Scania Q1 profits beat forecasts

Newswire

STOCKHOLM, April 23 (Reuters) - Heavy trucks maker Scania reported higher than expected January-March profits and a jump in new orders on Wednesday, but warned of an increased risk of subdued demand during the rest of this year. "Due to macroeconomic developments, the risk for subdued demand for trucks and buses is increasing and consequently we remain cautious regarding our earnings for the rest of the year," Scania Chief Executive Leif Ostling said in a statement. Scania's Q1 pre-tax ...

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