Operating income in Scania Financial Services decreased to SEK 253m (€27.3m) in the first quarter of 2016, compared to SEK 256m reported in the same period in 2015.

"A larger portfolio had a positive impact on earnings, while lower margins and negative currency rate effects had an adverse impact," the company wrote.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

At the end of the first quarter of 2016, the size of Scania’s customer finance portfolio amounted to SEK 58.9bn, which was SEK 2.4bn higher than the end of 2015.

The penetration rate was 39% during the first quarter in those markets where Scania has its own financing operations, down 3% year-on-year. The decrease was related to Great Britain, Germany and France, among other countries.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.