Scania globally has announced that it has returned another year of strong financial results in 2024, with record sales and earnings.
Scania says that for the first time in its history, vehicle deliveries exceeded 100,000 units for the calendar year, driven it claims by stable production and a successful reduction of its order book to what it describes as more normal levels.
Scania says it has made major investments in research and development to support what it calls transformation and growth, particularly in finalising its upcoming industrial hub in China.
Despite a more cautious truck market in Europe due to high inflation, Scania leveraged its new Super driveline to boost both its own as well as customer profitability.
The company said that as a result its European market share grew by more than two per cent, to 17.8 per cent in 2024, while in Latin America its market share increased to 17.3 per cent, with demand remaining strong, especially in Brazil.
Scania says that its global production system with hubs in Europe and Latin America effectively balanced regional market fluctuations.
“I am very proud of the Scania colleagues. Despite many challenges, we delivered an outstanding operational and financial performance,” says Scania CEO, Christian Levin.
Scania also added that a new software platform, which it says is designed to adapt to future customer needs, will enable exceptional functionality growth.
The company said that while implementation challenges caused delays, the company is addressing them, while adding that scaling up battery-electric truck production has been complex, resulting in impacts on the company’s decarbonisation efforts. , Scania also said that with demand for its premium battery-electric trucks rising rapidly it is expanding its supplier network to enhance resilience and accelerate deliveries.
Scania said it made significant advances towards a sustainable transport system through infrastructure investments, innovative solutions, and strategic partnerships in 2024.
The company also claims to have made strong progress in decarbonisation, and says it has now cut operational emissions by 47 per cent through green electricity, decarbonised logistics, and lower energy use. Scania said that this puts it on track to surpass its 2025 goal of a 50 per cent reduction in Scope 1 and 2 emissions.
Scania added that for Scope 3 emissions, or those from vehicles in use, it has already chieved a 12 per cent reduction. Despite the significant improvement from last year, the company admits it remains short of its 2025 target. The company said it was intensifying efforts in driver coaching, renewable fuels, and vehicle optimisation, to narrow the gap to a 20 per cent reduction.
Scania has also said it has set new 2032 targets across all scopes, with a planned 50 per cent emissions reduction in its operations and a 45 per cent cut from vehicles in use, compared to 2022 levels.
“Scania’s commitment to decarbonising our business in line with science stands firm. Setting new targets is a proof point of our high and industry-leading ambitions,” said Levin.
Scania has today published its 2024 Annual and Sustainability Report, prepared with inspiration from the CSRD’s European Sustainability Reporting Standards ahead of the 2025 requirements. The report is available on scania.com
