Scania annual report 2003

Multi-year statistical review
SEK m. unless otherwise stated 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994 1993
Sales revenue by market area
Western Europe 38,252 36,127 36,732 36,489 33,249 28,962 23,102 21,009 21,715 14,880 10,920
Central and eastern Europe 4,067 3,139 2,624 1,826 1,330 1,814 1,398 827 732 266 195
America 3,836 3,542 5,576 5,529 4,247 5,974 6,798 4,800 5,742 6,109 4,619
Asia 3,936 3,123 2,898 2,390 1,118 1,018 1,932 1,740 1,904 1,504 1,171
Other markets 2,896 2,529 2,364 2,050 1,784 1,907 1,857 1,578 1,623 1,329 1,062
Revenue deferral 1 –2,406 –1,175 –1,884 –2,425 –3,066 –2,166 –1,783 –1,160 –568
Total, Scania products 50,581 47,285 48,310 45,859 38,662 37,509 33,304 28,794 31,148 24,088 17,967
Divested car operations 2 – – 4,755 5,539 5,382 5,637 4,632 3,776 3,124 2,560 2,222
Total 50,581 47,285 53,065 51,398 44,044 43,146 37,936 32,570 34,272 26,648 20,189
Operating income
Vehicles and Service 4,759 3,548 2,089 4,623 4,655 3,251 2,716 2,787 5,011 3,731 971
Customer Finance 366 308 278 179 140 91 73 55 98 5 –91
Divested car operations 2 – 550 100 277 250 250 258 215 243 173 121
Total 5,125 4,406 2,467 5,079 5,045 3,592 3,047 3,057 5,352 3,909 1,001
Operating margin, percent
Vehicles and Service 9.4 7.5 4.3 10.1 12.0 8.7 8.2 9.7 16.1 15.5 5.4
Divested car operations 2 – – 2.1 5.0 4.6 4.4 5.6 5.7 7.8 6.8 5.4
Total 10.1 9.3 4.6 9.9 11.5 8.3 8.0 9.4 15.6 14.7 5.0
Net financial items 3 –521 –684 –926 –630 –545 –378 –296 –351 –505 –223 –537
Net income 3 3,034 2,739 1,048 3,080 3,146 2,250 1,943 1,981 3,280 2,556 404
Research and development expenditures 4 –2,153 –2,010 –1,955 –1,621 –1,267 –1,168 –1,248 –1,084 –923 –805 –783
Gross capital expenditure for fixed
assets excluding lease assets and renting 3,196 3,025 1,980 1,825 1,876 2,026 2,566 2,579 2,182 2,149 1,485
Inventory turnover rate, times 5 5.8 6.1 6.0 6.2 5.6 5.3 5.3 5.7 6.6 6.5 4.9
1 Refers to the difference between sales recognised as revenues and sales value based on delivery.
2 Swedish car operations were divested as per 1 January 2002.
3 1993 pro forma.
4 Beginning in 2002, includes capitalised development expenditures: SEK 669 m. in 2003 and SEK 573 m. in 2002.
5 Calculated as sales revenue divided by average inventory (adjusted for divested car operations).
ANNUAL REPORT 2003
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