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Scania profits drop by 19%

7th March 1991, Page 17
7th March 1991
Page 17
Page 17, 7th March 1991 — Scania profits drop by 19%
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Which of the following most accurately describes the problem?

• Profits at Saab-Scania's truck division fell by 19% in 1990, although the group's profits rose by 35%, according to the group's year-end results.

Scania was hit hard by plummeting truck sales in the UK and Spain, but held its 12% share of the pan-European market, helped by increased sales in Germany.