow amounted to SEK 2,366 m, decreasing Scania's net debt by SEK 5.7 billion. Demand was strong in Brazil and Asia while recovering in Europe.
Scania Interim Report January-March 2011Scania Group
- Scania's operating income rose to SEK 3,339 million in Q1 2011 compared to SEK 2,130 million in Q1 2010, and earnings per share rose to SEK 3.14 from SEK 1.78. Net sales increased 25% to SEK 20,692 million.
- Truck and bus order bookings increased 20% to 19,457 vehicles while deliveries increased 60% to 19,065 vehicles. The production rate leveled off compared to the second half of 2010 as Scania prioritizes short delivery times.
- Scania unveiled trucks meeting upcoming Euro 6 emission standards, cutting nitrogen oxide and particulate emissions by 80% compared to current Euro 5 standards.
Summary of the full year 2011
Operating income fell to SEK 12,398 m. (12,746), and earnings per share rose to SEK 11.78 (11.38)
Net sales increased by 12 percent to SEK 87,686 m. (78,168)
The Board of Directors proposes a dividend of SEK 5.00 (5.00) per share
Scania Interim Report January-September 2011Scania Group
Scania reported higher earnings for the first nine months of 2011 compared to the same period in 2010, with operating income rising to SEK 9,657m and earnings per share rising to SEK 9.11. However, demand for vehicles decelerated in late Q3, particularly in Southern Europe and the Middle East. As a result, Scania will reduce its daily global production rate by 10-15% starting in November to better match demand. Overall, net sales increased 16% to SEK 64,795m for the first nine months, with order bookings up 16% as well, though cash flow declined 54% over the same period.
Scania Interim Report January-June 2011Scania Group
Scania reported strong financial results for the first half of 2011, with operating income rising 18% to SEK 6,652m and earnings per share increasing to SEK 6.18. Net sales increased 18% to SEK 43,665m. Order bookings grew 14% while deliveries increased 42%. Higher volumes were offset by currency effects and costs. Scania is investing to increase production capacity and flexibility to support continued growth.
Scania Interim Report January–June 2012Scania Group
Summary of the first six months of 2012
Operating income fell to SEK 4,257 m. (6 652), and earnings per share fell to SEK 4.06 (6.18)
Net sales decreased by 10 percent to SEK 39,338 m. (43,665)
Cash flow amounted to SEK 1,769 m (3,218) in Vehicles and Services
Color Group AS is the parent company of Color Line AS, Norway's largest and one of Europe's leading short-sea cruise and freight shipping companies. Color Line operates six vessels on four international services between ports in Norway, Sweden, Denmark and Germany, carrying close to 4.1 million passengers and over 172,000 freight units in 2011. While reporting operating revenues of almost NOK 4.6 billion, Color Line recorded a pre-tax profit of NOK 78 million, which includes an exceptional provision of approximately NOK 150 million relating to a decision by the EFTA Surveillance Authority. Color Group AS is wholly owned by O. N. Sunde AS, which is owned by Olav Nils Sunde and his
- Scania's operating margin and net margin increased in the first nine months of 2008 compared to the same period in 2007. Net sales rose 11% while order bookings declined 29% due to lower demand in Europe.
- Earnings per share increased and the forecast for higher full-year 2008 earnings remains unchanged. However, due to lower order bookings and higher inventories, Scania will adjust production rates.
- Service revenue continued to show strong growth of 8%, while trucks deliveries increased 4% and various restructuring efforts are expected to generate annual cost savings of SEK 300 million from 2009.
Scania Interim Report January-September 2012Scania Group
Scania's operating income fell 39% to SEK 5.7 billion in the first nine months of 2012 due to lower vehicle volumes, lower capacity utilization, and higher costs. Net sales decreased 12% to SEK 57.3 billion. Order bookings for trucks declined compared to the previous quarter due to lower economic activity and hesitancy among customers in Europe. The outlook for the truck market, particularly in Europe, remains uncertain.
The interim report summarizes the company's financial performance in the first half of 2008. Key points include record profitability with an operating margin of 16.6% and net margin of 12.1%. Vehicle and service sales grew 15% and 30% respectively. Earnings per share increased 36% to SEK 12.52. The outlook predicts earnings in 2008 will be higher than 2007 due to continued strong demand outside of Europe.
1) Scania reported all-time high earnings in 2008 with operating income of SEK 12,512 million. However, deliveries declined 18% in Q4 as the company adjusted production rates due to decreased demand in Europe.
2) While the trucks and services segment grew profits through price increases, this was partially offset by negative impacts from lower deliveries, used vehicles, raw materials, and R&D spending.
3) Scania's flexible production system and focus on reducing inventory and postponing investments helped cash flow, but tied up capital increased with capacity investments. Outlook for 2009 is uncertain due to rapid demand fall in Q4 and high industry inventory levels.
Scania Interim Report January - March 2012Scania Group
Scania's operating income fell to SEK 2,323 m in Q1 2012 compared to SEK 3,339 m in Q1 2011 due to lower vehicle deliveries and capacity utilization as well as higher costs for future projects. Net sales decreased 3% to SEK 20,127 m. Order bookings for trucks were in line with 2011 levels but decreased for buses/coaches, while service demand remained high driven by an aging vehicle population in Europe. Scania adjusted production rates in response to lower demand and will invest in an Indian facility to start local assembly and improve service.
Treasury minister's presentation to Chamber of Commerce 27 june 2012States of Jersey
The document outlines Senator Philip Ozouf's three-part plan to address Jersey's £100 million deficit:
1. Raising £35 million more from taxation measures
2. Finding £65 million in savings by 2013
3. Promoting economic growth
It then provides background on Jersey's budget and actual revenue and expenditure over time, showing recurring deficits. Charts show income and spending trends and the depletion of stabilization reserves to cover deficits. The document concludes with next steps in debating and passing the fiscal plan.
This document summarizes an interim report from a company for the first three quarters of 2008:
- Profits were at an all-time high with an operating margin of 15.8% and high returns. Revenue also grew 11% with EBIT growth of 25% and ROCE of 50.5%.
- Vehicle deliveries increased 4% while delivery times shortened. The service business also grew, capitalizing on the substantial vehicle population.
- Strong EBIT growth was driven by higher volumes, prices, and improved product mix. Cash flow increased but tied-up working capital grew due to volume and inventory increases.
- The financial services portfolio grew 8% in local currencies while bad debt provisions increased
The document summarizes Tele2's financial and operational results for the third quarter of 2009. It reports that all regions performed solidly, with continued growth in customer numbers in Nordic, Russia, and Central Europe. Russia added over 1 million new customers, including 742,000 from new regions launched in the quarter. The financial review shows increased sales and profits compared to the same period last year.
презентация для инвесторов, ноябрь декабрь 2010evraz_company
This document provides an overview of Evraz Group, a leading global steel and mining company, for a November-December 2010 corporate presentation. It highlights 1H 2010 financial results including a 38% increase in revenue and 147% increase in EBITDA compared to 1H 2009. The mining segment saw revenue double and EBITDA quadruple due to rising iron ore and coal prices. Recent market developments such as capacity utilization rates and trends in steel and raw material prices are also summarized.
1) Scania reported record earnings in the first half of 2008, with operating margin reaching 16.6% and net margin at 12.1%.
2) Scania is pursuing profitable growth through increasing vehicle and service sales. Revenue grew 15% while EBIT grew 30% in the first half of 2008.
3) Scania's vision is to reach annual production of 150,000 vehicles while maintaining a flexible cost structure and focus on customer productivity and uptime.
Tele2 reported financial results for Q4 2007. Key points include:
- Revenues increased 7.4% to 10.4 billion SEK due to growth in mobile (+19.1%) and broadband (+18.4%) offsetting a decline in fixed telephony (-16.8%).
- EBITDA grew 3.9% to 1.6 billion SEK.
- Divestments of operations in Italy, Spain, Belgium and Hungary were completed. The Austrian MVNO operation was also announced for divestment.
- Mobile operations continued to drive growth with a customer intake of 714,000 and revenues increasing 19% to 6 billion SEK.
Highlights of the second quarter of 2009. Net sales amounted to SEK 27,482m (25,587) and income for the period to SEK 658m (99), or SEK 2.32 (0.36) per share. Net sales declined by 8.4%, in comparable currencies, due to continued sharp market downturn in Electrolux main markets.
Wermuth asset management investor trip, 20 октября 2010evraz_company
The document summarizes Wermuth Asset Management's investor trip on 20 October 2010. It includes a disclaimer on the information provided, an overview of Evraz Group as a leading global steel and mining company, and highlights of Evraz's financial and operational performance in 1H 2010. The document also discusses Evraz's growth strategy, key investment projects, and market developments for steel and raw materials.
Duratex reported financial results for the first quarter of 2007 with increases in key metrics such as net revenues, EBITDA, and net income compared to the first quarter of 2006. Net revenues totaled R$356.5 million, an 8% increase, while EBITDA reached R$120.6 million for a 34% margin. Duratex also announced planned capital expenditures of R$850 million between 2007 and 2009 for expanding production capacity across its wood and tile divisions.
презентация для инвесторов, февраль 2011evraz_company
- The document is a corporate presentation from Evraz Group SA that provides an overview of the company, its operations, financial highlights, and outlook.
- Evraz is a leading global steel and mining company with operations in Russia, Ukraine, USA, and Kazakhstan. In 2010, it produced 16.3 million tons of crude steel.
- In 1H 2010, Evraz's revenue increased 38% year-over-year to $6.4 billion due to higher sales volumes and prices. Its EBITDA more than doubled to $1.2 billion.
- Looking ahead, Evraz expects demand for its construction products to increase driven by large-scale infrastructure projects in Russia, such as the 2014 Sochi
презентация для инвесторов, январь 2011evraz_company
- Evraz is a world-class steel and mining company and one of the largest steel producers globally.
- In 1H2010, Evraz's revenue increased 38% compared to 1H2009 due to higher sales volumes and steel prices. EBITDA more than doubled.
- Higher iron ore, coal, and scrap prices increased steelmakers' costs in 1H2010, but Evraz significantly offset this through production efficiencies and cost control measures.
- Rockwool International A/S reported financial results for the first half of 2012, with sales increasing 9% compared to the same period in 2011.
- EBIT increased 46% to DKK 430 million, driven by growth in both the Insulation and Systems segments.
- The company expects full-year 2012 sales to increase at least 5% and confirms earnings guidance of DKK 650-700 million.
