MAN SE Q3 oper. profit up 5 pct as Europe truck demand grows
BERLIN Oct 27 (Reuters) - German truck maker MAN SE posted higher third-quarter profit as demand in Europe for heavy-duty commercial vehicles keeps growing.
Operating profit at Volkswagen-owned MAN rose 5 percent to 86 million euros ($95 million) while orders fell 9 percent to 3.16 billion euros, the Munich-based company said.
Full-year operating profit at MAN will be "significantly hit" by restructuring costs while sales will drop slightly below year-ago levels, the company said on Tuesday, keeping to its July guidance. ($1 = 0.9046 euros) (Reporting by Andreas Cremer; Editing by Georgina Prodhan)
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