Scania Annual Report 2011

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34 MARKET Lastbilar nettoomsättning ENG Latin America at a high level Access to credit important Deliveries in Latin America were at a high level in 2011. The customer finance portfolio increased, as did Scania’s In Brazil, year-end order bookings were affected by the share of customer finance. Scania established its own country’s changeover to Euro 5 emission standards. financing operations in Brazil during 2010. Most of the Euro 3 vehicles were allowed to be produced until portfolio, 77 percent, consists of customers in European year-end, while sales were also allowed during the first markets. Access to credit is an important factor for quarter of 2012. The high level of vehicle deliveries in demand, since customers normally finance their vehicle Brazil in recent years is likely to influence demand for investment through the vehicle manufacturer or via banks trucks and buses and coaches in the short term, since and other financial institutions. Investments in buses and Euro 5 vehicles are more technologically advanced and coaches, especially city buses, occur in many cases command a higher sales price than Euro 3 vehicles. through public financing. Demand is thus influenced by the scope of potential government spending in a given Heavy service demand market. Demand for servicing and repairs depends on the size of the vehicle population and capacity utilisation. This Environmental considerations drive demand is determined by transport service volume and is more Increased urbanisation is leading to more passenger stable through the economic cycle than demand for new traffic within and between urban areas, and demand vehicles. The average age of the vehicle population is for economically and environmentally sustainable passenger transport will increase in the rapidly growing cities another factor affecting demand. High truck deliveries in Europe during 2005–2008 of emerging market regions. There are major advantages followed by low truck deliveries in recent years means in reallocating passenger transport from cars to buses, that the average age of the truck population is increasing. This higher average age impacts demand for work- emissions. Various standards and regulations regarding especially as regards congestion and carbon dioxide shop hours and parts positively. Good service demand the environment and emissions have recently assumed was also noted outside Europe. During 2011, Scania greater importance in determining the types of vehicles and services in demand. They include emissions increased the number of workshops in the European and Eurasian markets, among others. standards, noise restrictions, motorway tolls and driver In Scania’s view, the rising average age of the training requirements. These factors may affect the need European truck population also means that there is an for replacement investments and the demand for various increasing replacement need. In Scania’s experience, types of service. In Europe, the next stage in the emission reinvestment in the European market normally occurs standards, Euro 6, will be introduced at the end of 2013. when the vehicle has been in service for between 4–6 years. By then, wear and tear will have boosted the Scania’s main competitors vehicle’s operating cost considerably. Demand during Scania’s main competitors are other Western manufacturers. In the truck market, Scania competes with DAF, Iveco, individual quarters is influenced by seasonal patterns, with the European market normally experiencing MAN, Mercedes, Renault and Volvo. lower activity during the third quarter of the year. Latin In the bus and coach market, Scania’s main competitors are Irisbus, MAN, Mercedes, Neoplan, Setra and America is affected by the holiday period during the first quarter of the year. Volvo. In the engine business, Scania competes with caterpillar, Cummins, Deutz, Fiat Powertrain, MAN, MTU and Volvo Penta in the industrial applications segment. Bussar nettoomsättning Motorer nettoomsättning ENG Service o tjänster nettoomsättning Trucks, net sales Buses and coaches, net sales Engines, net sales Services, net sales SEK bn. 60 50 40 32.8 30 20 10 47.5 57.6 SEK bn. 10 8.8 8 6 4 2 7.7 8.2 SEK bn. 1.2 1.1 1.0 0.8 0.8 0.6 0.4 0.2 1.2 SEK bn. 20 15.9 15 10 5 16.4 17.0 0 09 10 11 0 09 10 11 0 09 10 11 0 09 10 11 Report of the directors Scania 2011
