Scania Reports Bumper 3rd Quarter

Swedish truck-maker Scania reported on Monday a 75 percent rise in its third quarter net profit bolstered by strong demand in Europe.

Swedish truck-maker Scania reported on Monday a 75 percent rise in its third quarter net profit bolstered by strong demand in Europe.

The Swedish group net profits were some 122 million U.S Dollars in the third quarter.

The company said the demand for trucks continues to rise in practically all markets in western Europe, driven by a continued replacement need, combined with substantial exports of used vehicles from western European countries to central and eastern Europe.

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