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Scania: Scania contests the European Commission's view, but still makes provision

As previously communicated, Scania, along with a number of other truck
manufacturers has been investigated by the European Commission
concerning inappropriate exchange of information during the period

In light of the European Commission's Statement of Objections and
recent developments in the investigation, Scania is now, in
accordance with relevant accounting principles and a prudent
approach, making a provision in order to cover possible fines.

Scania has fully cooperated with the European Commission during the
investigation. However, Scania contests the Commission's view that
the company has entered into a pan-European agreement with other
manufacturers with regard to pricing.

Also, the company has not delayed the introduction of new engines
compliant with EU-legislation for exhaust emissions.

The company will fully exercise its rights of defence in the ongoing

The provision of SEK 3.8 billion will have an impact on operating
income in the second quarter of 2016. Scania will publish its Interim
Report for the period January-June 2016 on 28 July 2016.

For further information, please contact Hans-Åke Danielsson, Press
Manager, tel. +46 8 553 856 62.

Scania is a part of Volkswagen Truck & Bus GmbH and one of the world's
leading manufacturers of trucks and buses for heavy transport
applications. Scania is also leading provider 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 44,000 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 2015, net sales totalled SEK 95
billion and net income amounted to SEK 6.8 billion. Scania press
releases are available on (


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