Scania’s earnings for the first quarter of 2013 amounted to SEK 1,933 m. The stronger Swedish krona and price pressure on trucks pulled down earnings. Higher truck volume and higher capacity utilisation in Latin America had some positive effect.
Scania Year-end Report, January-December 2012Scania Group
Scania's earnings and sales declined in 2012 compared to 2011. Operating income fell 33% to SEK 8,300m and net sales decreased 9% to SEK 79,603m. Order bookings for trucks rose in Q4 2012 driven by strong demand in Brazil, while order bookings in Europe remained low. Scania reduced production rates in Europe in early 2013 and took measures to improve efficiency and adjust costs in response to lower demand.
Localiza Rent a Car S.A. reported its 3Q14 results with consolidated net revenues increasing 12.4% year-over-year to R$535.9 million. The car rental division saw a 12.3% revenue increase due to 7.5% higher daily rental volumes and a 6.0% increase in average rental rates. ROIC increased from 16.5% to 18.0% due to higher utilization rates and lower depreciation costs. Free cash flow remained strong at R$332.7 million despite investments in a new headquarters, allowing net debt to remain stable at R$1,321.9 million with comfortable debt ratios.
SKF reported lower sales and profits in the first half of 2009 compared to 2008 due to a decline in demand. While demand continued to decrease, the rate of decline showed signs of leveling off. SKF implemented cost reduction activities and restructuring programs that resulted in annual savings of SEK 800 million. For the third quarter, SKF expects year-on-year sales declines to be slightly less than the first half, and manufacturing levels to remain relatively unchanged.
Color Group AS is the parent company of Color Line AS, Norway's largest and one of Europe's leading short-sea cruise and freight shipping companies. Color Line operates six vessels on four international services between ports in Norway, Sweden, Denmark and Germany, carrying close to 4.1 million passengers and over 172,000 freight units in 2011. While reporting operating revenues of almost NOK 4.6 billion, Color Line recorded a pre-tax profit of NOK 78 million, which includes an exceptional provision of approximately NOK 150 million relating to a decision by the EFTA Surveillance Authority. Color Group AS is wholly owned by O. N. Sunde AS, which is owned by Olav Nils Sunde and his
- Scania's operating margin and net margin increased in the first nine months of 2008 compared to the same period in 2007. Net sales rose 11% while order bookings declined 29% due to lower demand in Europe.
- Earnings per share increased and the forecast for higher full-year 2008 earnings remains unchanged. However, due to lower order bookings and higher inventories, Scania will adjust production rates.
- Service revenue continued to show strong growth of 8%, while trucks deliveries increased 4% and various restructuring efforts are expected to generate annual cost savings of SEK 300 million from 2009.
Scania Interim Report January-September 2012Scania Group
Scania's operating income fell 39% to SEK 5.7 billion in the first nine months of 2012 due to lower vehicle volumes, lower capacity utilization, and higher costs. Net sales decreased 12% to SEK 57.3 billion. Order bookings for trucks declined compared to the previous quarter due to lower economic activity and hesitancy among customers in Europe. The outlook for the truck market, particularly in Europe, remains uncertain.
The interim report summarizes the company's financial performance in the first half of 2008. Key points include record profitability with an operating margin of 16.6% and net margin of 12.1%. Vehicle and service sales grew 15% and 30% respectively. Earnings per share increased 36% to SEK 12.52. The outlook predicts earnings in 2008 will be higher than 2007 due to continued strong demand outside of Europe.
1) Scania reported all-time high earnings in 2008 with operating income of SEK 12,512 million. However, deliveries declined 18% in Q4 as the company adjusted production rates due to decreased demand in Europe.
2) While the trucks and services segment grew profits through price increases, this was partially offset by negative impacts from lower deliveries, used vehicles, raw materials, and R&D spending.
3) Scania's flexible production system and focus on reducing inventory and postponing investments helped cash flow, but tied up capital increased with capacity investments. Outlook for 2009 is uncertain due to rapid demand fall in Q4 and high industry inventory levels.
Scania Interim Report January - March 2012Scania Group
Scania's operating income fell to SEK 2,323 m in Q1 2012 compared to SEK 3,339 m in Q1 2011 due to lower vehicle deliveries and capacity utilization as well as higher costs for future projects. Net sales decreased 3% to SEK 20,127 m. Order bookings for trucks were in line with 2011 levels but decreased for buses/coaches, while service demand remained high driven by an aging vehicle population in Europe. Scania adjusted production rates in response to lower demand and will invest in an Indian facility to start local assembly and improve service.
Treasury minister's presentation to Chamber of Commerce 27 june 2012States of Jersey
The document outlines Senator Philip Ozouf's three-part plan to address Jersey's £100 million deficit:
1. Raising £35 million more from taxation measures
2. Finding £65 million in savings by 2013
3. Promoting economic growth
It then provides background on Jersey's budget and actual revenue and expenditure over time, showing recurring deficits. Charts show income and spending trends and the depletion of stabilization reserves to cover deficits. The document concludes with next steps in debating and passing the fiscal plan.
This document summarizes an interim report from a company for the first three quarters of 2008:
- Profits were at an all-time high with an operating margin of 15.8% and high returns. Revenue also grew 11% with EBIT growth of 25% and ROCE of 50.5%.
- Vehicle deliveries increased 4% while delivery times shortened. The service business also grew, capitalizing on the substantial vehicle population.
- Strong EBIT growth was driven by higher volumes, prices, and improved product mix. Cash flow increased but tied-up working capital grew due to volume and inventory increases.
- The financial services portfolio grew 8% in local currencies while bad debt provisions increased
The document summarizes Tele2's financial and operational results for the third quarter of 2009. It reports that all regions performed solidly, with continued growth in customer numbers in Nordic, Russia, and Central Europe. Russia added over 1 million new customers, including 742,000 from new regions launched in the quarter. The financial review shows increased sales and profits compared to the same period last year.
презентация для инвесторов, ноябрь декабрь 2010evraz_company
This document provides an overview of Evraz Group, a leading global steel and mining company, for a November-December 2010 corporate presentation. It highlights 1H 2010 financial results including a 38% increase in revenue and 147% increase in EBITDA compared to 1H 2009. The mining segment saw revenue double and EBITDA quadruple due to rising iron ore and coal prices. Recent market developments such as capacity utilization rates and trends in steel and raw material prices are also summarized.
1) Scania reported record earnings in the first half of 2008, with operating margin reaching 16.6% and net margin at 12.1%.
2) Scania is pursuing profitable growth through increasing vehicle and service sales. Revenue grew 15% while EBIT grew 30% in the first half of 2008.
3) Scania's vision is to reach annual production of 150,000 vehicles while maintaining a flexible cost structure and focus on customer productivity and uptime.
Tele2 reported financial results for Q4 2007. Key points include:
- Revenues increased 7.4% to 10.4 billion SEK due to growth in mobile (+19.1%) and broadband (+18.4%) offsetting a decline in fixed telephony (-16.8%).
- EBITDA grew 3.9% to 1.6 billion SEK.
- Divestments of operations in Italy, Spain, Belgium and Hungary were completed. The Austrian MVNO operation was also announced for divestment.
- Mobile operations continued to drive growth with a customer intake of 714,000 and revenues increasing 19% to 6 billion SEK.
Highlights of the second quarter of 2009. Net sales amounted to SEK 27,482m (25,587) and income for the period to SEK 658m (99), or SEK 2.32 (0.36) per share. Net sales declined by 8.4%, in comparable currencies, due to continued sharp market downturn in Electrolux main markets.
Wermuth asset management investor trip, 20 октября 2010evraz_company
The document summarizes Wermuth Asset Management's investor trip on 20 October 2010. It includes a disclaimer on the information provided, an overview of Evraz Group as a leading global steel and mining company, and highlights of Evraz's financial and operational performance in 1H 2010. The document also discusses Evraz's growth strategy, key investment projects, and market developments for steel and raw materials.
Duratex reported financial results for the first quarter of 2007 with increases in key metrics such as net revenues, EBITDA, and net income compared to the first quarter of 2006. Net revenues totaled R$356.5 million, an 8% increase, while EBITDA reached R$120.6 million for a 34% margin. Duratex also announced planned capital expenditures of R$850 million between 2007 and 2009 for expanding production capacity across its wood and tile divisions.
презентация для инвесторов, февраль 2011evraz_company
- The document is a corporate presentation from Evraz Group SA that provides an overview of the company, its operations, financial highlights, and outlook.
- Evraz is a leading global steel and mining company with operations in Russia, Ukraine, USA, and Kazakhstan. In 2010, it produced 16.3 million tons of crude steel.
- In 1H 2010, Evraz's revenue increased 38% year-over-year to $6.4 billion due to higher sales volumes and prices. Its EBITDA more than doubled to $1.2 billion.
- Looking ahead, Evraz expects demand for its construction products to increase driven by large-scale infrastructure projects in Russia, such as the 2014 Sochi
презентация для инвесторов, январь 2011evraz_company
- Evraz is a world-class steel and mining company and one of the largest steel producers globally.
- In 1H2010, Evraz's revenue increased 38% compared to 1H2009 due to higher sales volumes and steel prices. EBITDA more than doubled.
- Higher iron ore, coal, and scrap prices increased steelmakers' costs in 1H2010, but Evraz significantly offset this through production efficiencies and cost control measures.
- Rockwool International A/S reported financial results for the first half of 2012, with sales increasing 9% compared to the same period in 2011.
- EBIT increased 46% to DKK 430 million, driven by growth in both the Insulation and Systems segments.
- The company expects full-year 2012 sales to increase at least 5% and confirms earnings guidance of DKK 650-700 million.
Scania’s earnings for the first quarter of 2013 amounted to SEK 1,933 m. The stronger Swedish krona and price pressure on trucks pulled down earnings. Higher truck volume and higher capacity utilisation in Latin America had some positive effect.
Scania Year-end Report, January-December 2012Scania Group
Scania's earnings and sales declined in 2012 compared to 2011. Operating income fell 33% to SEK 8,300m and net sales decreased 9% to SEK 79,603m. Order bookings for trucks rose in Q4 2012 driven by strong demand in Brazil, while order bookings in Europe remained low. Scania reduced production rates in Europe in early 2013 and took measures to improve efficiency and adjust costs in response to lower demand.
Localiza Rent a Car S.A. reported its 3Q14 results with consolidated net revenues increasing 12.4% year-over-year to R$535.9 million. The car rental division saw a 12.3% revenue increase due to 7.5% higher daily rental volumes and a 6.0% increase in average rental rates. ROIC increased from 16.5% to 18.0% due to higher utilization rates and lower depreciation costs. Free cash flow remained strong at R$332.7 million despite investments in a new headquarters, allowing net debt to remain stable at R$1,321.9 million with comfortable debt ratios.
