Scania has revealed that it has had a “soft start to 2025”, citing continued progress in strategic areas such as electrification and its integration with the VW controlled, Traton Group.
The company said that while incoming orders saw a significant rise in the first quarter, sales and earnings did decline due to lower truck volumes and what it claims have been ‘currency headwinds’.
The company said its sales revenue and adjusted operating results were down for the first quarter compared to the same period last year, largely due to reduced delivery volumes and negative currency effects.
Scania said its vehicle deliveries had declined, following the more cautious ordering in the second half of 2024.
It said the drop was particularly pronounced for trucks in Europe, with challenges relating to Scania’s new vehicle software platform negatively impacting its production flow, while adding that significant improvements have since been made, enabling it to achieve full production stability, which it says remains a key focus area for it.
President and CEO of Scania and the Traton Group, Christian Levin said that despite the issues the company hascontinued to grow market share in a highly competitive landscape.
‘While deliveries were lower, the strong order intake is a positive sign. We are keeping a close ear to the ground to stay flexible in today’s unpredictable environment,” said Levin.
Despite the headwinds, Scania’s incoming orders showed a positive trend in the quarter, with a stronger order intake in Europe more than offsetting a seasonal slowdown in Brazil, resulting in a book-to-bill ratio of 1.11 for the quarter. Scania’s market share continued to grow, reaching 18.8 per cent in Europe, up from 18.6 per cent.
Scania’s bus business showed solid delivery growth following the successful implementation of Scania’s updated strategy, while, service revenue increased by four per cent, providing ongoing stability and underlining the strength of the company’s service business.
Scania said its integration into the Traton Group has now entered a new phase, with the launch of a Group-wide R&D setup that strengthens brand collaboration and boosts innovation.
As part of a more streamlined reporting structure, Scania says it has transitioned to quarterly performance summary available on its corporate website, while more comprehensive information on Scania’s financial performance can be found in the TRATON Group interim statement.
See Scania’s Performance Summary for Q1 2025 and the full CEO comment:
https://www.scania.com/performance-summary
