Scania releases first quarter results

In Scania’s Interim Report January-March 2011, the manufacturer revealed that the company’s operating income had risen to SEK 3,339 million, up by 57 percent from the same period in 2010.

Scania President and CEO, Leif Östling attributed this growth to higher vehicle and service volume and higher capacity utilisation.

Although demand in Europe was relatively strong at the end of 2010, the last quarter experienced lower order bookings. Truck deliveries however increased to 17,562, up from 10,272 in the same period last year.

Eurasia saw the strongest growth of 235 percent, up 1313 from 392 in 2010. Europe still maintained the highest sales with 8246 units delivered, an increase of 92 percent. The American market remained quite stable with 3861 units delivered, a difference of only 111 trucks. Asia saw sales up 1311 to 3414, and the Africa and Oceania region saw sales increase from 534 to 728 units.

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