Scania cites higher truck deliveries and favorable currency effects for improved Q3 profitability
CEO Christian Levin attributes the performance growth to a favorable product mix, expanding services business, and positive currency impacts.
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Commercial vehicle manufacturer and transport solutions provider
scania.comLast updated
In short: Scania reported improved third-quarter profitability despite softer European demand and rising electric truck orders.
CEO Christian Levin attributes the performance growth to a favorable product mix, expanding services business, and positive currency impacts.
Sales revenue rose 5% to SEK 49.1 billion with improved profitability. Deliveries increased 3%, while order intake slightly decreased by 2%.
Sales revenue rose 6% to SEK 53.1B, adjusted return on sales 11.6%, deliveries up 7% to 26,274 vehicles.
Despite lower unit sales and negative currency effects, profitability remains supported by cost efficiency and resilient service business.
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