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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 years.
Demand for Scania’s products and services remained high in 2023, although in some key markets it decreased from previously very high levels. Scania managed to stabilise the vehicle order-to-delivery flow significantly and increased deliveries by 13 percent compared with previous year. Earnings reached record levels, positively impacted by higher vehicle and service volume, a strong price and product mix, and currency effects. Inflation, higher raw material prices and some remaining supply chain disturbances impacted earnings negatively.
The fourth quarter was strong, with vehicle deliveries increasing by 8 percent and the service business growing by 6 percent in local currency, compared with the same period last year. Vehicle order intake in the fourth quarter decreased by 5 percent, reflecting more normal demand levels in some of Scania’s key markets in Europe.
“Like many other businesses, Scania is adapting to a world where the ‘new normal’ means uncertainty and constant disturbances. While we managed to stabilise flows in 2023 and deliver a strong financial performance, we are still working hard together with partners and bodybuilders to improve delivery precision for our customers,” says CEO, Christian Levin. Read more
Source: SCANIA
