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abstract of the first three months of 2021
- web income elevated through 8 percent to SEK 35,708 m. (33,051)
- operating profits accelerated by means of fifty five % to SEK 4,657 m. (3,005)
- working margin amounted to 13.0 (9.1) p.C
- cash flow amounted to SEK 2,862 m. (1,441) in motors and functions
comments by using Christian Levin, President and CEO
“the primary quarter of the year was characterised via a high degree of endeavor each so as consumption and deliveries, regardless of fundamental difficulties regarding pandemic restrictions and the provide chain. Scania managed to deliver powerful earnings and an operating margin of 13 % and we noticed that the tough work with the charge constitution that changed into conducted closing year is paying off.
net income amounted to virtually SEK 36 billion during the primary quarter of 2021, an increase of eight p.C. Automobile deliveries rose by way of 27 % and repair salary accelerated by way of 5 p.C in native forex. Deliveries of vigour options diminished by using 12 % compared to remaining 12 months’s excessive level. In financial features, the variety of new financed motors elevated and our client’s capacity to pay based on plan persevered to improve.
The scarcity of semiconductors and different accessories is impacting the whole trade. Despite an forthcoming possibility of production disruptions Scania, as one of the crucial few European manufacturers, has managed to preserve a excessive creation fee without any stoppages as a result of shortage of add-ons in the first quarter. This is because of excessive and a hit pass-useful efforts in shut collaboration with our suppliers. In the European equipment the every day creation tempo for vans is a little bit reduced all through a number of number of days in the second quarter, as a temporary measure to deal with the shortage of semiconductors.
After ultimate 12 months’s uncertainty due to the pandemic, the recovery sought after has endured to be strong throughout this quarter. Our purchasers’ means utilisation is good and statistics gathered from related Scania vehicles show a excessive stage of transport exercise, specifically within the lengthy haulage and construction segments. On the bus and instruct facet, the low level of undertaking continues, in particular for coaches, whereas the circumstance for city buses is somewhat more advantageous. The investment want that follows the excessive transport activity of our truck consumers has also been viewed in the order books during the quarter. Order intake for vans is powerful in pretty much all markets, while it is weaker for buses and coaches.
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throughout the quarter, we begun the development of our new battery meeting plant in Södertälje. The ability which can be completely operational by using 2023, obviously demonstrates our decision to take a number one position in heavy car electrification. Operating an on-website battery assembly plant is a prerequisite for massive-scale creation of electric automobiles. To carry expanding volumes of electric powered vehicles is crucial for Scania’s dedication to fulfil our climate pursuits.
As new to the CEO position – however after 25 years within the business – i’m longing for continuing to pressure the shift to sustainable transport with Scania within the lead. The approach is still and to be able to convey on the strategy, we accelerate the ongoing transformation of the enterprise.”
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