TRATON also earned less in the first quarter due to declining sales, but achieved significantly higher order intake.
The commercial vehicle holding benefited from significantly better demand for heavy trucks on the US market. The TRATON Group confirmed its outlook for the year as a whole.
Order intake climbed 18 percent to 87,775 units in the first three months, the company announced. Meanwhile, sales and revenue fell by 6 percent and 4 percent, respectively. Adjusted operating profit fell to 582 million from 646 million euros due to US customs costs, which were not collected in the same quarter of the previous year. The corresponding margin fell to 5.7 from 6.1 percent. The consensus among analysts was that TRATON would only achieve a return of 4.9 percent.
According to further information, the group continues to expect sales and revenue in the range of minus 5 to plus 7 percent for the year as a whole compared to the previous year. The adjusted operating return should be in a range of 5.3 to 7.3 percent. The company sees the net cash flow operations at 0.9 billion to 1.7 billion euros after 1.6 billion euros in the previous year.
The TRATON share temporarily rose 0.65 percent to 30.98 euros on XETRA.
DJG/kla/sha
DOW JONES
Selected leverage products on TRATON
With knock-outs, speculative investors can participate disproportionately in price movements. Simply select the lever you want and we will show you suitable open-end products on TRATON
The leverage must be between 2 and 20
Advertising
