Scania Interim Report; January - June 2000

Results

First half of 2000, compared to first half of 1999

--Number of trucks and buses sold: 27,647 (24,869), an increase of 11 percent

-- Sales of service-related products rose by 15 percent.

-- Sales: SEK 26,368 m. (23,419) [USD 2,992 m. (2,657)] ,an increase of 13 percent.

-- Operating income: SEK 2,156 m. (2,503) [USD 244 m. (284)].

-- Operating margin: 8.2 (10.7) percent.

-- Operating income in customer finance operations rose to SEK 80(69)[USD 9 m. (8)].

-- Income after financial items: SEK 1,846 m. (2,240) [USD 210 m.(254)].

-- Net income: SEK 1,277 m. (1,554) [USD 146 m. (176)].

-- Earnings per share: SEK 6.40 (7.75) [USD 0.73 (0.88)].

-- Operating cash flows, excluding acquisitions of companies:SEK 1,474 m. (707) [USD 168 m. (80)].

Second quarter of 2000, compared to second quarter of 1999

-- Number of trucks and buses sold: 14,641 (11,959).

-- Sales: SEK 13,693 m. (11,640) [USD 1,554 m. (1,320)].

-- Operating income: SEK 1,051 m. (1,263) [USD 120 m. (143)equivalent to a margin of 7.7 (10.9) percent.

-- Operating cash flows: SEK 993 m. (851) [USD 112 m. (97) Market

First half of 2000, compared to first half of 1999

  • Order bookings for heavy trucks in western European markets rose by 18 percent.

  • Scania's market share for heavy trucks in western
    Europe rose to 15.8 (14.9) percent.

  • In Latin America, heavy truck deliveries declined marginally,
    while order bookings increased.

  • Scania's market share in Brazilamounted to 28.6 (32.4) percent.

Second quarter of 2000, compared to second quarter of 1999 * Order bookings for heavy trucks in western European markets rose by 12 percent.

  • Order bookings from markets in Asia and in central and eastern
    Europe were very strong.

  • In Latin America, order bookings for heavy
    trucks rose by more than 10 percent.

  • The demand for buses and coaches in Latin America was strong,
    and order bookings rose sharply from a low level.

Outlook

"Based on a good market development for Scania products, our ambition is to continue with double digit margin" concludes Leif Ostling, Scania's President and CEO.

Including the acquired distributors in Finland, Norway and Latvia.

Translated solely for the convenience of the reader at an exchange rate of SEK 8.8125 = USD 1.00. Unless otherwise stated, all comparisons refer to the same period of last year.

This report is also available at www.scania.com






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