Sales hiccup for Scania in Europe
6th November 1997, Page 12
6th November 1997
Page 12
Page 12, 6th November 1997
— Sales hiccup for Scania in Europe
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• Scania is warning that a rush of orders will extend delivery times to five or six months.
The company reports a fall in its market share and warns that truck prices are still under heavy pressure in Europe. Its share of the western European truck market for the first nine months of the year fell from 15.5% to 14.9%, and its operating profit was down from SKr2.43bn (,C192m) to Skr2.04bn (C161m). Total deliveries fell by 6%.
But the outlook is brighter. Orders for Scania heavy trucks in western Europe rose by 20%, and in eastern Europe markets deliveries surged 75% compared with the same period last year.