UPDATE 1-Scania Q1 below consensus, says Europe subdued

Newswire

(Adds detail, background, shares) STOCKHOLM, April 27 (Reuters) - Swedish truck maker Scania posted first-quarter pretax earnings below market expectations on Wednesday and said 2005 would be an "off year" for growth in its key western European market, sending its shares lower. The group had a quarterly pretax profit of 1.70 billion Swedish crowns ($242.3 million) versus 1.37 billion in the year-ago quarter and 1.73 billion forecast in a Reuters poll. Scania shares were down 5.2 ...

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