Scania publishes Annual Report for 2010

Sweden--March 25, 2011: Today Scania is publishing its complete Annual Report for 2010, in both Swedish and English, on its Internet website: Scania Annual Report

Distribution of the printed version is under way.

The past year was characterised by clearly improved sales volume for vehicles, engines and service in most markets. Scania was well equipped for the upturn and is a stronger company today than before the deep economic downturn. We not only preserved our core competency in the company by avoiding lay-offs, but also enhanced the skills of our employees through extensive training programmes, both theoretical and practical, directly at workplaces. Our renewed product ranges for trucks, buses, engines and services were well received by our customers. When demand returned, we were quickly able to ramp up production, which helped us to deliver the best earnings and cash flow in the company's history.

Scania is one of the world's leading manufacturers of trucks and buses for heavy transport applications, and of industrial and marine engines. Service-related products is a growing proportion of the company's operations, assuring Scania customers of cost-effective transport solutions and maximum uptime. Scania also provides financial services. Employing some 35,500 people, Scania operates in about 100 countries. Research and development activities are concentrated in Sweden, while production takes place in Europe and South America, with facilities for global interchange of both components and complete vehicles. In 2010, net sales totalled SEK 78 billion and net income amounted to SEK 9.1 billion.