Scania annual report 2003

Income and deliveries by quarter
SEK m. unless October–December July–September April–June January–March
otherwise stated 2003 2002 2001 2003 2002 2001 2003 2002 2001 2003 2002 2001
Number of vehicles delivered
Trucks 13,019 12,130 11,767 9,755 8,435 9,166 11,656 10,198 11,833 10,615 9,132 10,893
Buses 1,467 1,278 1,399 1,239 730 1,178 1,080 858 1,261 1,124 908 834
Total 14,486 13,408 13,166 10,994 9,165 10,344 12,736 11,056 13,094 11,739 10,040 11,727
Income statement
Sales revenue, Scania products 13,995 13,448 15,165 11,567 10,381 11,707 12,843 12,115 13,788 12,176 11,341 12,405
Cost of goods sold –10,560 –10,059 –12,400 –8,986 –8,014 –9,506 –9,613 –9,384 –11,107 –9,113 –8,803 –9,588
Gross income 3,435 3,389 2,765 2,581 2,367 2,201 3,230 2,731 2,681 3,063 2,538 2,817
Research and
development expenses –406 –360 –548 –339 –339 –401 –366 –346 –521 –373 –392 –485
Selling expenses –1,405 –1,441 –1,655 –1,260 –1,223 –1,299 –1,289 –1,257 –1,384 –1,275 –1,285 –1,256
Administrative expenses –232 –229 –171 –181 –181 –183 –245 –218 –231 –195 –229 –200
Customer Finance 90 60 55 100 82 81 94 85 72 82 81 70
Share of income in
associated companies 7 0 17 2 4 3 6 3 33 1 16 6
Operating income,
Scania products 1,489 1,419 433 903 710 386 1,430 998 615 1,303 729 929
Divested car operations – – 30 – – 16 – 509 35 – 41 23
Operating income 1,489 1,419 463 903 710 402 1,430 1,507 650 1,303 770 952
Financial income and expenses –89 –159 –446 –138 –178 –104 –140 –141 –243 –154 –206 –133
Income after financial items 1,400 1,260 17 765 532 298 1,290 1,366 407 1,149 564 819
Taxes –482 –351 –9 –270 –162 –101 –445 –292 –140 –368 –180 –246
Minority interests –3 –1 3 0 2 2 –1 2 –2 –1 –1 0
Net income 915 908 11 495 372 199 844 1,076 265 780 383 573
Earnings per share, SEK 4.57 4.54 0.05 2.48 1.86 0.99 4.22 5.38 1.33 3.90 1.92 2.87
Operating margin,
Scania products 10.6% 10.6% 3.1% 7.8% 6.8% 3.7% 11.1% 8.2% 4.9% 10.7% 6.4% 8.2%
ANNUAL REPORT 2003
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