Scania Q3 Net Profit Down 36%

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Scania AB
SVKBY
reported a 36% y/y decline in its third-quarter net profit. Scania's quarterly net profit fell to SEK1.5 billion, versus SEK2.34 billion, in the year-ago period. Its revenue dropped to SEK17.92 billion from SEK21.13 billion, versus analysts' estimates of SEK18.82 billion. Scania's operating profit dropped to SEK1.88 billion from SEK3.01 billion, versus analysts' estimates of SEK1.98 billion. Its total order bookings declined 10% to SEK16.93 billion from SEK18.89 billion, while total deliveries dropped 21% to SEK14.84 billion from SEK18.69 billion.
Posted In: EarningsNewsprofit
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