Scania annual report 2003

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SCANIA IN BRIEF TRUCKS Key figures 2003 2002 2001 Scania develops, manufactures and markets trucks with a gross vehicle weight of more than 16 tonnes (Class 8), intended for long-distance, construction and distribution haulage. Sales revenue SEK m. 40,000 29,139 29,537 30,000 27,184 20,000 10,000 Deliveries, units Trucks 45,045 39,895 43,659 Buses 4,910 3,774 4,672 Total 49,955 43,669 48,331 Sales revenue, SEK m. Scania products 50,581 47,285 48,310 0 2001 2002 2003 Divested car operations – – 4,755 BUSES Scania’s bus and coach operations focus on heavy buses with high passenger capacity for use as tourist coaches and in intercity and urban traffic. Most of Scania’s bus production consists of chassis on which bodies are built by independent specialist bodybuilding companies. Sales revenue SEK m. 6,000 5,115 4,701 3,991 4,000 2,000 0 2001 2002 2003 Total 50,581 47,285 53,065 Operating income, SEK m. Scania products 5,125 3,856 2,467 Divested car operations – 550 – Total 5,125 4,406 2,467 Operating margin, % Scania products 10.1 8.2 5.1 Income before taxes, SEK m. 4,604 3,722 1,541 Net income, SEK m. 3,034 2,739 1,048 SERVICE Earnings per share, SEK 15.17 13.70 5.24 Sales revenue Cash flow excluding Customer Finance operations, SEK m. 1 2,450 3,583 2,066 By continuously increasing the range of service-related products, Scania helps its customers achieve increasingly costeffective solutions. SEK m. 12,000 10,603 10,759 10,151 8,000 Return, % on shareholders’ equity 17.4 17.2 6.5 on capital employed 2 22.0 17.4 9.1 Net debt/equity ratio 2 0.17 0.31 0.58 4,000 Equity/assets ratio, % 27.7 25.6 23.4 0 2001 2002 2003 Capital expenditures for fixed assets, SEK m. 3,196 3,025 1,980 INDUSTRIAL AND MARINE ENGINES Scania’s industrial and marine engines are used in a variety of applications at sea and on land. CUSTOMER FINANCE Financial services are an important part of Scania’s complete product range. For customers, financing is often one element of cost-effective total solutions for their transport business. Customers can choose between loan financing, various forms of leases and insurance solutions. Research and development expenditures, SEK m. 3 2,153 2,010 1,955 Number of employees, 31 December 29,112 28,230 28,541 1 Including acquisitions/divestments of businesses. 2 Vehicles and Service. 3 From 2002 onward, including capitalised development expenditures, amounting to SEK 669 m. in 2003 and SEK 573 m. in 2002. ANNUAL REPORT 2003 2
Deliveries by market area, 2003 THE WORLD OF SCANIA Other markets 4% Asia 12% Latin America 12% Central and eastern Europe 8% Western Europe 64% Sales revenue by product area, 2003 Buses and coaches 10% Industrial- and marine engines 1% Used vehicles and other products 13% Service-related products 20% Trucks 56% SCANIA’S TEN LARGEST TRUCK MARKETS Change Units 2003 2002 in % Great Britain 6,570 5,050 30 Brazil 4,106 3,205 28 France 3,720 3,871 –4 Spain 3,448 3,171 9 Germany 3,436 3,628 –5 Italy 2,826 3,358 –16 The Netherlands 2,102 1,958 7 South Korea 1,985 1,736 14 Sweden 1,870 1,907 –2 Turkey 1,515 226 570 SCANIA’S FIVE LARGEST BUS MARKETS Change Units 2003 2002 in % Brazil 503 327 54 Great Britain 459 188 144 Spain 458 394 16 Italy 310 347 –11 Mexico 287 424 –32 PRODUCTION UNITS Sweden (number of employees) Södertälje (4,540) Production of components, engines, trucks and bus chassis. Falun (650) Production of axles. Luleå (850) Production of frame members and rear axle housings. Oskarshamn (2,100) Production of cabs. Sibbhult (505) Production of gearboxes. Argentina Tucumán (575) Production of gearboxes and rear axle gears. Brazil São Paulo (1,910) Production of engines, axles, cabs, trucks and bus chassis. Mexico San Luís Potosí (50) Production of bus chassis. France Angers (525) Assembly of trucks. The Netherlands Zwolle (1,375) Assembly of trucks. Poland S upsk (330) Assembly of bus bodies. Russia St. Petersburg (130) Assembly of bus bodies. SALES AND SERVICE UNITS Altogether, Scania is represented in about 100 countries through 1,000 local distributors and 1,500 service points. 3 ANNUAL REPORT 2003
Page 1 and 2: ANNUAL REPORT 2003
Page 3: NOMINEE SHARES To be entitled to pa
Page 7: Road safety conference in Brussels.
