SWEDEN: Scania H1 net income up 74% on divestments; warns of market uncertainties
Scania has announced financial results for the first half of 2001 which show a sharp increase in net income to SEK 1,459 million against 838 million in the same period of last year. A large part of the improvement reflected the divestment of the importer operations of Svenska Volkswagen AB and the dealership chain Din Bil AB to Volkswagen. The combined purchase price amounted to more than SEK 1.3 billion, and the capital gain was SEK 550 m. In terms of liquidity, the divestments represent a positive effect of more than SEK 1.5 billion.
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