Scania Earns $1.41 Billion in Financial Year 2010

On February 21, 2010, Scania, the world’s leading commercial vehicle manufacturer, recently released its 2010 fiscal year report, which announced net sales for the fiscal year 2010 were 78.168 billion Swedish kronor and 9.103 billion Swedish kronor (about 1.408 billion U.S. dollars). The profit rate reached 16.3%.

In the global warming environment of the commercial vehicle market, Scania's 2010 orders for heavy trucks and buses totaled more than 74,000, a year-on-year increase of 91%, and delivered nearly 64,000 to global customers throughout the year. Heavy vehicles, an increase of 47% year-on-year. At the same time, the delivery of industrial and marine engines in 2010 also increased by 54% year-on-year.

Among them, Europe is still the main market of Scania. In addition to traditional markets such as Western Europe, the Central and Eastern European market represented by Russia is developing rapidly. In addition, the development of the Latin American market led by Brazil is very strong. At present, it has already replaced Europe as the largest market for Scania buses. The Asian markets including China, Iran, Singapore, South Korea and India are also in a period of vigorous development.

"Scania's 2010 earnings and cash flow set a record in the company's history." Levan Austin, president and chief executive officer of Scania Group, said, "The economic recovery in such markets as Europe, Latin America and Asia Bringing prosperity to the logistics and transportation industry, Scania has satisfied the strong demand for vehicles and accessories in all major markets with its extensive product range, unique modular systems and a well-positioned global production system."

In 2010, Scania continues to maintain its leading position in the global commercial vehicle and engine sectors. The new V8 series heavy-duty trucks launched in April are equipped with a 16.4-liter V8 engine ranging from 500 horsepower to a maximum of 730 horsepower, meeting the highest requirements for long-distance transport for vehicle power and reliability. In the field of industrial engines, Scania's new-generation engine platform that meets EU Stage IIIB and US Tier 4i industrial engine emission standards has been approved by customers worldwide, and has been followed by American Terex and Doosan Infracore. ) OEMs have signed engine supply agreements.

"2010 is a year of full recovery for Scania. Scania withstood the test of the global economic crisis is stronger, and the gradual recovery of the global economy will further benefit Scania's long-term development." Austin said.

Founded in 1891, Scania is one of the world's leading manufacturers of heavy-duty trucks, buses and coaches, as well as industrial engines and marine engines, headquartered in Sweden. Since 1935, including 2009 under the economic crisis, Scania has maintained a good profit record.