Scania publishes Annual and Sustainability Report for 2023: ‘Significant growth in sales and earnings and continued progress on sustainability performance’

by

in

SÖDERTÄLJE, Sweden, March 5, 2024 /PRNewswire/ — Scania continued performing strongly during the year, increasing both sales and earnings significantly. Scania’s Annual and Sustainability report is published today, detailing its financial, social and environmental performance in 2023.

Summary of the full year 2023: 

Scania Group net sales grew by 28 percent to SEK 204.1 billion (159.2)
Adjusted operating income reached SEK 26.0 billion (14.0) and adjusted operating margin was 12.7 percent (8.8)
Deliveries increased by 13 percent to 96,727 vehicles, whereof Zero Emission Vehicles (ZEV) amounted to 246 units (262)
Revenue from the service business increased by 11 percent adjusted for currency
Order intake increased by 2 percent to 84,080 vehicles

Summary of the fourth quarter 2023:

Scania Group net sales grew by 21 percent to SEK 60.0 billion (49.7)   
Adjusted operating income reached SEK 7.4 billion (5.3) and adjusted operating margin was 12.3 percent (10.7)
Deliveries increased by 8 percent to 28,984 vehicles, whereof Zero Emission Vehicles amounted to 57 units (115)
Revenue from the service business increased by 6 percent adjusted for currency
Order intake decreased by 5 percent to 22,299 vehicles

A strong finish to a record year

2023 was another year where geopolitical and macroeconomic instability had an impact on the business environment. However, Scania was able to navigate through this, proving its financial resilience and ability to deliver sustainable growth. In 2023, Scania’s sales reached over 200 SEK billion: a doubling of sales revenue in just seven …

Full story available on Benzinga.com