Better bus business for Scania

Despite achieving discouraging results at Group level, Scania’s bus business figures in the nine months ending September 2013 were up. Operating income for the company as a whole fell to £581m/SEK5,939m (2012: £600.1m/SEK6,135m) and earnings per share dropped to 30.52/SEK5.30 (£0.58SEK5.94). Its cash flow amounted to £133.2m/SEK1,362m (£212.8m/SEK2,176m).

Scania’s order bookings for buses and coaches improved during the first nine months of 2013, having received major orders from Russia, Malaysia and Taiwan. The company’s total increased by 25% to 5,755 units (2012: 4,612 units). During the third quarter, order bookings fell by 10% to 1,334 units (1,488 units) compared to the same quarter of the year. In Europe, order bookings amounted to 187 units (2012: 193 units). Its bus and coach deliveries totalled 4,862 units (2012: 4,647 units).