SKF reported lower sales and profits in the first half of 2009 compared to 2008 due to a decline in demand. While demand continued to decrease, the rate of decline showed signs of leveling off. SKF implemented cost reduction activities and restructuring programs that resulted in annual savings of SEK 800 million. For the third quarter, SKF expects year-on-year sales declines to be slightly less than the first half, and manufacturing levels to remain relatively unchanged.
SKF reported lower sales and profits for the third quarter of 2009 compared to the previous year, due to the economic downturn reducing demand, but cash flow remained strong. While some divisions like automotive struggled, others like industrial showed signs of stabilizing. SKF continued restructuring efforts and expected a slight sequential improvement in the fourth quarter, but sales would still be significantly lower than the previous year.
Triunfo Participações e Investimentos S.A. reported its 4Q11 and full year 2011 earnings results. Key highlights included net revenue growth of 37.5% in 4Q11 and 30.7% for 2011. Traffic volume increased 7.8% in 4Q11 and 8.4% for the full year. Adjusted EBITDA grew 38.7% in 4Q11 to R$117 million and increased 13.3% for 2011 to R$352 million. Net income for 4Q11 was R$28.9 million. Capex totaled R$194.2 million in 4Q11 and R$470.2 million for the full year, primarily directed towards the Rio
- SKF's sales increased 10.9% in Q2 2010 driven by strong automotive sales and improved industrial sales. Higher production and cost reductions led to record operating profit and margin.
- In Q3 2010, SKF expects continued sales growth significantly higher than the previous year for all regions and divisions. Production will remain at Q2 2010 levels, higher than the previous year.
- Key financial figures for Q2 2010 show increases in net sales, operating profit, profit before taxes, and net profit compared to Q2 2009.
This document summarizes the key financial highlights of Localiza Rent a Car S.A. for the second quarter of 2016. Net revenues increased in both the car rental and fleet rental divisions compared to the second quarter of 2015. The company added over 10,000 new vehicles to its fleet while selling nearly 14,000 used vehicles. Consolidated EBITDA grew by R$11.3 million year-over-year due to revenue increases, while net income increased by 4.6% over the same period. Overall, the company continued its strong volume growth in the quarter despite adverse macroeconomic conditions.
Tele2 AB reported financial results for Q2 2014. Key highlights included:
- Net sales of SEK 6.34 billion, down 1.3% from Q2 2013. EBITDA of SEK 1.47 billion, down 0.5%.
- Sale of Norwegian operations for SEK 5.3 billion in cash. Mobile net customer intake was 286,000. Mobile end-user service revenue grew 7%.
- By country, Sweden saw 7% revenue growth. Kazakhstan saw 21% currency-adjusted revenue growth. The Netherlands saw strong 213,000 net intake.
The document provides an agenda and highlights for Tele2's fourth quarter 2009 financial review meeting. Key points include solid operational results across Nordic, Russian, and Western European markets. Russia saw a record 1.149 million new customers. The financial review section notes increased EBITDA and margins year-over-year for Q4 and full year 2009. Customer additions were strong in Russia and mobile segments.
- Traffic on Ferrovial's toll motorways in Spain continued to decline due to the weak economy and high fuel prices, though signs of recovery were seen in Ireland and North America. Heathrow Airport saw a 1.8% increase in passengers.
- Revenues increased 10.2% at the Toll Motorways division due to the opening of SH-130 and a tariff increase at Chicago Skyway. EBITDA declined 26.3% due to a one-time provision reversal in 2012.
- Two Spanish toll motorway projects, Radial 4 and Ocaña-La Roda, filed for creditor protection due to lower-than-expected traffic and economic factors. Ferrovial's investments
- Localiza reported strong results in 1Q14, with net revenue increasing 19.1% and net income reaching a record high. Daily car rentals in the Car Rental Division grew 10.1% while the fleet size increased only 0.9%, demonstrating productivity gains.
- The utilization rate of the Car Rental fleet increased to 72.2%, up from 66.6% in 1Q13, due to fleet optimization. 15 new owned rental locations were also added during the quarter.
- Free cash flow was R$176 million in 1Q14. Net debt was reduced by R$125 million due to strong cash generation. The company maintains a comfortable debt profile with declining net debt to equity and E
- Localiza reported strong results in 1Q14, with net revenue increasing 19.1% and net income reaching a record high. Daily car rentals in the Car Rental Division grew 10.1% while the fleet size increased only 0.9%, demonstrating productivity gains.
- The utilization rate of the Car Rental fleet increased to 72.2%, up from 66.6% in 1Q13, due to fleet optimization. 15 new owned rental locations were also added during the quarter.
- Free cash flow was R$176 million in 1Q14. Net debt was reduced by R$125 million due to strong cash generation. The company maintains a comfortable debt profile with declining net debt to equity and E
- Localiza reported strong results in 1Q14, with net revenue increasing 19.1% and net income reaching a record high. Daily car rentals in the Car Rental Division grew 10.1% while the fleet size increased only 0.9%, demonstrating productivity gains.
- The utilization rate of the Car Rental fleet increased to 72.2%, up from 66.6% in 1Q13, due to fleet optimization. 15 new owned rental locations were also added during the quarter.
- Free cash flow was R$176 million in 1Q14. Net debt was reduced by R$125 million due to strong cash generation. The company maintains a comfortable debt profile with declining net debt to equity and E
- Finmeccanica reported strong financial results for the first 9 months of 2015, with a 44.7% increase in EBITA to €745 million and a positive net result of €122 million compared to a net loss in the prior year.
- Most sectors performed well with improvements in orders, revenues, and profitability compared to the previous year. Notably, Selex ES and DRS showed significant increases in EBITA.
- The company reaffirmed its guidance for the full year with expectations to meet or exceed targets for orders, revenues, EBITA, free operating cash flow, and net debt.
This document summarizes the quarterly earnings report of Localiza Rent a Car S.A. for the first quarter of 2015. It shows that while car rental volume declined due to economic conditions, revenue in the fleet rental division grew due to market opportunities. Overall, consolidated net revenue grew 6.5% compared to the prior year. However, EBITDA declined due to strategic consulting expenses and increased doubtful accounts provisions. The company also reduced its car rental fleet after the end of the summer season. Debt levels remain manageable and debt maturity was improved through a new issuance and prepayment in the second quarter of 2015.
- The document reports on Localiza's 3Q15 and 9M15 earnings, highlighting key financial metrics such as revenues, EBITDA, net income, fleet size, and utilization rates.
- Net revenues grew 2.7% in 9M15 compared to 9M14, while consolidated EBITDA declined 3.1% and consolidated net income increased 1%.
- EBIT margins improved in both the car rental and fleet rental divisions compared to previous periods.
- Free cash flow was R$228 million in 9M15, impacted by fleet renewal and growth investments.
This document summarizes HeidelbergCement's third quarter 2016 results. Key points include:
- Operating EBITDA increased 2% and operating income increased 4% compared to the prior year on a like-for-like basis.
- Integration of the Italcementi acquisition is progressing faster than planned, with synergies above €400 million already achieved.
- Volumes increased across all business lines (cement, aggregates, ready-mix concrete, asphalt) in all regions.
- Margin improvement programs like the "Competence Center RMC" aim to further boost margins over the next few years.
- The outlook for 2016 is confirmed despite some challenging market conditions.
HeidelbergCement achieved its key operational and financial targets for 2014. Revenue increased 4% to €12.6 billion and operating EBITDA increased 3% to €2.3 billion. Net debt was significantly reduced through the successful disposal of the building products business for over €1.2 billion. The dividend was proposed to increase 25% to €0.75 per share. For 2015, double digit percentage increases are expected in revenue, operating income and net income, and net debt/EBITDA is targeted to remain below 2.8x.
TomTom reported its Q4 and full year 2014 results. Key highlights include:
- Q4 revenue of €258 million, down slightly year-over-year. Full year revenue of €950 million, also down slightly.
- Gross margin of 51% for Q4 and 55% for the full year.
- Adjusted earnings per share of €0.27 for the full year.
- Revenue expected to grow to around €1 billion in 2015 with adjusted EPS of around €0.20.
Scania interim report january september 2017Scania Group
Scania’s net sales in the first nine months of 2017 rose to a record high SEK 86.4 billion, an increase of 15 percent compared to the previous year. Demand for the new truck range was good and the service trend remains positive.
Scania Year-end Report January-December 2016Scania Group
Scania reported record high net sales of SEK 103.9 billion in 2016, up 10% from 2015. Operating income was SEK 6.4 billion, down from SEK 9.6 billion the previous year due to a SEK 3.8 billion provision related to an EU competition investigation. Total vehicle deliveries reached 81,346 units in 2016, up 6% from the prior year. Order bookings increased 11% to 85,527 vehicles for the full year. The new truck generation launched in late 2016 was an immediate success, outperforming competitors in trade publication tests.
Scania interim report january september 2016Scania Group
Scania’s sales reached SEK 75.2 billion in the first nine months of 2016 and the company’s underlying operational performance was strong. Higher vehicle volume in Europe and increased service revenue was partly offset by negative currency rate effects and lower deliveries in Latin America.
Scania Interim Report January – June 2016Scania Group
Summary of the first six months of 2016
* Operating income amounted to SEK 1,348 m. (4,737), negatively impacted by a provision of SEK 3.8 billion related to the European Commission’s competition investigation
* Operating income excluding items affecting comparability rose by 9 percent to SEK 5,148 m. (4,737), resulting in an operating margin of 10.3 (10.1) percent
* Net sales rose by 7 percent to SEK 50,110 m. (46,798)
* Cash flow amounted to SEK -492 m. (1,106) in Vehicles and Services
Scania Interim Report, January–March 2016Scania Group
Scania’s sales amounted to SEK 23.1 billion and earnings for the first quarter amounted to SEK 2,295 m. Higher vehicle volume in Europe and higher service volume were partly offset by negative currency rate effects and low capacity utilisation in the production system in Latin America. The high level of investments is starting to impact earnings.
Scania interim report, january september 2015Scania Group
Scania’s sales during the first nine months of 2015 rose to SEK 69.7 billion and earnings amounted to SEK 7,046 m., resulting in an operating margin of 10.1 percent (9.7).
