Scania Interim Report January–June 2013

Scania’s earnings for the first half of 2013 fell to SEK 3,971 m. The stronger
Swedish krona and a competitive pricing environment pulled down earnings. Higher
vehicle volume and better capacity utilisation had a positive effect.

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

Comments by Martin Lundstedt, President and CEO:
“Scania’s earnings for the first half of 2013 fell to SEK 3,971 m. The stronger
Swedish krona and a competitive pricing environment pulled down earnings. Higher
vehicle volume and better capacity utilisation had a positive effect. Scania’s
order bookings in Europe continued to improve during the second quarter. The
economic climate remains uncertain, but there is a replacement need. Demand is
also supported by customers that are investing in Euro 5 vehicles before year
-end, when the transition to the Euro 6 emission standard will occur. In some
markets there is a demand for Euro 6, and Scania is well-positioned due to the
launch of its second-generation Euro 6 engines. The company’s market share in
Europe has increased, among other things thanks to its leading position in Euro
6. In Latin America, too, Scania has captured market shares. Order bookings in
Brazil and Argentina remained at a high level. Order bookings for buses and
coaches outside Europe were at a good level. In engines, order bookings
increased compared to the first quarter, related to America. Scania is
continuing to develop its service business and volume is increasing, but the
stronger krona is adversely affecting revenue. In southern Europe, lower
economic activity is also negatively impacting service demand. In light of
improved order bookings in Europe, Scania will increase its daily production
rate during the third quarter in order to maintain short delivery times. A
further increase is planned, starting in the fourth quarter. Scania is
continuing its efforts to expand annual technical production capacity towards
120,000 vehicles. To strengthen competitiveness, the level of activity related
to development projects remains high, at the same time as Scania is expanding
the sales and service organisation in emerging markets.”

For more information please see attached pdf.
Contact persons
Per Hillström
Investor Relations
Tel. +46 8 553 502 26
Mobile tel. +46 70 648 30 52

Erik Ljungberg
Corporate Relations
Tel. +46 8 553 835 57
Mobile tel. +46 73 988 35 57