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In the 2023 financial year, Scania reported net sales of around 205 billion Swedish kronor. This figure compares to just above 163 billon kronor in 2022. 

Scania – key figures

Scania Aktiebolag is an automotive industry manufacturer of trucks and buses for heavy transport applications, as well as industrial and marine engines. The company was founded in 1891 and is headquartered in Södertälje, Sweden. Its largest shareholder is the Volkswagen Group. The German automaker also holds a majority stake in MAN SE, Scania’s second-largest shareholder. Although Scania’s business units in the Americas and in Asia are growing, Europe continues to be the manufacturer’s most important market. In 2021, truck deliveries to European customers made up close to 47 percent of Scania's total deliveries.

However, the company fell victim to the economic downturn in its most crucial market as haulers were hesitant to add new trucks to their fleets during difficult times. Given the fact that the trucks segment accounts for about 60 percent of Scania’s total revenue, the economic situation in the European Union poses significant threat to the business of Europe’s fifth largest truck manufacturer. From 2019 to 2020, Scania experienced a loss of 38 percent in the European market. By 2021, the company had slowly started to rebound.