Scania’s truck market share in Europe down slightly from last year
Net sales for Scania have reached a record high in 2017, according to the company’s quarterly report.
The European truck manufacturer says higher vehicle and service volumes were partly offset by the high investment level related to Scania’s new truck generation.
In the first three months of 2017, Scania’s operating income rose by 35 per cent to SEK3,081 million ($472.3 million) and net sales increased by 23 per cent to SEK28.4 billion ($4.35 billion).
“Demand for trucks in Europe remains very strong due to the positive economic situation,” Scania CEO Henrick Henriksson says.
“Scania’s market share for trucks in Europe amounted to 16.8 per cent compared to 17.4 per cent in 2016.
“Whether through fuel-efficient diesel vehicles or through alternative fuels, sustainability and profitability go hand in hand according to Scania.
“Apart from offering the industry’s most energy-efficient powertrains, Scania is making dedicated efforts to reduce transport companies’ dependence on fossil fuels.
“Scania has the market’s broadest range of hybrids and engine alternatives for all commercially available biofuels.
“All of Scania’s standard vehicles may be operated using biodiesel and up to 100 per cent hydro-treated vegetable oil (HVO).”