UPDATE 1-Scania profits soar, shares leap

Newswire

(Adds detail, analyst views, share price) By Peter Starck STOCKHOLM, April 23 (Reuters) - Trucks maker Scania posted above-forecast first-quarter profits and a jump in new orders on Wednesday, sending its shares to eight-month highs despite a warning of increased risk of subdued demand later 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," ...

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