Scania Accelerates Its Third Quarter Report
STOCKHOLM, Sweden--During the process of completing the third quarter report, it has become clear that Scania’s (STO:SCVA) (STO:SCVB) result for the period and the prospects for 2006 are considerably better than market expectations. This was communicated in the form of a press release on 11 October.
Against this background and the fact that MAN has acquired a substantial number of A and B shares in Scania, the management of Scania believes it is of utmost importance that all shareholders have access to equivalent information in order to allow a correct valuation of the company.
Scania’s management has therefore decided to publish a preliminary report for the third quarter. The full report will be published on 16 October, as previously announced.
Scania is one of the world’s leading manufacturers of trucks and buses for heavy transport applications, and of industrial and marine engines. A growing proportion of the company’s operations consists of products and services in the financial and service sectors, assuring Scania customers of cost-effective transport solutions and maximum uptime. Employing 30,000 people, Scania operates in about 100 countries. Research and development activities are concentrated in Sweden, while production plants are located in Europe and South America, with facilities for the global exchange of both components and finished vehicles. In 2005, revenue totalled SEK 63.3 billion and net income amounted to SEK 4.7 billion.
Scania’s press releases are available on the Internet at www.scania.com.
This information was brought to you by Waymaker http://www.waymaker.net