Company Profile For Scania AB

Scania AB is a Sweden-based manufacturer of heavy trucks and buses, as well as industrial and marine engines. It is also a supplier of services related to the transport of goods and passengers by road. The Company’s activities comprise five principal business areas. The Trucks area develops, manufactures and sells trucks with a gross vehicle weight of more than 16 tons (Class 8), intended for long-distance, construction and distribution haulage, as well as public services. The Bus and coaches area is concentrated on buses and coaches for use as tourist coaches, as well as in urban and intercity traffic. The Engines area includes industrial and marine engines that are used in electric generator sets, construction and agricultural machinery, as well as in ships and pleasure boats. The Services area provides service-related products for transport and logistic companies. The Financial services include such services as loan financing, leases and insurance solutions.

BRIEF: For the nine months ended 30 September 2009, Scania AB's revenue decreased 34% to SEK43.71B. Net income for the period decreased 96% to SEK307M. Revenue reflects decreased sales in the Trucks, Engines and Used Vehicles products business segments, as well as decreased revenue in Western Europe. Net income for the period suffered from increased interest- and depreciation charges and higher bad debt expenses.