Page 10 and 11: STATEMENT OF THE PRESIDENT AND CEO
Page 12 and 13: THE WORK OF THE BOARD The Board and
Page 14 and 15: GOALS AND STRATEGIES Strategy for p
Page 16 and 17: EMPLOYEES Scania grows with its emp
Page 18 and 19: SCANIA’S ROLE IN SOCIETY Long-ter
Page 20 and 21: CUSTOMERS Customer demands shape ne
Page 22 and 23: CUTOMERS AND PRODUCTS Tailor-made v
Page 24 and 25: CUSTOMERS AND SERVICE Maximum uptim
Page 26 and 27: RESEARCH AND DEVELOPMENT The art of
Page 28 and 29: DEVELOPMENT OF TESTING METHODS Incr
Page 30 and 31: DEVELOPMENT OF A NEW TRUCK A truck
Page 32 and 33: PRODUCTION Investments for increase
Page 34 and 35: THE PRODUCTION SYSTEM The same work
Page 36 and 37: TRENDS AND INDUSTRY DEVELOPMENTS Ec
Page 38 and 39: EUROPE Strong sales in several mark
Page 40 and 41: Deliveries of Scania trucks in west
Page 42 and 43: OTHER MARKETS Record sales in sever
Page 44 and 45: REGISTRATIONS OF TRUCKS above 16 to
Page 46 and 47: ENVIRONMENTAL WORK Integrated envir
Page 48 and 49: ENVIRONMENT AND ECONOMICS Scania’
Page 50 and 51: SCANIA SHARE DATA Continued low tra
Page 52 and 53: FINANCIAL REPORT Financial review R
Page 54 and 55:
Interest rate risk Scania’s polic
Page 56 and 57:
Consolidated balance sheet 31 Decem
Page 58 and 59:
Parent Company financial statements
Page 60 and 61:
value, the recoverable amount of th
Page 62 and 63:
NOTE 1 Segment reporting BUSINESS S
Page 64 and 65:
Note 4, continued Financial receiva
Page 66 and 67:
NOTE 9 Tangible fixed assets Machin
Page 68 and 69:
NOTE 17 Other provisions During 200
Page 70 and 71:
NOTE 26 Wages, salaries and other r
Page 72 and 73:
Note 28 continued The other members
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Note 33 continued Interest rate ref
Page 76 and 77:
LIST OF SUBSIDIARIES Corporate ID n
Page 78 and 79:
Notes - Parent Company All amounts
Page 80:
Auditors’ report To the Annual Ge
Page 83 and 84:
Key financial ratios 1 and definiti
Page 85 and 86:
2003 2002 2001 2000 1999 1998 1997
Page 87 and 88:
Leif Östling Born 1945. Member sin
Page 89 and 90:
Corporate Units 7. Håkan Ericsson
Page 91 and 92:
Scania Romania S.R.L. Alfred Bussma
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Scania annual report 2003

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