Scania Group Q1 Report 2024

Total net sales of Vehicles and Services increased by 18 percent to SEK 55,051 m. (46,729), positively impacted by higher truck volumes. Adjusted for currency effect total net sales increased by 17 percent.

Net sales of Trucks increased by 26 percent to SEK 37,597 m. (29,782) due to higher volumes, price increases and a positive product mix. Adjusted for currency effect net sales of Trucks increased by 25 percent.

Net sales of Services increased by 4 percent to SEK 10,916 m. (10,520). Adjusted for currency effect Service net sales increased by 3 percent.

Operating income for Vehicles and Services amounted to SEK 7,582 m. (6,200) in the first quarter. Currency effects impacted positively by SEK 455 m. The operating margin improved to 13.8 percent (13.3).

Items affecting comparability amounted to SEK -403 m. (16), related to the close down of body production for Scania’s bus chassis in Poland and civil claims connected to EU truck case. The adjusted operating income amounted to SEK 7,985 m. (6,185) corresponding to a margin of 14.5 percent (13.5).

For further details see Note 8 Items affecting comparability.

Net Cash Flow

  • The cash flow in the segment Vehicles and Services generates all the cash flow in the Scania Group.
  • Vehicles and Services
  • For the first quarter, cash flow in Vehicles and Services amounted to positive SEK 7,060 m. (positive 4,948). Change in working capital had a positive impact of SEK 1,379 m. (negative 3,943). Net investments amounted to negative SEK 3,074 m. (positive 2,266), including negative SEK 979 m. (negative 681) in capitalization of development expenditure.

Net Debt

  • The Group’s net cash position increased by SEK 4,643 m. to SEK 32,749 m. due to positive cash flow from the operations.
  • The net cash position in Vehicles and Services increased by SEK 4,365 m. to SEK 32,813 due to positive cash flow from the operations.

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