By Giulia Petroni
Traton SE said Monday that sales and after-tax profit rose in
the first quarter and it confirmed the recently raised full-year
The German vehicle manufacturer said quarterly sales came in at
6.54 billion euros ($7.95 billion), up 15% from EUR5.68 billion a
After-tax profit was EUR129 million compared with EUR96 million
a year earlier.
Adjusted operating profit increased to EUR516 million from
EUR161 million, while the adjusted operating return on sales rose
to 7.9% from 2.8%.
Traton's order intake in the quarter rose 51% to 81,742 units,
the company said.
As previously announced, Traton said it expects operating return
on sales in the range between 5% and 7% for 2021, from a previous
forecast of 5% to 6%. Net cash flow for the industrial business
segment is seen between EUR500 million and EUR700 million.
The forecast doesn't include expenses or payments for the MAN
Truck & Bus restructuring program nor the impact of the planned
Navistar takeover, according to the company.
Write to Giulia Petroni at firstname.lastname@example.org
(END) Dow Jones Newswires
May 10, 2021 02:48 ET (06:48 GMT)
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