Scania annual report 2004

VEHICLES AND SERVICE
Key figures 2004 2003 2002
Trucks
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
30,000
20,000
10,000
27,184
29,537
33,407
Deliveries, units
Trucks 50,563 45,045 39,895
Buses 5,519 4,910 3,774
Total 56,082 49,955 43,669
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.
Industrial & marine engines
Scania’s industrial and marine engines are
used in a variety of applications at sea and
on land.
Service
By continuously expanding its range of
service-related products, Scania guarantees
its customers cost-effective solutions and
high availability.
0
Sales revenue
SEK m.
6,000
4,000
2,000
0
2002 2003 2004
3,991
Sales revenue
SEK m.
800
600
400
200
0
5,115
2002 2003 2004
464 453
5,504
658
2002 2003 2004
Sales revenue
SEK m.
12,000
11,418
10,603 10,759
8,000
4,000
Sales revenue, SEK m.
Vehicles and service 56,788 50,581 47,285
Operating income, SEK m.
Vehicles and Service 5,887 4,759 3,548
Customer Finance 450 366 308
Divested car operations 1 – – 550
Total 6,337 5,125 4,406
Operating margin, percent 11.2 10.1 9.3
Income before taxes, SEK m. 6,014 4,604 3,722
Net income, SEK m. 4,077 3,034 2,739
Earnings per share, SEK m. 20.39 15.17 13.70
Cash flow, Vehicles and Service, SEK m. 2,685 2,450 3,583
Return, percent
on shareholders’ equity 20.8 17.4 17.2
on capital employed, Vehicles and Service 28.1 22.0 17.4
Net debt/equity ratio,
Vehicles and Service 0.05 0.17 0.31
0
2002 2003 2004
Equity/assets ratio, percent 30.0 27.7 25.6
CUSTOMER FINANCE
Capital expenditures for fixed assets, SEK m. 2,737 3,196 3,025
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.
Size of portfolio
SEK m.
30,000
Operating income
20,000
10,000
SEK m.
500
400
300
200
100
0
0
00 01 02 03 04
Research and development
expenditures, SEK m. 2 2,219 2,151 2,010
Number of employees, 31 December 29,993 29,112 28,230
1 Swedish car operations were divested as of 1 January 2002.
2 From 2002 onward including net capitalised development expenditures, amounting to SEK 232 m. in
2004, SEK 667 m. in 2003 and SEK 573 m. in 2002.
SCANIA IN BRIEF • SCANIA ANNUAL REPORT 2004 4