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2014-07-18

Scania: Scania Interim Report January-June 2014

Scania's earnings for the first half of 2014 amounted to SEK 4,276 m.
Higher service volume was offset by a weaker market mix and negative
currency rate effects. Total order bookings for trucks during the
second quarter were at a high level.

Summary of the first six months of 2014

· Operating income rose by 8 percent to SEK 4,276 m. (3,971)
· Net sales rose by 4 percent to SEK 43,917 m. (42,139)
· Cash flow amounted to SEK 1,313 m. (405) in Vehicles and Services

Comments by Martin Lundstedt, President and CEO:

"Scania's earnings for the first half of 2014 amounted to SEK 4,276 m.
Higher service volume was offset by a weaker market mix and negative
currency rate effects. Total order bookings for trucks during the
second quarter were at a high level. Order bookings in Europe
improved compared to the first quarter of 2014. A somewhat improved
economic situation and the replacement need are supporting demand.
Scania strengthened its position in the European market with
increased market share, among other things through a leading Euro 6
range, which is confirmed by tests in the trade press. Order bookings
in Latin America were in line with the previous quarters. In Asia,
order bookings improved sharply, related to the Middle East. Demand
in Russia was adversely affected by the turbulence in the region. In
buses and coaches, Scania received strategic orders for BRT-systems
in Africa and Latin America. In Engines, order bookings rose, driven
by Europe and Asia. Scania has initiated collaboration on engine
deliveries to Atlas Copco. Scania is continuing its long-term efforts
to boost market share in Services and revenue increased by 5 percent
during the first half of 2014. Financial Services showed a strong
performance and customer payment capacity is good. During the second
quarter, Scania could welcome a clear and long-term ownership
structure as the offer from Volkswagen went through. Cooperation
projects with MAN and Volkswagen can now be intensified, which will
provide support to the growth scenario up to 2020. The level of
activity related to development projects remains high and Scania is
investing in expanded production and service capacity."

For more information please see the attached pdf.

Contact persons

Per Hillström
Investor Relations
Tel. +46 8 553 502 26
Mobile tel. +46 70 648 30 52

Erik Ljungberg
Corporate Relations
Tel. +46 8 553 835 57
Mobile tel. +46 73 988 35 57

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 41,000 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 2013, net sales totalled SEK 86.8 billion and
net income amounted to SEK 6.2 billion. Scania press releases are
available on www.scania.com (http://www.scania.com/se)

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http://news.cision.com/scania/r/scania-interim-report-january-june-2014,...
http://mb.cision.com/Main/209/9618538/268193.pdf

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