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1 Interim Report January –March 2005 Leif Östling President and CEO.

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Presentation on theme: "1 Interim Report January –March 2005 Leif Östling President and CEO."— Presentation transcript:

1 1 Interim Report January –March 2005 Leif Östling President and CEO

2 2 Key figures First quarter 2005 Order bookings15,441 vehicles -1% Deliveries13,256 vehicles +7% RevenueSEK 13,873 m. +6% Operating margin12.1% (11.2%) Net incomeSEK 1,155 m.+19% Earnings per shareSEK 5.78 (4.87)

3 3 Total order bookings Trucks and bus chassis 2001200220032004 2005 0 2,000 4,000 6,000 8,000 10,000 12,000 14,000 16,000 Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1 Units

4 4 Market developments Europe - trucks Continued good developments in the Nordic countries Weaker development in Germany, the Netherlands and Great Britain Current year an off year for western European growth Western EuropeCentral and eastern Europe Increased deliveries Decreased order bookings especially in Poland Continued exports of used vehicles to central and eastern Europe

5 5 Market developments Other markets - trucks Latin America Increased order bookings Continued strong market Africa, Asia and Oceania Lower order bookings, mainly in Turkey and South Korea

6 6 Increased demand Good growth in Brazil, Sweden and Great Britain Order bookings rose by 48% Deliveries increased by 20% Buses and coaches

7 7 Registrations Heavy trucks, western Europe 0 50,000 100,000 150,000 200,000 250,000 300,000 1974197919841989199419992004 Registrations

8 8 Interim Report January – March 2005 Jan Gurander Group Vice President and CFO

9 9 Key figures First quarter 2005 Deliveries 13,256 vehicles +7% RevenueSEK 13,873 m. +6% Operating income SEK 1,679 m. +15% Operating margin 12.1% (11.2%) Net incomeSEK 1,155 m. +19% Return on equity 21.4% (17.9%) Return on capital employed29.0% (23.1%)

10 10 Scania in brief First quarter 2005 Used vehicles etc. 12% Buses 8% Trucks 58% Revenue by product areaDeliveries by market Africa, Asia and Oceania 14% Central and eastern Europe 10% South America 16% Western Europe 60% Engines 1% Service-related products 21%

11 11 Revenue by market January-March Amounts in SEK m. 20052004Change in % Great Britain1,8132,002-9 Brazil98179923 Germany9578829 Sweden8918317 France827877-6 Italy8077764 Finland73858327 The Netherlands71965110 Spain698814-14 Norway58745728

12 12 Operating income Scania Group Note: Excluding divested car operations 0 500 1,000 1,500 2,000 2,500 Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1 0 2 4 6 8 10 12 14 16 2001200220032004 2005 SEK m.Operating margin, %

13 13 Operating income Vehicles and Service SEK 1,553 m. SEK 1,362 m. Q1 2005 Q1 2004 New truck range Higher volume Service business Increased material cost R&D expenditures

14 14 Operating income Customer Finance SEK 126 m. SEK 103 m. Q1 2005 Q1 2004 Interest margin Lower credit losses Operating expenses

15 15 Size of portfolio Customer Finance 0 5,000 10,000 15,000 20,000 25,000 30,000 19941995199619971998199920002001200220032004 Q1 2005 SEK m.

16 16 Cash flow Vehicles and Service Note: Excluding acquisitions/divestments and Customer Finance 2001200220032004 2005 0 200 400 600 800 1,000 1,200 1,400 1,600 1,800 Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1 SEK m.

17 17 Net debt Vehicles and Service Note: Excluding Customer Finance 0 2,000 4,000 6,000 8,000 10,000 2001200220032004 2005 Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1 SEK m.

18 18 Conclusions Demand for heavy trucks subdued in western Europe Increased demand for buses and coaches Service business and Customer Finance - continued good development Continued replacement need over the next few years Changeover in Europe completed Scania completed its offer on Ainax

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