Sep 10 2017

Sales At Scania

Proposed Alliance despite being with one turnover in the first two quarters the Swedish company Scania, whose majority shareholder is Volkswagen AG, slowed by recent developments. The Exchange Portal boersennews.de informs about the numbers. Holders of Scania shares could be satisfied in recent quarters with the development of the company. So, the Swedish company increased its sales in the first half of 2011 by around 18%, which corresponds to a score of about 4.8 billion euros. The net profit rose by 30 percent. Scania is considered to be one of the biggest manufacturers of trucks in Europe and South America. In addition to other commercial vehicles such as buses, the company produces motors for ships and industrial machinery. Despite the clear successes, the company headquartered in Sodertalje, Sweden had in recent months with difficulties.

Due to rising costs and currency strains, increased income in the second quarter only by about three percent. Also supply problems reduced the success of truck manufacturer. For the A merge of his daughters of Scania and MAN is planning future Volkswagen as the majority owner. The German group so far is competitor of the Swedish manufacturer. The merger aims to reduce costs and increase the efficiency of both companies.