Scania says outlook change due view of top-line

Newswire

STOCKHOLM, July 25 (Reuters) - Truck maker Scania's top executive said on Friday the company was adjusting its guidance for next year to reflect a change in the outlook for sales growth rather than for margins. Scania on Friday removed its guidance, first issued in late 2006, for average annual sales growth of more than 10 percent in 2007 through 2009 with an operating margin at 12-15 percent. "It has to do with the top line and the possibility to get out volumes in the market," Chief ...

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