XM does not provide services to residents of the United States of America.

Shares in VW's truck unit Traton jump after Q3 beat



<html xmlns="http://www.w3.org/1999/xhtml"><head><title>Shares in VW's truck unit Traton jump after Q3 beat</title></head><body>

GDANSK, Oct 22 (Reuters) -Shares in Traton 8TRA.DE rose on Tuesday after Volkswagen's VOWG_p.DE truck unit reported third-quarter results above expectations driven by robust sales in its US brand International and Swedish unit Scania.

Traton shares were up 4% by 0728 GMT, to their highest in three months, while peers Daimler Truck DTGGe.DE and Volvo VOLVb.ST were also up 1.7% and 1%, respectively.

The operating profit jumped by 19% to 1.14 billion euros ($1.23 billion) in the July-September period, while the return on sales hit 9.6%, according to a press release published late Monday after the market close.

Analysts expected the operating profit at 1.02 billion euros and the return on sales at 8.7%, according to a consensus estimate compiled by the company. Nevertheless, Traton decided to keep its annual guidance unchanged despite the beat.

A local trader called the absence of a guidance upgrade and non-disclosure of the order intake for the quarter as a "fly in the ointment" that should limit positive share reaction.

Traton results come as its parent Volkswagen is struggling with weak demand for its core passenger car brand and competition from China, and is considering plant closures in Germany for the first time.

($1 = 0.9237 euros)



Reporting by Andrey Sychev, Editing by Miranda Murray

</body></html>

Disclaimer: The XM Group entities provide execution-only service and access to our Online Trading Facility, permitting a person to view and/or use the content available on or via the website, is not intended to change or expand on this, nor does it change or expand on this. Such access and use are always subject to: (i) Terms and Conditions; (ii) Risk Warnings; and (iii) Full Disclaimer. Such content is therefore provided as no more than general information. Particularly, please be aware that the contents of our Online Trading Facility are neither a solicitation, nor an offer to enter any transactions on the financial markets. Trading on any financial market involves a significant level of risk to your capital.

All material published on our Online Trading Facility is intended for educational/informational purposes only, and does not contain – nor should it be considered as containing – financial, investment tax or trading advice and recommendations; or a record of our trading prices; or an offer of, or solicitation for, a transaction in any financial instruments; or unsolicited financial promotions to you.

Any third-party content, as well as content prepared by XM, such as: opinions, news, research, analyses, prices and other information or links to third-party sites contained on this website are provided on an “as-is” basis, as general market commentary, and do not constitute investment advice. To the extent that any content is construed as investment research, you must note and accept that the content was not intended to and has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such, it would be considered as marketing communication under the relevant laws and regulations. Please ensure that you have read and understood our Notification on Non-Independent Investment. Research and Risk Warning concerning the foregoing information, which can be accessed here.

Risk Warning: Your capital is at risk. Leveraged products may not be suitable for everyone. Please consider our Risk Disclosure.