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As of 4:30 PM 04/22/14 All times are local (Market data is delayed by at least 15 minutes).

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scania ab-unspon adr (SVKBY) Details

Scania AB manufactures and sells trucks and buses, and industrial and marine engines worldwide. It operates through two segments, Vehicles and Services, and Financial Services. The Vehicles and Services segment provides trucks, buses and coaches, and engines, as well as offers services related to its products. This segment provides trucks for long-haulage, distribution, construction, and special-purpose applications; buses and coaches for public transport operators and coach companies; and engines for industrial, marine, and power generation applications, as well as used vehicles. This segment also provides trucks for mining applications, including exploration, development, extraction, material handling, crushing, grinding and sizing, concentration, refining, and mine closure and reclamation. The Financial Services segment offers financial solutions, such as loan financing, lease contracts, and vehicle insurance solutions. In addition, it offers repair and maintenance; vehicle parts; workshop; driver training, support, and coaching; fleet management; tachograph; and vehicle rental services, as well as operates Webshops that offer a selection of merchandise. The company was founded in 1891 and is headquartered in Södertälje, Sweden. Scania AB operates as a subsidiary of Volkswagen AG.

41,903 Employees
Last Reported Date: 10/22/14
Founded in 1891

scania ab-unspon adr (SVKBY) Top Compensated Officers

Chief Executive Officer, President, Member of...
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Chief Financial Officer, Executive Vice Presi...
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President of Scania Latin America Llda
Total Annual Compensation: --
Head of Production & Logistics, Executive Vic...
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Head of Sales & Marketing, Executive Vice Pre...
Total Annual Compensation: --
Compensation as of Fiscal Year 2014.

scania ab-unspon adr (SVKBY) Key Developments

Scania Continues to Invest in Sweden

A new priming painting shop is now being put into service at Scania's cab manufacturing facility in Oskarshamn, Sweden. With the new paint shop, the technical capacity in Scania European production structure will increase from 60,000 to 80,000 truck cabs annually. About SEK 400 million has been invested in a lean and efficient production process. At the new priming paint shop, only 2% of the powder used is wasted. The new priming paint shop is housed in a five-storey building with a total area of 5,000 sq.m. At the production facility, cabs are pre-treated through alkaline degreasing and rinsing, and after that phosphatising, rinsing and drying occur before the primer is applied in powder form and finally dried. The construction of the new paint shop commenced in August 2012, and the alignment of the machinery and processes started in September 2014.

Scania AB (publ) Reports Un-Audited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014

Scania reported un-audited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the nine months, operating income rose by 7% to SEK 6,356 million compared to SEK 5,939 million a year ago. Net sales rose by 6% to SEK 65,638 million compared to SEK 61,864 million a year ago. Income before taxes was SEK 6,016 million compared SEK 5,925 million, net income attributable to the company shareholders was SEK 4,375 million compared SEK 4,238 million, return on equity was 16.4% compared to 17.6%, cash flow from operating activities was SEK 6,814 million compared SEK 6,239 million and net investments, vehicles and services was SEK 3,867 million compared SEK 3,876 million for the last year. Third-quarter net profit dropped 5%, while orders fell. The firm reported net profit attributable to the company shareholders of SEK 1.40 billion ($191 million) compared to SEK 1.5 billion in last year. Year-on-year sales were up 10% to SEK 21.7 billion compared to SEK 17.7 billion in last year, including higher revenue from services. Operating income was SEK 2,080 million compared to SEK 1,968 million, income before taxes was SEK 1,950 million compared SEK 2,011 million, cash flow from operating activities was SEK 2,501 million compared SEK 2,924 million and net investments, vehicles and services was SEK 1,332 million compared SEK 1,347 million for the last year.

Scania AB (publ), Nine Months 2014 Earnings Call, Oct 22, 2014

Scania AB (publ), Nine Months 2014 Earnings Call, Oct 22, 2014


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