Scania Interim Report January-September 2014Scania Group
“Scania's earnings for the first nine months of 2014 amounted to SEK 6,356 m. Positive currency rate effects and higher service volume were offset by a weaker market mix."
Scania Interim Report January–June 2014Scania Group
- Scania's operating income rose 8% to SEK 4.276 billion in the first six months of 2014, while net sales increased 4% to SEK 43.917 billion.
- Order bookings for trucks were at a high level in Q2 2014 and improved in Europe. Scania gained a clear long-term ownership structure under Volkswagen in June.
- Operating income increased due to higher service volume, though this was partly offset by weaker market mix and currency effects. Outlook remains positive.
Scania Interim Report, January-March 2014Scania Group
Scania’s earnings for the first quarter amounted to SEK 2,257 m. Both vehicle and service volume increased, which was partly offset by weaker emerging markets currencies. Total order bookings for trucks during the first quarter were higher than the beginning of last year.
Scania reported operating income of SEK 8,455 million for full year 2013, a 2% increase over 2012. Net sales rose 9% to SEK 86,847 million due to record vehicle and service volumes, though currency effects reduced revenues. Order bookings increased 12% overall but fell 20% in Q4 2013 as pre-buys in Europe impacted demand. Production volume will be adjusted in Q1 2014 in response to lower order bookings, including a reduction of about 300 personnel. The CEO commented that the economic environment in Europe has stabilized and there is replacement demand, while opportunities exist in emerging markets.
Scania Interim Report January-September 2013Scania Group
Scania's earnings for the first nine months of 2013 fell to SEK 5,939 m. Higher vehicle volume and better capacity utilisation had a positive effect. The stronger krona had a negative impact and earnings were also pulled down by a competitive pricing environment.
Summary of the first nine months of 2013
• Operating income fell to SEK 5,939 m. (6,135), and earnings per share fell to SEK 5.30 (5.94)
• Net sales rose by 8 percent to SEK 61,864 m. (57,261)
• Cash flow amounted to SEK 1,362 m. (2,176) in Vehicles and Services
Comments by Martin Lundstedt, President and CEO:
“Scania's earnings for the first nine months of 2013 fell to SEK 5,939 m. Higher vehicle volume and better capacity utilisation had a positive effect. The stronger krona had a negative impact and earnings were also pulled down by a competitive pricing environment. Order bookings for trucks in Europe continued to improve during the third quarter. Demand has been supported by customers that are investing in Euro 5 vehicles before year-end, when the transition to Euro 6 will occur. There is also a replacement need. Scania has a strong position with its broad engine range and the launch of its second-generation Euro 6 engines. The company’s market share in Europe has increased during the period, among other things thanks to its leading position in Euro 6. In Latin America too, Scania has captured market shares. Order bookings in Latin America remained at a good level but decreased compared to the high level of the previous quarters. Order bookings for buses and coaches fell related to Latin America and Asia. In Engines, order bookings increased in Europe compared to the second quarter, driven by investments ahead of the transition to the new emission standard in 2014. Scania is continuing its long-term efforts to boost market share in Services. Service revenue rose by 9 percent in local currency during the third quarter. Scania has raised its daily production rate in Europe while increasing flexibility at its production units. There are good growth opportunities and the expansion of annual technical production capacity towards 120,000 vehicles is continuing. To strengthen competitiveness, the level of activity related to development projects remains high, at the same time as Scania is expanding its sales and service capacity in emerging markets.”
View the full report: http://bit.ly/18aqP5e
Scania Interim Report January-June 2013Scania Group
Summary of the first six months of 2013
Operating income fell to SEK 3,971 m. (4,257), and earnings per share fell to SEK 3.47 (4.06)
Net sales rose by 7 percent to SEK 42,139 m. (39,338)
Cash flow amounted to SEK 744 m (1,769) in Vehicles and Services
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1. 2 February 2011
Scania Year-end Report January-December 2010
Operating income rose to SEK 12,746 m. (2,473), and earnings per share rose to SEK 11.38 (1.41)
Net sales increased by 26 percent to SEK 78,168 m. (62,074)
Cash flow amounted to SEK 11,880 m. (5,512) in Vehicles and Services
The Board of Directors proposes a dividend of SEK 5.00 (1.00) per share
Comments by Leif Östling, President and CEO
“Scania’s earnings and cash flow for the full year 2010 were the best ever in the company’s history. Operating
income rose to SEK 12,746 m. Higher vehicle and service volume and significantly higher capacity utilisation
mainly explain the improvements. The global economic recovery led to increased activity in the transport industry
during 2010, with a number of markets outside Europe quickly rebounding after the downturn. The Brazilian
market, which has been strong due to high economic activity as well as tax breaks and interest rate subsidies,
has now stabilised at a high level. Scania has taken advantage of the Group’s common global product range and
production structure, which has enabled the company to meet the strong demand for vehicles and parts in Latin
America. Demand in Europe improved gradually during 2010 and freight prices began to recover. The Russian
truck market recovered strongly during the fourth quarter. Service volume in Europe gained momentum during
the second half of 2010, leading to higher capacity utilisation in workshops. The daily production rate at Scania’s
production units increased continuously during 2010 and Scania has been able to maintain short delivery times.
Scania has increased its workforce, and to ensure flexibility new employees have been hired on temporary
contracts. Since autumn 2010, Scania and MAN have been investigating a possible combination. No decision
has been made, since there are a number of outstanding issues of a commercial and legal nature. There is a
continued risk of bottlenecks among both sub-contractors and bodybuilding companies. Scania expects a level of
demand in early 2011 similar to the level seen in the second half of 2010. The negative effects of the stronger
SEK, which impacted the fourth quarter of 2010, will be more pronounced during the first quarter of 2011.”
Full year Change, % Q4 Change, %
Trucks and buses
Units 2010 2009 2010 2009
– Order bookings 74,210 38,802 91 21,758 13,884 57
– Deliveries 63,712 43,443 47 20,163 13,753 47
Net sales and earnings
SEK m. (unless otherwise stated) EUR m.*
Net sales, Scania Group 8,683 78,168 62,074 26 22,505 18,360 23
Operating income, Vehicles and - -
Services 1,397 12,575 2,648 3,645 1,524
Operating income, Financial Services 19 171 -175 - 80 -93 -
Operating income 1,416 12, 746 2,473 - 3,725 1,431 -
Income before taxes 1,393 12,533 1,602 - 3,776 1,236 -
Net income for the period 1,011 9,103 1,129 - 3,000 822 -
Operating margin, percent 16.3 4.0 16.6 7.8
Return on equity, percent 34.7 5.1
Return on capital employed, Vehicles
and Services 39.5 9.4
Earnings per share, SEK 11.38 1.41 3.75 1.03
Cash flow, Vehicles and Services 1,320 11,880 5,512 3,492 2,495
Number of shares: 800 million
* Translated to EUR solely for the convenience of the reader at a closing day rate of SEK 9.00 = EUR 1.00.
Unless otherwise stated, all comparisons refer to the corresponding period of the preceding year.
This report has not been reviewed by the company’s auditors. This report is also available on www.scania.com/se
Scania AB (publ) SE-151 87 Södertälje tel. +46 8 553 810 00
Swedish corporate identity number Sweden fax +46 8 553 810 37
556184-8564 www.scania.com
2. Business overview Order bookings, Scania trucks
Vehicles and Services
Full year Full year Change,
During 2010, total deliveries increased by 47 percent
2010 2009 %
to 63,712 (43,443) vehicles, compared to 2009. Net
Europe 29,176 14,473 102
sales rose by 26 percent to SEK 78,168 m. Currency
Eurasia 3,861 739 -
rate effects, excluding currency hedges, had a
America* 18,868 11,214 68
negative impact of 4 percent.
Asia 12,295 4,208 192
Order bookings rose by 91 percent to 74,210 (38,802) Africa and Oceania 3,136 2,374 32
vehicles compared to 2009, of which the first part was Total 67,336 33,008 104
characterised by cancellations and great uncertainty
among customers. Deliveries, Scania trucks
During the fourth quarter, deliveries increased by Full year Full year Change,
47 percent to 20,163 vehicles. Net sales rose by 2010 2009 %
23 percent to SEK 22,505 m. Currency rate effects, Europe 23,315 18,824 24
excluding currency hedges, had a negative impact of Eurasia 2,369 1,084 119
5 percent. Order bookings increased by 57 percent America* 18,056 9,566 89
compared to the fourth quarter of 2009. Asia 10,179 4,843 110
Africa and Oceania 2,918 2,490 17
During 2010, demand recovered in Scania’s markets
and the daily production rate increased gradually. Total 56,837 36,807 54
Scania increased its workforce, mainly at production
units but also in the sales and service network as
well as in research and development during 2010. Order bookings, Scania buses and coaches
Hiring has mainly been in the form of fixed term Full year Full year Change,
temporary contracts to ensure flexibility. Together 2010 2009 %
with the training programmes carried out at Europe 1,720 1,679 2
production units during 2009, the workforce increase Eurasia 72 33 118
has enabled Scania to maintain short, stable delivery America* 2,358 1,538 53
times and thereby limit the order book. Asia 2,110 1,718 23
Africa and Oceania 614 826 -26
The recovery was most pronounced in Brazil, and
Total 6,874 5,794 19
Scania has taken advantage of the Group’s common
global product range and production structure to Deliveries, Scania buses and coaches
supply Latin America with components from its Full year Full year Change,
European production units. 2010 2009 %
In April, Scania launched a new range of V8 trucks, Europe 1,760 1,954 -10
including a new top-of-the-line model that is the most Eurasia 82 130 -37
powerful truck to date in the market. The engine America* 2,104 1,421 48
features an output of 730 horsepower and has a Asia 2,120 1,876 13
torque of 3,500 Nm. The truck is mainly intended for Africa and Oceania 809 1,255 -36
the heaviest, most demanding long-haul segments. Total 6,875 6,636 4
With the introduction of the new V8 range, Scania *Refers to Latin America. For more information on the new geographic
has the technical solutions and the engine platform areas, please see www.scania.com, Investor Relations.
needed to fulfil the Euro 6 emission standards that
go into effect at the end of 2013.
Since 2010, Scania and MAN have investigated different projects in the industrial area, mainly related to
commercial vehicles, which would make it possible for the two companies to profit from synergies in research
and development, manufacturing and sourcing.