35 Scania receives an order for 158 buses from Sweden’s Keolis. Highlights of 2011 New city and suburban buses are launched. Marknadsandelar, lastbilar över 16 ton; EU + Norge o Schweiz ENG Scania showcases engines certified for Tier 4i at ConExpo-Con/Agg in Las Vegas. % 25 20 15 10 5 03 04 05 06 Market shares Trucks above 16 tonnes, 25 EU countries plus Norway and Switzerland. 07 08 Scania unveils trucks with Euro 6-engines. 09 10 11 Mercedes MAN Volvo DAF Scania Renault Iveco 21 January Scania receives an order for 158 buses from public transport company Keolis in Sweden. The buses will be equipped with engines for the renewable fuels ethanol and RME. 9 March Scania showcases engines certified for Tier 4i at ConExpo-Con/Agg in Las Vegas. 1 April Scania unveils trucks with engines that comply with Euro 6 European emission standards, which will go into effect on in 31 December 2013. 5 May Scania’s Board of Directors has decided to extend President and CEO Leif Östling’s employment contract by three years, to 31 March 2015. 23 May Scania strengthens its position in Iraq – signs an agreement to deliver 4,000 vehicles. 9 June Scania is to deliver 100 city buses to the public transport system in Copenhagen, Denmark. The buses will be equipped with diesel engines that meet EEV requirements and are prepared for up to 100 percent biodiesel. 20 October Scania launches new city and suburban buses – Scania Citywide. 22 December Scania unveils a cruise control system that uses GPS to determine a vehicle’s position and to predict the topography of the road ahead. The new system is called Scania Active Prediction. Report of the directors Scania 2011
Page 1 and 2: ANNUAL REPORT 2011
Page 3 and 4: 1 Operations 2-31 Statement of the
Page 5 and 6: SCANIA’S STRATEGY 3 Our solution
Page 7 and 8: The world of Scania Scania is a glo
Page 9 and 10: scania’s strategY 7 Scania’s st
Page 11 and 12: SCANIA’S STRATEGY 9 The change in
Page 13 and 14: SCANIA’S STRATEGY 11 The aluminiu
Page 15 and 16: SCANIA’S STRATEGY 13 Profitable b
Page 17 and 18: SCANIA’S STRATEGY 15 Component mo
Page 19 and 20: SCANIA’S STRATEGY 17 Methods for
Page 21 and 22: SCANIA’S STRATEGY 19 Scania is st
Page 23 and 24: market - TRUCKS 21 Effective overal
Page 25 and 26: 23 assembles the bodies for the Sca
Page 27 and 28: 100 years of innovation In 2011, Sc
Page 29 and 30: 27 Productivity and energy efficien
Page 31 and 32: SCANIA’S STRATEGY 29 service tech
Page 33: SCANIA’S STRATEGY 31 Experience s
Page 38 and 39: 36 production
Page 40 and 41: 38 production Greater flexibility w
Page 42 and 43: 40 RESEARCH AND DEVELOPMENT
Page 44 and 45: 42 RESEARCH AND DEVELOPMENT Scania
Page 46 and 47: 44 SCANIA’S SUSTAINABILITY WORK R
Page 48 and 49: 46 SCANIA’S SUSTAINABILITY WORK K
Page 50 and 51: 48 SCANIA’S SUSTAINABILITY WORK S
Page 52 and 53: 50 SCANIA’S SUSTAINABILITY WORK S
Page 54 and 55: 52 SCANIA’S SUSTAINABILITY WORK C
Page 56 and 57: 54 SCANIA’S SUSTAINABILITY WORK M
Page 58 and 59: 56 Scania share data Scania share d
Page 60 and 61: 58 Annual General Meeting and Finan
Page 62 and 63: 60 Risks and risk management servic
Page 64 and 65: 62 Risks and risk management Produc
Page 66 and 67: 64 CORPORATE GOVERNANCE REPORT owne
Page 68 and 69: 66 CORPORATE GOVERNANCE REPORT The
Page 70 and 71: 68 CORPORATE GOVERNANCE REPORT by t
Page 72 and 73: 70 BOARD OF DIRECTORS Board of Dire
Page 74 and 75: 72 EXECUTIVE BOARD AND CORPORATE UN
Page 76 and 77: financial reports Amounts in tables
Page 78 and 79: 76 group financial review Group fin
Page 80 and 81: 78 group financial review During 20
Page 82 and 83: 80 consolidated income statements C
Page 84 and 85: 82 consolidated balance sheets Cons
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84 Consolidated statement of change
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86 notes to the consolidated financ
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138 parent company financial statem
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140 notes to the parent company fin
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142 proposed guidelines for salary
Page 146 and 147:
144 audit report Audit Report TRANS
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146 quarterly data Quarterly data,
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148 key financial ratios and figure
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150 multi-year statistical review M
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152 The Annual Report contains forw
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Scania AB (publ), SE-151 87 Södert
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Scania Annual Report 2011

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