Scania Interim Report January–June 2015

Summary of the first six months of 2015

Scania (STO:SCVA) (STO:SCVB)

· Operating income rose by 11 percent to SEK 4,737 m. (4,276)

· Net sales rose by 7 percent to SEK 46,798 (43,917)

· Cash flow amounted to SEK 1,106 m. (1,313) in Vehicles and Services

Comments by Per Hallberg, President and CEO:

"Scania’s market share in Europe increased to a record high 17.2 percent during the first half of 2015. This can be compared to 15.3 percent during 2014. The increase was partly related to the early and successful introduction of the Euro 6 range but also to increased sales activities in new segments. Scania’s sales rose to SEK 46.8 billion and earnings in the first half of 2015 amounted to SEK 4,737 m. Higher vehicle volume in Europe, growing service revenue and currency rate effects had a positive impact on earnings. Lower deliveries to Latin America and Eurasia impacted negatively. Total order bookings for trucks during the second quarter increased compared to the previous quarter due to strong demand in Europe and an increase in Latin America and Eurasia. However, compared to previous years, demand was still weak in Brazil and Russia. In Asia, order bookings were somewhat lower than previous quarter. In Buses and Coaches and also in Engines, order bookings were slightly lower than the previous quarter. Scania has entered into new partnerships with major OEMs and will supply engines for airport product vehicles to Oshkosh Corporation and for excavators and wheel loaders to Hyundai Heavy Industries. Scania is continuing its long-term efforts to boost market share in Services and revenue surpassed SEK 10 billion in the first half of 2015. The level of activity related to development projects remains high and Scania is investing in expanded production and service capacity.”

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