Scania delivered a record-breaking year in 2024 with the Swedish truck manufacturer surpassing 100,000 vehicle deliveries for the first time alongside financial growth despite economic headwinds in key markets.
The company’s latest Annual and Sustainability Report highlights a 6% increase in net sales to SEK 216.1 billion (NZ$37b).
Scania’s adjusted operating income rose to SEK 30.4b (NZ$5.2b), supported by stable production, a reduced order backlog, and strong demand for its Super driveline technology. Deliveries increased by 6% to 102,069 vehicles, including 266 zero emission vehicles (ZEVs).
However, order intake dipped by 4% to 81,012 vehicles, reflecting a more cautious European truck market amid inflationary pressures.
In the fourth quarter of 2024, Scania reported a 4% decline in net sales to SEK 57.4b (NZ$9.8b) with 28,014 vehicle deliveries, including 77 ZEVs. Service business revenue increased by 3%, while order intake saw a 10% rise to 24,599 vehicles.
Scania says it invested heavily in research and development and is in the final stages of launching its new industrial hub in China.
Despite economic challenges in Europe, Scania’s Super driveline technology helped boost profitability, expanding the company’s European market share to 17.8%, an increase of over 2%. In Latin America, Scania’s market share climbed to 17.3%, with particularly strong demand in Brazil.
“I am very proud of the Scania colleagues. Despite many challenges, we delivered an outstanding operational and financial performance,” chief executive Christian Levin says.
The company also made strong progress in decarbonisation, and has now cut operational emissions by 47% through green electricity, decarbonised logistics, and lower energy use. This puts Scania on track to surpass its 2025 goal of a 50% reduction in Scope 1 and 2 emissions.
For Scope 3 emissions—those from vehicles in use—Scania has achieved a 12% reduction. Despite the significant improvement from last year, it remains short of its 2025 target. The company is intensifying efforts in driver coaching, renewable fuels, and vehicle optimisation, to narrow the gap to a 20% reduction.
Looking ahead, Scania has set new 2032 targets, aiming for a 50% reduction in operational emissions and a 45% reduction in emissions from vehicles in use, relative to 2022 levels.
“Scania’s commitment to decarbonising our business in line with science stands firm. Setting new targets is a proof point of our high and industry-leading ambitions,” Levin says.
