Scania posted impressive financial results in 2024, reaching record sales and profits. For the first time, the company surpassed 100,000 vehicle deliveries, thanks to stable production and a successful adjustment of the order book to more manageable levels. To further support its transformation and expansion, Scania made significant investments in research and development, as well as in finalizing a new industrial hub in China.
Although the truck market in Europe faced challenges due to high inflation, Scania utilized the strengths of its Super driveline to enhance profitability for both the company and its customers. As a result, Scania’s market share in Europe grew by over 2 percent, reaching 17.8 percent. In Latin America, Scania’s market share rose to 17.3 percent, with Brazil continuing to show strong demand. The company’s global production system, with key hubs in Europe and Latin America, efficiently balanced regional market fluctuations.
“I am incredibly proud of our team at Scania. Despite numerous challenges, we’ve delivered exceptional operational and financial results,” said CEO Christian Levin.
Scania’s new software platform is designed to meet future customer demands and enable significant functionality improvements. While there have been some implementation delays, the company is actively addressing these issues. Additionally, scaling up production of battery-electric trucks has proven complex, impacting progress in the company’s decarbonisation efforts. As demand for its premium battery-electric trucks grows, Scania is expanding its supplier network to enhance resilience and speed up deliveries.
In 2024, Scania made considerable strides toward a sustainable transport system, investing in infrastructure, developing innovative solutions, and forming strategic partnerships.
The company made significant progress in reducing its carbon footprint, cutting operational emissions by 47 percent through the use of green electricity, decarbonized logistics, and increased energy efficiency. This positions Scania to exceed its 2025 goal of a 50 percent reduction in Scope 1 and 2 emissions.
For Scope 3 emissions—those generated by vehicles in use—Scania achieved a 12 percent reduction. Although this marks notable progress, it still falls short of the company’s 2025 target. Scania is intensifying efforts in driver coaching, renewable fuels, and vehicle optimization to reach a 20 percent reduction target.