2
3. This process has shown that a full realisation of potential Vehicles delivered (units)
synergies requires closer cooperation by combining the
two companies, while maintaining the unique brand
values of the respective company. No decision has been 24 000
21 000
made, since there are a number of outstanding issues of
18 000 2007
a commercial and legal nature. 15 000
2008
12 000
Trucks 2009
9 000
The entire European truck market improved during 2010. 2010
6 000
The recovery was most pronounced in northern Europe. 3 000
The Russian truck market recovered strongly during the 0
fourth quarter. Q1 Q2 Q3 Q4
In Latin America, demand has been at a high level,
especially in Brazil, where growth has been very strong Net sales (SEK m.)
due to high economic activity. The market is also being
supported by interest rate subsidies and tax breaks.
25 000
In Asia, a recovery has occurred in all segments. 20 000 2007
Sales of used trucks increased by 5 percent during 2010. 15 000 2008
The inventory of used trucks gradually decreased during 2009
10 000
2010
the year and is now at a normal level. The price level 5 000
was higher and more stable than in 2009.
0
Q1 Q2 Q3 Q4
Scania noted an upturn in its short-term renting business
in western Europe and expanded capacity during the
year.
Operating income (SEK m.)
Scania’s order bookings during 2010 amounted to
67,336 (33,008) trucks, an increase of 104 percent.
4 000
The first half of 2009, in particular, was characterised
3 600
by cancellations and great uncertainty among customers, 3 200
which resulted in a very low level of orders in several 2 800 2007
2 400 2008
regions. In Europe, order bookings were up 102 percent 2 000
1 600 2009
to 29,176 (14,473) units during the full year 2010.
1 200 2010
Demand increased in virtually all markets, especially 800
Germany, France, the Nordic countries, the Netherlands 400
0
and Great Britain. In Eurasia, order bookings rose to Q1 Q2 Q3 Q4
3,861 (739) trucks, mainly because of increased demand
in Russia.
In Latin America, order bookings climbed 68 percent during the full year. Order bookings were especially strong
in Brazil, which accounted for the bulk of the upturn. Demand also increased in Argentina.
Order bookings in Asia rose to 12,295 (4,208) units, mainly attributable to the Middle East and Hong Kong. In
Africa and Oceania, order bookings rose to 3,136 (2,374) units, an upturn of 32 percent, mainly attributable to
South Africa.
During the fourth quarter, order bookings increased by 60 percent to 19,705 trucks. Order bookings rose in
Europe, Eurasia and Asia. In particular, the northern portions of western Europe and Russia showed a significant
recovery from a low level during the corresponding period of 2009. In Asia, demand improved primarily in the
Middle East and China. Order bookings fell somewhat in Latin America, mainly attributable to Brazil.
Scania’s truck deliveries increased by 54 percent to a total of 56,837 units during the full year 2010, compared
to 2009. In Europe, deliveries increased by 24 percent, mainly related to Germany and France. In Eurasia,
deliveries rose by 119 percent, due to an increase in Russia.
In Latin America, the delivery upturn was 89 percent, which was explained by very strong growth in Brazil. In Asia
as well as in Africa and Oceania, Scania also noted increased deliveries during the full year 2010.
3
4. During the fourth quarter, deliveries increased by 58 percent to 18,368 (11,628) units.
Net sales of trucks rose by 45 percent to SEK 47,580 m. (32,832) during the full year 2010.
During the fourth quarter, sales increased by 54 percent to SEK 15,110 m. (9,821).
The total market for heavy trucks in 25 of the European Union member countries (all EU countries except Greece
and Malta) plus Norway and Switzerland rose by 11 percent to about 178,100 units during 2010. Scania truck
registrations amounted to some 24,200 units, equivalent to a market share of about 13.6 (13.5) percent.
Buses and coaches
Scania’s order bookings for buses and coaches rose by 19 percent to 6,874 (5,794) units during the full year.
In Europe, demand increased by 2 percent compared to 2009. In Latin America, order bookings rose by 53
percent during 2010. In Asia, order bookings increased by 23 percent during the year. Demand in the Eurasian
market increased, while it shrank somewhat in Africa and Oceania.
During the fourth quarter, order bookings rose by 31 percent.
Scania’s bus and coach deliveries totalled 6,875 (6,636) units during 2010. In Europe, deliveries decreased by
10 percent in comparison to the previous year. The upturn of 48 percent in Latin America was related to Brazil
and Argentina. In Asia deliveries rose, mainly in the Middle East, while in Eurasia as well as Africa and Oceania
they declined.
Net sales of buses and coaches decreased by 13 percent to SEK 7,713 m. (8,837) during 2010.
Engines
Scania Engines is continuing to expand and strengthen its presence in the North American market. The
expansion of its service network is one element in its efforts to attract major customers in the industrial product
area. In 2010 Scania signed agreements with Terex, a leading US-based manufacturer of construction and
industrial machinery and also with Doosan, based in South Korea, to supply engines for that company’s dumpers
and wheel loaders from the new Scania engine platform. The first deliveries of engines to these customers began
late in 2010.
During the fourth quarter an agreement was signed with Shanghai Boden Engine Ltd concerning distribution of
Scania engines for power generation in the Chinese market.
Scania’s new industrial engine platform meets the legally mandated EU Stage IIIB and US Tier 4i emission
standards, which go into effect in 2011. These engines will also meet the next emission standards, EU Stage IV
and Tier 4, which go into effect in 2014, without forcing customers to make extensive machine installation
changes. The new engine platform is also available to customers for installation in power generation units
(gensets).
Order bookings for engines increased by 54 percent to 6,249 (4,064) units during 2010. The increase was
explained by a general upturn in Europe and Latin America. Engine deliveries rose by 54 percent to 6,526 (4,235)
units during the year, and net sales increased by 40 percent to SEK 1,148 m. (821). During the fourth quarter,
order bookings increased by 22 percent to 1,436 (1,178) units, and deliveries rose 26 percent to 2,041 (1,616)
units. Net sales totalled SEK 348 m. (288).
Services
Service revenue rose by 3 percent to SEK 16,455 m. (15,904) during 2010. Demand increased and aside from
Latin America and Asia, which noted good service demand throughout the year, the increase was more
pronounced in Europe as well during the latter part of the year. Higher volume was partly offset by negative
currency rate effects. During the fourth quarter, service revenue rose by 9 percent to SEK 4,290 m. (3,950). In
local currencies, the upturn was 16 percent. Higher demand in Europe resulted in higher capacity utilisation in
service workshops, compared to the previous year.
Scania is focusing on boosting the efficiency and capacity utilisation of service workshops. Scania is continuing
the expansion of its own service network by means of new and updated service workshops, in order to improve
accessibility and service for customers. To improve the uptime for customers’ vehicles, Scania is also adding
more services by providing repairs, maintenance and parts for trailers, superstructures and bus bodies, as well
as an enhanced service offering for older vehicles.
4
5. Earnings
Vehicles and Services
Operating income in Vehicles and Services totalled SEK 12,575 m. (2,648) during 2010. Higher vehicle
deliveries and substantially increased capacity utilisation had a positive impact on earnings. Measures initiated
in 2009 to lower the cost level and improved earnings for used vehicles also had positive effects. A less
favourable market mix had a somewhat negative impact on margins.
Scania’s research and development expenditures amounted to SEK 3,688 m. (3,234). After adjusting for SEK
351 m. (282) in capitalised expenditures and SEK 168 m. (264) in depreciation of previously capitalised
expenditures, recognised expenses increased to SEK 3,505 m. (3,216).
During 2010, operating income was impacted positively by currency hedges. As of the end of 2010, Scania had
no hedges of future currency flows. Compared to 2009, currency spot rate effects amounted to SEK -365 m.
Currency hedging income totalled SEK 745 m. During 2009, currency hedging income totalled SEK -2,140 m.
The overall currency rate effect was thus SEK 2,520 m.
During the fourth quarter, operating income in Vehicles and Services totalled SEK 3,645 m. (1,524). The increase
in vehicle deliveries, higher capacity utilisation as well as higher prices had a positive impact on earnings.
Margins were somewhat negatively impacted by a less favourable market mix.
Scania’s research and development expenditures amounted to SEK 1,042 m. (827) during the fourth quarter.
After adjusting for SEK 94 m. (66) in capitalised expenditures and SEK 45 m. (41) in depreciation of previously
capitalised expenditures, recognised expenditures increased to SEK 993 m. (802).
Compared to the fourth quarter of 2009, currency spot rate effects amounted to SEK -200 m. Currency hedging
income totalled SEK 195 m. During the fourth quarter of 2009, currency hedging income totalled SEK -120 m.
The overall currency rate effect was thus SEK 115 m. compared to the fourth quarter of 2009.
Financial Services
At the end of 2010, the size of Scania’s customer finance portfolio amounted to SEK 36.1 billion, which
represented a decrease of SEK 4.3 billion since year-end 2009. In local currencies, the portfolio shrank by 2
percent, equivalent to SEK 0.7 billion.
The penetration rate was 39 (42) percent during the full year in those markets where Scania has its own
financing operations. Including Brazil, where such operations recently started, the penetration rate was 27
percent.
Operating income in Financial Services amounted to SEK 171 m. (-175) during 2010. Bad debt expenses
decreased but remained at a relatively high level. These expenses were mainly attributable to eastern Europe
and Eurasia. The year was characterised by recovery and improved capacity utilisation among hauliers as well
as by somewhat higher freight prices towards the end of the year. Operating income amounted to SEK 80 m.
(-93) during the fourth quarter as bad debt expenses decreased.
Scania Group
Scania’s operating income in 2010 amounted to SEK 12,746 m. (2,473). Operating margin increased to 16.3
(4.0) percent. Scania’s net financial items totalled SEK -213 m. (-871). Net interest items amounted to SEK -193
m. (-722). Net interest items were favourably affected by a positive average net cash position, compared to an
average net debt during 2009. Other financial income and expenses amounted to SEK -20 m. (-149).
The Scania Group’s tax expense amounted to SEK 3,430 m. (473) corresponding to 27.4 (29.5) percent of
income before taxes. Tax expenses during the year were to some extent positively influenced by non-recurring
items. Net income for the year amounted to SEK 9,103 m. (1,129), corresponding to a net margin of 11.6 (1.8)
percent. Earnings per share amounted to SEK 11.38 (1.41).
5
6. Cash flow
Vehicles and Services
Scania’s cash flows in Vehicles and Services amounted to SEK 11,880 m. (5,512) during 2010. Tied-up working
capital decreased by SEK 1,708 m., mainly due to higher trade payables and lower inventories of used vehicles.
