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Prime Mover Magazine

Scania reports global growth, increases sales

Commercial vehicle manufacturer, Scania, has announced its financial results for January to December 2018.

Net sales increased by 11 per cent to $20.839 million on the year prior.

Deliveries of trucks, buses, coaches and engines hit all time levels despite disruptions to its supply chain notably stop work action at affected one of its V8 engine manufacturers in June.

Truck bookings fell across Europe by 13 per cent with decline felt across France, the Netherlands, Belgium and Denmark offset by an increase in Great Britain.

Lower order bookings in Latin America were seen in Brazil and Argentina over the fourth quarter in response to the industrial changeover to the Scania New Truck Generation.

“With the changeover of production in Latin America during the first quarter of 2019, we will have completed the global transition to Scania’s new truck generation,” said Henrik Henriksson Scania CEO and Director.

“This final stage of the changeover will lead to some limitations in the flexibility and capacity of our global production system. There is still a higher than normal cost situation in general for products and production related to the new truck generation. Measures to normalise cost levels have been introduced,” he said.

“2018 was a year of continued growth and of records in many areas, while we carried out the biggest industrial transition in the company’s history.”

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