(Reuters) – Volkswagen’s truck unit Traton on Monday reported a 3% rise in nine-month revenue amid subdued demand for commercial vehicles.
Sales stood at 35.3 billion euros ($38.10 billion) by the end of September, while profitability rose at its key Scania unit with a 14.4% return on sales versus 12.8% last year.
The truckmaker last week released third-quarter operating profit and reported a return on sales above expectations driven by robust sales in its US brand International and Swedish unit Scania.
“Well aware that the final quarter will be challenging, we are still targeting the upper end of the adjusted return on sales outlook range of 8 to 9%,” finance chief Michael Jackstein said in a statement.
($1 = 0.9264 euros)
(Reporting by Andrey Sychev, Editing by Rachel More)