Net investments amounted to SEK 2,809 m. (3,149), including SEK 351 m. (287) in capitalisation of development
expenses. At the end of 2010, the net cash position in Vehicles and Services amounted to SEK 7,700 m.,
compared to a net debt position of SEK 4,038 m. on the same date in 2009.
Scania Group
Scania’s cash flow in Financial Services amounted to SEK 1,143 m. (5,015) during 2010, due to the reduced
customer finance portfolio. Together with the positive cash flow in Vehicles and Services as well as the effect of
the stronger Swedish krona, this reduced the Group’s net debt by about SEK 16.3 billion, compared to the end of
2009.
Outlook
There is a continued risk of bottlenecks among both sub-contractors and bodybuilding companies. Scania
expects a level of demand in early 2011 similar to the level seen in the second half of 2010. The negative effects
of the stronger SEK, which impacted the fourth quarter of 2010, will be more pronounced during the first quarter
of 2011.
Parent Company
The assets of the Parent Company, Scania AB, consist of shares in Scania CV AB; Scania CV AB is the parent
company of the group that comprises all production and sales and service companies as well as other
companies. Income before taxes of Scania AB totalled SEK 5,016 m. (2,006) during the full year 2010.
Miscellaneous
Number of employees
At the end of 2010, the number of employees totalled 35,514, compared to 32,330 on the same date in 2009.
Material risks and uncertainty factors
The section entitled “Risks and risk management” in Scania’s Annual Report for 2009 describes Scania’s
strategic, operational, legal and financial risks. Note 2 of the same report provides a detailed account of key
judgements and estimates. Note 30 of the same report describes the financial risks, such as currency risk and
interest rate risk. The risks that have the greatest impact on financial performance and on reporting for the Group
and the Parent Company are summarised as follows:
a) Sales with obligations
About 10 percent of the vehicles Scania sells are delivered with residual value obligations or repurchase
obligations. These are recognised as operating lease contracts, with the consequence that recognition of
revenue and earnings is allocated over the life of the obligation (contract). If there are major changes in the
market value of used vehicles, this increases the risk of future losses when selling returned vehicles. When a
residual value obligation is deemed likely to cause a future loss, a provision is made in cases where the expected
loss exceeds the as-yet-unrecognised profit on the vehicle. At the end of 2010, obligations related to residual
value or repurchases amounted to SEK 6,522 m., compared to SEK 6,306 m. at the end of 2009.
b) Credit risks
In its Financial Service operations, Scania has an exposure in the form of contractual future payments. This
exposure is reduced by the collateral Scania has in the form of the right to repossess the underlying vehicle. In
case the market value of the collateral does not cover the exposure to the customer, Scania runs a credit risk.
Reserves for probable losses in Financial Service operations are set aside in the estimated amounts required.
6
7. Accounting principles
Scania applies International Financial Reporting Standards (IFRSs) as adopted by the EU. The Year-end Report
of the Scania Group has been prepared in accordance with IAS 34, “Interim Financial Reporting” and the Annual
Accounts Act. New accounting standards being applied starting on 1 January 2010 are as follows:
Revised IFRS 3, “Business Combinations” − the standard deals with reporting of business combinations
(acquisitions of businesses) and includes a number of changes. The main changes concern the definition of a
business combination, two alternative methods for reporting goodwill and the requirement that transaction costs
shall be recognised as expenses when they arise. The standard is applied prospectively to acquisitions
implemented after 1 January 2010. The revised standard did not affect Scania’s financial reports during the year.
Other changes in IFRSs that entered into force on 1 January 2010 have not had any material impact on Scania’s
accounting.
Otherwise, accounting principles and calculation methods are unchanged from those applied in the Annual
Report for 2009.
The Year-end Report for the Parent Company, Scania AB, has been prepared in accordance with the Annual
Accounts Act and recommendation RFR 2, “Accounting for Legal Entities” of the Swedish Financial Accounting
Board.
Dividend
Scania’s Annual General Meeting on 6 May 2010 approved a dividend for 2009 of SEK 1.00 per share. A total of
SEK 800 m. was transferred to the shareholders.
Annual General Meeting and proposed dividend
Scania’s Annual General Meeting will be held on Thursday, 5 May 2011 in Södertälje, Sweden. The Board of
Directors proposes a dividend of SEK 5.00 (1.00) per share for the financial year 2010, with 10 May 2011 as the
record date.
7
8. The Board of Directors declares that this Year-end Report provides a true and fair overview of the Parent
Company’s and Group’s operations, their financial position and performance, and describes the material risks
and uncertainties facing the Parent Company and other companies in the Group.
Södertälje, 2 February 2011
Martin Winterkorn
Chairman
Jochem Heizmann Helmut Aurenz Åsa Thunman
Vice Chairman Board member Board member
Börje Ekholm Francisco J. Garcia Sanz Gunnar Larsson
Board member Board member Board member
Hans Dieter Pötsch Peter Wallenberg Jr Johan Järvklo Håkan Thurfjell
Board member Board member Board member Board member
Leif Östling
Board member
President and CEO
8
9. Financial information from Scania
Scania’s Interim Report for the first quarter of 2011 will be published on 27 April 2011. The Annual Report for
2010 will be published on the website www.scania.com during Week 12 (21-27 March), 2011.
This report contains forward-looking statements that reflect management’s current views with respect to certain future
events and potential financial performance. Such forward-looking statements involve risks and uncertainties that could
significantly alter potential results. These statements are based on certain assumptions, including assumptions related
to general economic and financial conditions in the company’s markets and levels of demand for the company’s
products.
This report does not imply that the company has undertaken to revise these forward-looking statements, beyond what
is required by the rule book for issuers at the NASDAQ OMX Stockholm, if and when circumstances arise that will
lead to changes compared to the date when these statements were issued.
The Interim Report for January-September 2010 stated the following:
“The Brazilian truck market is strong as an effect of high economic activity, and demand is also benefiting from tax
breaks and interest rate subsidies. Demand throughout Europe, including Russia, improved during the period from a
very low level last year. The daily production rate has increased continuously during the period and Scania has
focused on maintaining short delivery times. The increase in the production rate has meant that the risk of
bottlenecks has increased among both sub-contractors and bodybuilding companies.”
Contact persons:
Per Hillström Erik Ljungberg
Investor Relations Corporate Relations
Tel. +46 8 553 502 26 tel. +46 8 553 835 57
mobile tel. +46 70 648 30 52 mobile tel. +46 73 988 35 57
The information in this Year-end Report is that which Scania is required to disclose under Sweden’s Securities
Market Act and/or the Financial Instruments Trading Act. It was released for publication at 09.30 CET on 2 February
2011.
9
10. Consolidated income statements
Full year Change in Q4
Amounts in SEK m. unless otherwise stated EUR m.* 2010 2009 % 2010 2009
Vehicles and Services
Net sales 8,683 78,168 62,074 26 22,505 18,360
Cost of goods sold -6,054 -54,504 -48,890 11 -15,704 -14,023
Gross income 2,629 23,664 13,184 79 6,801 4,337
Research and development expenses -390 -3,505 -3,216 9 -993 -802
Selling expenses -711 -6,400 -6,407 0 -1,771 -1,789
Administrative expenses -133 -1,200 -918 31 -400 -226
Share of income from associated
companies and joint ventures 2 16 5 8 4
Operating income, Vehicles and Services 1,397 12,575 2,648 3,645 1,524
Financial Services
Interest and lease income 466 4,197 4,666 -10 1,096 1,131
Interest and depreciation expenses -336 -3,026 -3,514 -14 -769 -851
Interest surplus 130 1,171 1,152 2 327 280
Other income and expenses 7 66 44 50 14 2
Gross income 137 1,237 1,196 3 341 282
Selling and administrative expenses -64 -573 -538 7 -154 -137
Bad debt expenses -54 -493 -833 -41 -107 -238
Operating income, Financial Services 19 171 -175 80 -93
Operating income 1,416 12,746 2,473 3,725 1,431
Interest income and expenses -21 -193 -722 -73 34 -139
Other financial income and expenses -2 -20 -149 -87 17 -56
Total financial items -23 -213 -871 -76 51 -195
Income before taxes 1,393 12,533 1,602 3,776 1,236
Taxes -382 -3,430 -473 -776 -414
Net income for the period 1,011
1 011 9,103
9 103 1,129
1 129 3,000
3 000 822
Other comprehensive income:
Exchange rate differences -127 -1,146 188 74 375
Hedge of net investments in foreign operations - - -1 - 0
Cash flow hedges
gains/losses arising during the period 71 634 719 0 -77
reclassification to operating income -83 -747 2,155 -203 133
Actuarial gains/losses on pensions -39 -348 -84 -348 14
Income tax relating to components of other
comprehensive income 4 37 -741 72 -19
Other comprehensive income for the period -174 -1,570 2,236 -405 426
Total comprehensive income for the period 837 7,533 3,365 2,595 1,248
Net income attributable to:
Scania shareholders 1,011 9,103 1,129 3,000 822
Non-controlling interest 0 0 0 0 0
Total comprehensive income attributable to:
Scania shareholders 837 7,533 3,365 2,595 1,248
Non-controlling interest 0 0 0 0 0
Depreciation included in operating income -285 -2,565 -2,772 -568 -711
Earnings per share, SEK (no dilution) 1 11.38 1.41 3.75 1.03
Return on equity, percent 1 34.7 5.1
Operating margin, percent 16.3 4.0 16.6 7.8
1
Attributable to Scania shareholders' portion of net income.
* Translated solely for the convenience of the reader at a closing exchange rate of SEK 9.002 = EUR 1.00.
10
11. Net sales and deliveries, Vehicles and Services
Full year Change in Q4
Amounts in SEK m. unless otherwise stated EUR m. 2010 2009 % 2010 2009
Net sales
Trucks 5,284 47,580 32,832 45 15,110 9,821
Buses * 857 7,713 8,837 -13 1,959 2,633
Engines 128 1,148 821 40 348 288
Service-related products 1,828 16,455 15,904 3 4,290 3,950
Used vehicles 514 4,623 4,403 5 1,096 1,467
Miscellaneous 288 2,590 -208 794 469
Delivery sales value 8,899 80,109 62,589 28 23,597 18,628
Revenue deferrals 1 -216 -1,941 -515 -1,092 -268
Net sales 8,683 78,168 62,074 26 22,505 18,360
Net sales 2, 3
Europe 4,400 39,611 37,517 6 11,274 10,220
Eurasia 268 2,413 1,449 67 1,126 563
America** 2,413 21,725 11,812 84 6,173 4,343
Asia 1,004 9,035 6,096 48 2,436 1,948
Africa & Oceania 598 5,384 5,200 4 1,496 1,286
Net sales 8,683 78,168 62,074 26 22,505 18,360
Total delivery volume, units
Trucks 56,837 36,807 54 18,368 11,628
Buses* 6,875 6,636 4 1,795 2,125
Engines 6,526 4,235 54 2,041 1,616
1
Refers to the difference between sales value based on deliveries and revenue recognised as income.
