Swedish automotive company Scania AB (SVKBY.PK) Tuesday posted a decline in income for the first quarter, reflecting lower revenue from the vehicles and services segment. The firm said the stronger Swedish krona and price pressure on trucks pulled down earnings.
For the period the firm posted net income of SEK 1.398 billion versus SEK 1.794 billion a year ago. On a per share basis, earnings for the period were SEK 1.75, compared with SEK 2.24 a year earlier.
Net sales in the vehicles and services segment was SEK 19.341 billion compared with prior-year sales of SEK 20.127 billion.
The firm has further proposed a final dividend of SEK 4.75 per share for the financial year 2012, with May 8 as the record date.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.