Scania's profits soar
28th October 1999, Page 10
28th October 1999
Page 10
Page 10, 28th October 1999
— Scania's profits soar
Close
Noticed an error?
If you've noticed an error in this article please click here to report it so we can fix it.
If you've noticed an error in this article please click here to report it so we can fix it.
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.