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Scania revenue in Hungary increases 15% in 2005

Sweden's Scania sold 381 trucks and 35 buses in Hungary in 2005, generating revenue of Ft 13 billion, 15% more than in 2004, managing director of Scania Hungária Kft Christian Teichmann announced on Thursday.

Scania controls 11.6% of Hungary's truck market and 11% of the bus market. In 2006, Scania targets a 30%-35% revenue rise, Teichmann said. The company expects to sell 460 trucks, 30% more than in 2005, giving the company a 14.1% share of the market, he said. Bus sales will depend largely on the results of a tender in which Scania is bidding to supply long-distance bus company Volán with vehicles, head of the unit's bus division Demeter Héjj said. The tender to supply 220 buses worth a combined Ft 9 billion has been declared invalid several times, but the latest call for offers is expected to produce a result by late July.
In other news, Scania set up a leasing unit in Hungary on May 1, and expects the unit to sign operative and financing leases for 70 vehicles by year-end. The unit will sell insurance as well.