Traton Reports Lower Revenue, Adjusted. Profit for 2020
By Kim Richters
Traton SE said Friday that its revenue and adjusted operating
profit in 2020 were lower than a year earlier, according to
Revenue for the full year was around 22.6 billion euros ($27.50
billion), the truck maker said. In 2019, revenue was EUR26.90
Adjusted operating profit came in at around EUR135 million,
compared with EUR1.87 billion a year earlier.
However, the Volkswagen AG subsidiary said unit sales continued
to recover in the last quarter of 2020, significantly exceeding
sales in the third quarter significantly.
Traton plans to release full results for 2020 on March 22.
Write to Kim Richters at email@example.com
(END) Dow Jones Newswires
January 22, 2021 08:58 ET (13:58 GMT)
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