Scania's (STO:SCVA)(STO:SCVB) earnings for the first quarter amounted to SEK 2,323 m. Lower vehicle deliveries and lower capacity utilisation pulled down earnings, as did higher costs for future-related projects.
Summary of the first three months of 2012
- Operating income fell to SEK 2,323 m. (3,339), and earnings per share fell to SEK 2.24 (3.14)
- Net sales decreased by 3 percent to SEK 20,127 m. (20,692)
- Cash flow amounted to SEK 1,763 m. (1,129) in Vehicles and Services
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Scania is one of the world's leading manufacturers of trucks and buses for heavy transport applications, and of industrial and marine engines. Service-related products account for a growing proportion of the company's operations, assuring Scania customers of cost-effective transport solutions and maximum uptime. Scania also offers financial services. Employing some 37,500 people, the company operates in about 100 countries. Research and development activities are concentrated in Sweden, while production takes place in Europe and South America, with facilities for global interchange of both components and complete vehicles. In 2011, net sales totalled SEK 87.7 billion and net income amounted to SEK 9.4 billion. Scania press releases are available on www.scania.com
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