2
Revenues from external customers by location of customers.
3
For more information on the new geographic areas, please see www.scania.com, Investor Relations.
* Including body-built buses and coaches.
**Refers to Latin America
11
12. Quarterly data, earnings
2010 2009
Amounts in SEK m. unless otherwise stated EUR m. Q4 Q3 Q2 Q1 Q4 Q3 Q2 Q1
Vehicles and Services
Net sales 2,500 22,505 18,558 20,602 16,503 18,360 13,426 14,429 15,859
Cost of goods sold -1,745 -15,704 -12,571 -14,397 -11,832 -14,023 -10,587 -11,691 -12,589
Gross income 755 6,801 5,987 6,205 4,671 4,337 2,839 2,738 3,270
Research and development expenses -110 -993 -821 -881 -810 -802 -670 -820 -924
Selling expenses -197 -1,771 -1,563 -1,608 -1,458 -1,789 -1,393 -1,612 -1,613
Administrative expenses -44 -400 -270 -267 -263 -226 -186 -232 -274
Share of income in associated companies and joint
ventures 1 8 4 4 0 4 -2 0 3
Operating income, Vehicles and Services 405 3,645 3,337 3,453 2,140 1,524 588 74 462
Financial Services
Interest and lease income 121 1,096 1,029 1,044 1,028 1,131 1,086 1,192 1,257
Interest and depreciation expenses -85 -769 -738 -761 -758 -851 -825 -884 -954
Interest surplus 36 327 291 283 270 280 261 308 303
Other income and expenses 2 14 16 10 26 2 11 6 25
Gross income 38 341 307 293 296 282 272 314 328
Selling and administrative expenses -17 -154 -147 -143 -129 -137 -130 -138 -133
Bad debt expenses -12 -107 -108 -101 -177 -238 -211 -233 -151
Operating income, Financial Services 9 80 52 49 -10 -93 -69 -57 44
Operating income 414 3,725 3,389 3,502 2,130 1,431 519 17 506
Interest income and expenses 4 34 -54 -79 -94 -139 -169 -191 -223
Other financial income and expenses 2 17 17 -25 -29 -56 33 -7 -119
Total financial items 6 51 -37 -104 -123 -195 -136 -198 -342
Income before taxes 420 3,776 3,352 3,398 2,007 1,236 383 -181 164
Taxes -87 -776 -1,045 -1,026 -583 -414 -105 31 15
Net income for the period 333 3,000 2,307 2,372 1,424 822 278 -150 179
Earnings per share, SEK * 3.75 2.88 2.97 1.78 1.03 0.35 -0.19 0.22
Operating margin, in percent 16.6 18.3 17.0 12.9 7.8 3.9 0.1 3.2
* Attributable to Scania shareholders' portion of net income.
12
13. Consolidated balance sheets by business segment
2010 2009
Amounts in SEK m.
unless otherwise stated EUR m. 31 Dec 30 Sep 30 Jun 31 Mar 31 Dec 30 Sep 30 Jun 31 Mar
Vehicles and Services
Assets
Non-current assets
Intangible assets 258 2,323 2,279 2,296 2,253 2,292 2,259 2,281 2,267
Tangible assets 2,266 20,401 20,383 21,033 21,283 22,016 21,566 21,994 21,491
Lease assets * 461 4,148 3,735 3,746 3,423 3,774 3,749 4,204 4,169
Shares and participations 54 482 474 520 489 488 450 494 527
Interest-bearing receivables 13 120 394 153 148 168 79 99 19
Other receivables 1, 2 315 2,840 2,104 2,078 1,994 2,243 2,405 2,032 1,751
Current assets
Inventories 1,440 12,961 12,439 12,125 11,936 11,762 13,056 14,258 14,591
Interest-bearing receivables 16 143 160 171 152 148 151 200 212
Other receivables 3 1,102 9,918 10,529 10,405 9,571 8,779 9,380 9,758 11,567
Short-term investments 7 63 95 49 30 47 37 29 78
Cash and cash equivalents 1,054 9,489 6,777 7,232 8,305 6,601 5,356 6,100 5,851
Total assets 6,986 62,888 59,369 59,808 59,584 58,318 58,488 61,449 62,523
Equity and liabilities
Equity
Scania shareholders 2,872 25,849 23,255 21,758 20,170 18,884 17,769 17,035 18,124
Non-controlling interest 0 1 1 1 1 1 1 1 1
Total equity 2,872 25,850 23,256 21,759 20,171 18,885 17,770 17,036 18,125
Interest-bearing liabilities 323 2,909 3,672 5,924 9,838 10,204 11,358 12,739 12,083
Non-current liabilities
Provisions for pensions 570 5,134 5,088 5,061 4,986 4,963 4,853 4,856 4,685
Other provisions 262 2,358 1,937 2,022 1,876 1,784 1,825 1,840 1,605
Other liabilities 1,, 4 522 4,701
4 701 3,967
3 967 4,180
4 180 3,964
3 964 4,038
4 038 4,390
4 390 4,859
4 859 5,046
5 046
Current liabilities
Provisions 153 1,376 1,288 1,222 1,123 1,097 1,098 1,255 1,424
Other liabilities 5 * 2,284 20,560 20,161 19,640 17,626 17,347 17,194 18,864 19,555
Total equity and liabilities 6,986 62,888 59,369 59,808 59,584 58,318 58,488 61,449 62,523
1
Including deferred tax
2
Including derivatives with positive
value for hedging of borrowings 74 667 617 453 566 848 974 545 537
3
Including derivatives with positive
value for hedging of borrowings 131 1,181 1,144 709 579 175 212 225 369
4
Including derivatives with negative
value for hedging of borrowings 48 430 508 664 661 686 839 1,162 1,292
5
Including derivatives with negative
value for hedging of borrowings 40 361 319 372 472 819 709 984 864
Net cash (-) / Net debt (+)
excl. provisions for pensions,
incl. derivatives as above -855 -7,700 -4,134 -1,483 1,491 4,038 6,327 7,986 7,404
*Comparative figures for "Lease assets" and "Other liabilities" in Vehicles and Services have been adjusted to
reflect a change in principles for elimination between business segments.
13
14. Consolidated balance sheets by business segment
2010 2009
Amounts in SEK m.
unless otherwise stated EUR m. 31 Dec 30 Sep 30 Jun 31 Mar 31 Dec 30 Sep 30 Jun 31 Mar
Financial Services
Assets
Non-current assets
Intangible assets 2 20 21 22 25 25 26 27 23
Tangible assets 4 36 30 31 31 33 33 38 41
Lease assets 944 8,497 8,166 8,491 8,345 8,898 8,142 8,910 9,069
Financial receivables 1,821 16,394 16,025 17,235 17,632 19,097 20,316 22,605 23,766
Other receivables 1 15 133 212 191 121 135 93 104 74
Current assets
Financial receivables 1,249 11,246 11,009 11,404 11,439 12,409 12,493 13,145 13,754
Other receivables 110 988 983 986 1,024 1,212 1,052 1,403 1,071
Cash and cash equivalents 35 316 248 249 327 499 457 273 244
Total assets 4,180 37,630 36,694 38,609 38,944 42,308 42,612 46,505 48,042
Equity and liabilities
Equity
Scania shareholders 464 4,186 4,185 4,320 4,311 4,418 4,285 4,561 4,736
Total equity 464 4,186 4,185 4,320 4,311 4,418 4,285 4,561 4,736
Interest-bearing liabilities 3,499 31,497 30,582 32,454 32,870 36,228 36,519 40,099 41,389
Non-current liabilities
Provisions for pensions 3 24 19 19 19 20 21 22 22
Other provisions 0 2 3 3 4 3 3 3 3
Other liabilities 1 68 610 702 665 612 700 674 724 737
Current liabilities
Pro isions
Provisions 2 18 2 2 5 3 0 2 1
Other liabilities 144 1,293 1,201 1,146 1,123 936 1,110 1,094 1,154
Total equity and liabilities 4,180 37,630 36,694 38,609 38,944 42,308 42,612 46,505 48,042
1
Including deferred tax
14
15. Consolidated balance sheets by business segment
2010 2009
Amounts in SEK m.
