Scania will not pay dividend to shareholders for 2013 financial year

Nevin Barich

SODERTALJE, Sweden , June 12, 2014 (press release) – The Annual General Meeting (AGM) discharged the members of the Board of Directors and the President and CEO from liability for the financial year 2013.

The AGM decided that the Board of Directors shall consist of 10 members without deputies. Board members Peter Abele, Helmut Aurenz, Martin Lundstedt. Ferdinand K. Piëch, Hans Dieter Pötsch, Francisco Javier Garcia Sanz, Peter Wallenberg Jr, Martin Winterkorn and Leif Östling were re-elected. Christian Porsche was elected as a new Board member. He replaces Åsa Thunman, who declined re-election.

The AGM re-elected Martin Winterkorn as Chairman of the Board and Leif Östling as Vice Chairman of the Board.

Dividend

The AGM resolved that no dividend will be paid to the shareholders for the financial year 2013.

Södertälje, 11 June 2014

Scania AB

Scania is one of the world’s leading manufacturers of trucks and buses for heavy transport applications, and of industrial and marine engines. Service-related products account for a growing proportion of the company’s operations, assuring Scania customers of cost-effective transport solutions and maximum uptime Scania also offers financial services. Employing some 41,000 people, the company operates in about 100 countries. Research and development activities are concentrated in Sweden, while production takes place in Europe and South America, with facilities for global interchange of both components and complete vehicles. In 2013, net sales totalled SEK 86.8 billion and net income amounted to SEK 6.2 billion. Scania press releases are available on www.scania.com (http://www.scania.com/se)

* All content is copyrighted by Industry Intelligence, or the original respective author or source. You may not recirculate, redistrubte or publish the analysis and presentation included in the service without Industry Intelligence's prior written consent. Please review our terms of use.