Scania Annual Report 2011

4 Scania in Brief
Scania in figures
Scania’s earnings in 2011 amounted to SEK 12,398 m. Scania’s vehicle deliveries rose
by 26 percent to a record high 80,108 vehicles. Service revenue rose by 4 percent to
SEK 17,048 m., which was also a record level.
■ Operating income fell to SEK 12,398 m.
(12,746) and earnings per share rose to
SEK 11.78 (11.38).
■ Net sales increased by 12 percent to
SEK 87,686 m. (78,168).
■ Cash flow amounted to SEK 6,970 m.
(11,880) in Vehicles and Services.
■ The Board of Directors proposes a
dividend of SEK 5.00 (5.00) per share.
Vehicles and Services
Operating income in Vehicles and Services
totalled SEK 11,881 m. (12,575) during 2011.
Higher vehicle deliveries and service volume
were offset by a significantly stronger Swedish
krona and a higher cost level.
A less favourable market mix and increased
prices for raw materials had an adverse impact
on margins while higher prices had some
positive effect.
Financial Services
Operating income in financial services
amounted to SEK 517 m. (171) during 2011.
Bad debt expenses decreased to SEK 298 m.
(493) during the year.
KEY FIGURES 2011 2010 2009
Deliveries, units
Trucks 72,120 56,837 36,807
Buses and coaches 7,988 6,875 6,636
Engines 6,960 6,526 4,235
Net sales
Vehicles and Services, SEK m. 87,686 78,168 62,074
Operating income, SEK m.
Vehicles and Services 11,881 12,575 2,648
Financial Services 517 171 –175
Total 12,398 12,746 2,473
Operating margin, percent 14.1 16.3 4.0
Income before taxes, SEK m. 12,612 12,533 1,602
Net income for the year, SEK m. 9,422 9,103 1,129
Earnings per share, SEK 11.78 11.38 1.41
Cash flow
Vehicles and Services, SEK m. 6,970 11,880 5,512
Return, percent
on equity 29.5 34.7 5.1
on capital employed, Vehicles and Services 38.1 39.5 9.4
Net debt/equity ratio*
Vehicles and Services – 0.35 – 0.30 0.21
Equity/assets ratio, percent 31.6 30.5 23.7
Net capital expenditures, excluding acquisitions,
Vehicles and Services, SEK m. 3,776 2,753 3,031
Research and development expenditures, SEK m. 4,658 3,688 3,234
Number of employees, 31 December 37,496 35,514 32,330
* Net debt (+), net surplus (-).
Nettoomsättning per produktområde ENG
Kassaflöde
Avkastning på sysselsatt kapital ENG (ROCE)
Net sales by product area, 2011 Return on capital employed (ROCE) Cash flow
Miscellaneous 2 % Trucks 64 %
Used vehicles 5 %
Services 19 %
Engines 1 %
Buses 9 %
%
50
40
30
20
10
SEK m.
12,000
10,000
8,000
6,000
4,000
2,000
0
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05
06
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10
11
0
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11
Operations Scania 2011