unless otherwise stated EUR m. 31 Dec 30 Sep 30 Jun 31 Mar 31 Dec 30 Sept 30 Jun 31 Mar
Eliminations
Assets
Lease assets* -164 -1,472 -1,379 -1,479 -1,492 -1,555 -1,576 -1,680 -1,611
Other current receivables -68 -617 -594 -653 -634 -620 -636 -882 -560
Total assets -232 -2,089 -1,973 -2,132 -2,126 -2,175 -2,212 -2,562 -2,171
Equity and liabilities
Other current liabilities* -232 -2,089 -1,973 -2,132 -2,126 -2,175 -2,212 -2,562 -2,171
Total equity and liabilities -232 -2,089 -1,973 -2,132 -2,126 -2,175 -2,212 -2,562 -2,171
Scania Group
Assets
Non-current assets
Intangible assets 260 2,343 2,300 2,318 2,278 2,317 2,285 2,308 2,290
Tangible assets 2,270 20,437 20,413 21,064 21,314 22,049 21,599 22,032 21,532
Lease assets 1,241 11,173 10,522 10,758 10,276 11,117 10,315 11,434 11,627
Shares and participations 54 482 474 520 489 488 450 494 527
Interest-bearing receivables 1,834 16,514 16,419 17,388 17,780 19,265 20,395 22,704 23,785
Other receivables 1, 2 330 2,973 2,316 2,269 2,115 2,378 2,498 2,136 1,825
Current assets
Inventories 1,440 12,961 12,439 12,125 11,936 11,762 13,056 14,258 14,591
Interest-bearing receivables 1,265 11,389 11,169 11,575 11,591 12,557 12,644 13,345 13,966
Other receivables 3 1,144 10,289 10,918 10,738 9,961 9,371 9,796 10,279 12,078
Short-term investments 7 61 95 49 30 47 37 29 78
Cash and cash equivalents 1,089 9,807 7,025 7,481 8,632 7,100 5,813 6,373 6,095
Total assets 10,934 98,429 94,090 96,285 96,402 98,451 98,888 105,392 108,394
Total equity and liabilities
Equity
Scania shareholders 3,336 30,035 27,440 26,078 24,481 23,302 22,054 21,596 22,860
Non-controlling interest 0 1 1 1 1 1 1 1 1
Total equity 3,336 30,036 27,441 26,079 24,482 23,303 22,055 21,597 22,861
Non-current liabilities
Interest-bearing liabilities 2,441 21,973 19,104 20,866 21,282 26,504 29,164 31,609 25,605
Provisions for pensions 573 5,158 5,107 5,080 5,005 4,983 4,874 4,878 4,707
Other provisions 262 2,360 1,940 2,025 1,880 1,787 1,828 1,843 1,608
Other liabilities 1, 4 590 5,311 4,669 4,845 4,576 4,738 5,064 5,583 5,783
Current liabilities
Interest-bearing liabilities 1,381 12,433 15,150 17,512 21,426 19,928 18,713 21,229 27,867
Provisions 155 1,394 1,290 1,224 1,128 1,100 1,098 1,257 1,425
Other liabilities 5 2,196 19,764 19,389 18,654 16,623 16,108 16,092 17,396 18,538
Total equity and liabilities 10,934 98,429 94,090 96,285 96,402 98,451 98,888 105,392 108,394
1
Including deferred tax
2
Including derivatives with positive value for
hedging of borrowings 74 667 617 453 566 848 974 545 537
3
Including derivatives with positive value for
hedging of borrowings 131 1,181 1,144 709 579 175 212 225 369
4
Including derivatives with negative value for
hedging of borrowings 48 430 508 664 661 686 839 1,162 1,292
5
Including derivatives with negative value for
hedging of borrowings 40 361 319 372 472 819 709 984 864
Equity/assets ratio, percent 30.5 29.2 27.1 25.4 23.7 22.3 20.5 21.1
*Comparative figures for "Lease assets" and "Other liabilities" at Vehicles and Services have been adjusted to
reflect a change in principles for elimination between business segments.
15
16. Statement of changes in equity
Full year
Amounts in SEK m. unless otherwise stated EUR m. 2010 2009
Equity, 1 January 2,588 23,303 21,938
Net income for the period 1,011 9,103 1,129
Other comprehensive income for the period -174 -1,570 2,236
Dividend -89 -800 -2,000
Total equity at the end of the period 3,336 30,036 23,303
Attributable to:
Scania AB shareholders 3,336 30,035 23,302
Non-controlling interest 0 1 1
Information about segments
Full year
Amounts in SEK m. unless otherwise stated EUR m. 2010 2009
Revenue from external customers, Vehicles
and Services 8,683 78,168 62,074
Revenue from external customers, Financial
Services 466 4,197 4,666
Elimination of intra-segment revenues within
Vehicles and Services -199 -1,797 -1,842
Revenue from external customers, Scania
Group* 8,950 80,568 64,898
Operating income, Vehicles and Services 1,397 12,575 2,648
Operating income, Financial Services 19 171 -175
Operating income, Scania Group 1,416 12,746 2,473
Contingent liabilities
Contingent liabilities at December 31, 2010 amounted to SEK 472 m, a decrease with SEK 7 m.
compared to December 31, 2009.
16
17. Cash flow statement
Full year 2010 2009
Amounts in SEK m. unless otherwise stated EUR m. 2010 2009 Q4 Q3 Q2 Q1 Q4 Q3 Q2 Q1
Operating activities
Income before taxes 1,392 12,533 1,602 3,776 3,352 3,398 2,007 1,236 383 -181 164
Items not affecting cash flow 402 3,615 3,626 1,164 802 838 811 1,080 686 847 1,013
Taxes paid -284 -2,555 -1,136 -737 -580 -720 -518 -264 -287 -536 -49
Cash flow from operating activities
before change in working capital 1,510 13,593 4,092 4,203 3,574 3,516 2,300 2,052 782 130 1,128
of which: Vehicles and Services 1,442 12,981 3,581 4,036 3,409 3,434 2,102 1,949 636 -77 1,073
Financial Services 68 612 511 167 165 82 198 103 146 207 55
Change in working capital etc., Vehicles and Services 190 1,708 5,080 705 -376 768 611 1,315 1,098 2,059 608
Cash flow from operating activities 1,700 15,301 9,172 4,908 3,198 4,284 2,911 3,367 1,880 2,189 1,736
Investing activities
Net investments, Vehicles and Services -312 -2,809 -3,149 -1,249 -638 -575 -347 -769 -625 -948 -807
Net investments in credit portfolio etc., Financial Services 59 531 4,504 -1,368 559 -160 1,500 547 1,553 1,564 840
Cash flow from investing activities -253 -2,278 1,355 -2,617 -79 -735 1,153 -222 928 616 33
Cash flow from Vehicles and Services 1,320 11,880 5,512 3,492 2,395 3,627 2,366 2,495 1,109 1,034 874
Cash flow from Financial Services 127 1,143 5,015 -1,201 724 -78 1,698 650 1,699 1,771 895
Financing activities
Change in net debt from financing activities -1,043 -9,389 -6,549 424 -3,299 -4,063 -2,451 -2,017 -3,302 -788 -442
Dividend to shareholders -89 -800 -2,000 - - -800 - - - -2,000 -
Cash flow from financing activities -1,132
1 132 -10,189
10 189 -8,549
8 549 424 -3,299
3 299 -4,863
4 863 -2,451
2 451 -2,017
2 017 -3,302
3 302 -2,788
2 788 -442
442
Cash flow for the year 315 2,834 1,978 2,715 -180 -1,314 1,613 1,128 -494 17 1,327
Cash and cash equivalents at beginning of period 788 7,100 4,581 7,025 7,481 8,629 7,100 5,813 6,373 6,095 4,581
Exchange rate differences in cash and cash equivalen -14 -127 541 67 -276 166 -84 159 -66 261 187
Cash and cash equivalents at end of period 1,089 9,807 7,100 9,807 7,025 7,481 8,629 7,100 5,813 6,373 6,095
17
18. Number of employees
2010 2009
31 Dec 30 Sep 30 Jun 31 Mar 31 Dec 30 Sep 30 Jun 31 Mar
Production and corporate units 16,542 15,946 15,147 14,250 14,672 14,452 14,885 15,377
Research and development* 3,394 3,264 3,156 3,091 2,642 2,638 2,696 2,792
Sales and service companies 14,987 14,807 14,589 14,419 14,475 14,462 14,527 14,949
Vehicles and Services 34,923 34,017 32,892 31,760 31,789 31,552 32,108 33,118
Financial Services 591 575 567 558 541 533 515 513
Total number of employees 35,514 34,592 33,459 32,318 32,330 32,085 32,623 33,631
*Due to a structural change related to Procurement approximately 450 people were transferred from
"Production and corporate units" to "Research and development" as from January 2010.
18
19. 1
Quarterly data, units by geographic area
2010 2009
Full year Q4 Q3 Q2 Q1 Full year Q4 Q3 Q2 Q1
Order bookings, trucks
Europe 29,176 9,432 6,095 7,197 6,452 14,473 5,436 3,638 3,348 2,051
Eurasia 3,861 1,892 1,126 393 450 739 444 191 69 35
America** 18,868 3,879 4,356 6,194 4,439 11,214 4,324 3,668 1,563 1,659
Asia 12,295 3,866 1,810 3,968 2,651 4,208 1,415 945 1,263 585
Africa & Oceania 3,136 636 674 1,193 633 2,374 693 567 661 453
Total 67,336 19,705 14,061 18,945 14,625 33,008 12,312 9,009 6,904 4,783
Trucks delivered
Europe 23,315 7,976 5,375 5,679 4,285 18,824 5,197 3,804 4,150 5,673
Eurasia 2,369 1,267 398 312 392 1,084 456 187 122 319
America** 18,056 5,143 4,478 4,685 3,750 9,566 3,649 2,026 1,778 2,113
Asia 10,179 3,142 2,760 2,966 1,311 4,843 1,720 939 947 1,237
Africa & Oceania 2,918 840 757 787 534 2,490 606 605 684 595
Total 56,837 18,368 13,768 14,429 10,272 36,807 11,628 7,561 7,681 9,937
Order bookings, buses*
Europe 1,720 652 368 384 316 1,679 504 269 333 573
Eurasia 72 72 0 0 0 33 5 24 4 0
America** 2,358 733 518 642 465 1,538 477 517 312 232
Asia 2,110 528 275 757 550 1,718 410 705 417 186
Africa & Oceania 614 68 202 149 195 826 176 110 253 287
Total 6,874 2,053 1,363 1,932 1,526 5,794 1,572 1,625 1,319 1,278
Buses delivered*
Europe 1,760 416 299 613 432 1,954 563 380 489 522
Eurasia 82 28 22 25 7 130 70 34 11 15
America** 2,104 714 403 499 488 1,421 587 304 232 298
Asia 2,120 395 492 592 641 1,876 617 534 440 285
Africa & Oceania 809 242 244 216 107 1,255 288 210 510 247
Total 6,875 1,795 1,460 1,945 1,675 6,636 2,125 1,462 1,682 1,367
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For more information on the new geographic areas, please see www.scania.com, Investor Relations.
* Including body-built buses and coaches.
**Refers to Latin America
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20. Parent Company Scania AB, financial statements
Full year
Amounts in SEK m. unless otherwise stated EUR m. 2010 2009
Income statement
Operating income* - - -11
Financial income and expenses 557 5,016 2,017
Reversal untaxed reserve - - 814
Income taxes 0 -4 -209
Net income 557 5,012 2,611
Full year
EUR m. 2010 2009
Statement of other comprehensive income
Net income 557 5,012 2,611
Other comprehensive income
Group contributions - -12 -608
Total comprehensive income 557 5,000 2,003
2010 2009
EUR m. 31 Dec 31 Dec
Balance sheet
Assets
Financial non-current assets
Shares in subsidiaries 933 8,401 8,401
Current assets
Due from subsidiaries 889 8,000 3,800
Total assets 1,822 16,401 12,201
Equity and liabilities
Equity 1,822 16,401 12,201
Total shareholders' equity and liabilities 1,822 16,401 12,201
2010 2009
EUR m. 31 Dec 31 Dec
Statement of changes in equity
Equity, 1 January 1,355 12,201 12,198
Total comprehensive income 556 5,000 2,003
Dividend -89 -800 -2,000
Equity, 31 December 1,822 16,401 12,201
* Refers to administrative expenses
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