Scania talks sales with release of interim results

Scania has reported a 29 per cent boost in sales in the third quarter and a 9 per cent boost overall so far in 2022

Scania has released its interim sales report on heavy vehicle data for both the third quarter and for 2022 to date.

In the third quarter, net sales increased by 29 per cent, while sales increased by nine per cent for 2022 as a whole.

Scania president and CEO Christian Levin says the third quarter has featured a rise in inflation and interest rate hikes globally.

“Demand for Scania’s trucks remains strong globally but in some European markets we can see slightly lower transport activity among our customers. This is however not reflected in the order intake,” Levin says.

“The order book for trucks is still large and we are continuing to be restrictive in the placing of orders to ensure the quality of the order book and the ability to adjust prices to the high cost inflation.”

In the bus and coach sector, large parts of operations have continued to recover.

“In Scania’s bus and coach operations the recovery is continuing in line with the improving pandemic situation in large parts of the world. Within Power Solutions, demand is also strong, due to high activity among OEM manufacturers. Scania’s important service business is continuing to grow and underlying demand also remains robust in the Financial Services segment,” Levin says.

“The supply chain, which was disrupted by component shortages for much of the year, is now more stable and during the quarter we managed to increase the volume of deliveries to our customers. The bottle neck of the supply chain has shifted from components, to a lack of transport capacity due to Russia’s war against Ukraine.    

“Increased sales in the third quarter had a positive impact on earnings, partly offset by increased cost of input goods and less than full capacity utilisation in production. Earnings were also impacted negatively by write-downs related to the disposal of Scania’s business activities in Russia.”

Scania says it will continue to boost results as it looks towards electrification.

“Scania is continuing its electrification journey and at the IAA trade fair we showcased an extensive offering of electric vehicles, including our latest addition – an electric truck for regional transport. We also pushed for biogas, a solution that will need to be used increasingly if we are to reach the climate targets, especially in light of the energy crisis,” Levin says.

“Scania displayed its expanded biogas offering for heavy trucks by introducing two new biogas engines, which goes hand in hand with the major initiative in tank solutions for gas-powered vehicles we unveiled earlier this year. The new 13-litre engines offer 420 or 460 horsepower, thus covering a very large share of that part of the European truck market which needs more powerful solutions, including long-haulage trucks.” 

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