Scania doing well though currency and price pressure pressed hard on earnings
Friday, 19 July 2013
Truck manufacturer Scania reported operating income of Skr2.038 million
for the second quarter of 2013. Scania’s earnings for the first half of
2013 fell to Skr 3,971 million. The stronger Swedish krona and a
competitive pricing environment pulled down earnings. Higher vehicle
volume and better capacity utilisation had a positive effect.
Revenues for the quarter were Skr22.798 million, something analysts had
expected an operating profit of Skr2.344 billions and revenues of
Skr21.379 million, according to various consensuses.
Scania’s earnings for the first half of 2013 fell to Skr 3,971
million. The stronger Swedish krona and a competitive pricing
environment pulled down earnings. Higher vehicle volume and better
capacity utilisation had a positive effect. Operating margin was thus
8.9 per cent, against 11.0 per cent expected.
President and CEO, Martin Lundstedt, writes in the press release of
the repost that “Scania’s earnings for the first half of 2013
fell to Skr 3,971 million. The stronger Swedish krona and a competitive
pricing environment pulled down earnings. Higher vehicle volume and
better capacity utilisation had a positive effect."
Details of the report can be found in Scania
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