Scania's profits soar
28th October 1999, Page 10
28th October 1999
Page 10
Page 10, 28th October 1999
— Scania's profits soar
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Keywords :
Transport, Södertälje Municipality, Scania Ab, Volkswagen Group, Land Transport, Scania, Truck, Buses, Business / Finance
ri Strong demand in western Europe has helped lift Scania's operating profit by 46% for the first nine months of the year.
Scania chief executive Leif Dstling reports an operating profit of £240m (SKr3.64bn): he adds that there is no evidence so far that sales are being hit by the planned merger with Volvo.
West European truck sales increased by 13% to 25,717 compared with the same period last year, while the global total rose by 2% to 33,275. Order bookings rose 3% in western Europe although they remained flat in the UK.
However. in eastern and central Europe sales fell from 1,778 to 988. Scania is now predicting a total west European market of more than 230,000 for 1999.
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Leif Dstling