Scania interim report - january - september 2003

10/27/2003 6:56 AM EST

SCANIA INTERIM REPORT - JANUARY - SEPTEMBER 2003

"Scania's profit has, during the first nine months of the year, been in
line with my expectations. Economic growth in Scania's main markets in
western Europe was weak but is expected to improve somewhat next year.
Earnings for the rest of 2003 is expected to remain at a satisfactory
level," says Leif Östling, President and CEO.


FIRST THREE QUARTERS IN BRIEF Nine months Change Q3
in %
Units 2003 2002 2003 2002
Trucks and buses
- Order bookings 35,45 35,16 1 10,56 10,922
1 6 6
- Deliveries 35,46 30,26 17 10,99 9,165
9 1 4

Revenue and earnings
SEK m. (unless otherwise
stated)
· Revenue, Scania 36,58 33,83 8 11,56 10,381
Group 6 7 7

Operating income, Vehicles and 3,360 2,189 53 803 628
Service
Operating income, Customer 276 248 11 100 82
Finance
Operating income, Scania 3,636 2,437 49 903 710
products
Operating income in divested - 550 - -
car operations
Operating income, Scania Group 3,636 2,987 22 903 710
Income before taxes 3,204 2,462 30 765 532
· Net income 2,119 1,831 16 495 372

Operating margin, Scania 9.9 7.2 7.8 6.8
products, percent
Return on equity, percent1 17.8 11.7
Return on capital employed, 21.4 13.7
Vehicles and Service, percent1
· Earnings per share, 10.60 9.16 2.48 1.86
SEK
Cash flow excluding Customer 940 2,137 387 1,149
Finance and
divestments/acquisitions of
companies
Number of employees, 30 28,96 28,21
September 0 2

Number of shares: 200 million
1 Calculations are based on rolling 12-month income.
Unless otherwise stated, all comparisons in brackets refer to the same
period of last year.
This report is also available at www.scania.com


Contact persons:
Johan Haeggman, Corporate Relations tel. +46-8 5538 0053,
mobile tel. +46-70 383 5200
Joanna Daugaard, Investor Relations tel. +46-8 5538 3716,
mobile tel. +46-70 518 3716
Torbjörn Boije, Corporate Control tel. +46-8 5538 2228,
mobile tel. +46-70 591 5016