Scania annual report 2004

Income and deliveries by quarter
SEK m. unless October – December July – September April– June January– March
otherwise stated 2004 2003 2002 2004 2003 2002 2004 2003 2002 2004 2003 2002
Number of vehicles delivered
Trucks 15,236 13,019 12,130 11,267 9,755 8,435 12,661 11,656 10,198 11,399 10,615 9,132
Buses 1,626 1,467 1,278 1,401 1,239 730 1,450 1,080 858 1,042 1,124 908
Total 16,862 14,486 13,408 12,668 10,994 9,165 14,111 12,736 11,056 12,441 11,739 10,040
Income statement
Sales revenue, Scania products 16,264 13,995 13,448 13,323 11,567 10,381 14,118 12,843 12,115 13,083 12,176 11,341
Cost of goods sold – 12,006 – 10,560 – 10,059 – 10,102 – 8,986 – 8,014 – 10,545 – 9,613 – 9,384 – 9,917 – 9,113 – 8,803
Gross income 4,258 3,435 3,389 3,221 2,581 2,367 3,573 3,230 2,731 3,166 3,063 2,538
Research and development expenses – 563 – 406 – 360 – 471 – 339 – 339 – 561 – 366 – 346 – 392 – 373 – 392
Selling expenses – 1,491 – 1,405 – 1,441 – 1,338 – 1,260 – 1,223 – 1,424 – 1,289 – 1,257 – 1,297 – 1,275 – 1,285
Administrative expenses – 252 – 232 – 229 – 189 – 181 – 181 – 195 – 245 – 218 – 170 – 195 – 229
Customer Finance 115 90 60 122 100 82 110 94 85 103 82 81
Share of income in associated companies 1 7 0 7 2 4 2 6 3 2 1 16
Operating income, Scania products 2,068 1,489 1,419 1,352 903 710 1,505 1,430 998 1,412 1,303 729
Divested car operations – – – – – – – – 509 – – 41
Operating income 2,068 1,489 1,419 1,352 903 710 1,505 1,430 1,507 1,412 1,303 770
Financial income and expenses – 62 – 89 – 159 – 76 – 138 – 178 – 94 – 140 – 141 – 91 – 154 – 206
Income after financial items 2,006 1,400 1,260 1,276 765 532 1,411 1,290 1,366 1,321 1,149 564
Taxes – 692 – 482 – 351 – 407 – 270 – 162 – 438 – 445 – 292 – 398 – 368 – 180
Minority interests 1 – 3 – 1 – 1 0 2 0 – 1 2 – 2 – 1 – 1
Net income 1,315 915 908 868 495 372 973 844 1,076 921 780 383
Earnings per share 6.58 4.57 4.54 4.34 2.48 1.86 4.87 4.22 5.38 4.61 3.90 1.92
Operating margin, Scania products 12.7% 10.6% 10.6% 10.1% 7.8% 6.8% 10.7% 11.1% 8.2% 10.8% 10.7% 6.4%
QUARTERLY DATA • SCANIA ANNUAL REPORT 2004 82