Scania reports rising earnings

Swedish truck maker Scania reported a 36.9 percent rise in third quarter net earnings Monday compared with the same period last year, which it attributed to buoyant sales.

Net profit in the July-September period came to 1.75 billion kronor ($275 million), the company said.

Sales in the third quarter rose 20.6 percent to 19.91 billion kronor.

Scania is now forecasting annual sales growth of 10 percent and an operating margin of 12-15 percent between 2007 and 2009.