Traton Backs 2021 Guidance as 2Q Incoming Orders Beat Record
June 30 2021 - 4:27AM
Dow Jones News
By Kim Richters
Traton SE on Wednesday confirmed its outlook for the year,
saying preliminary figures showed that unit sales and incoming
orders in the second quarter increased despite supply-chain
tensions.
The German truck maker, which is owned by Volkswagen AG, said
unit sales in the second quarter were better than in the first when
it sold over 60,000 commercial vehicles. Second-quarter incoming
orders rose above its previous record of 81,700.
Chief Executive Matthias Gruendler said in his speech prepared
for Traton's Annual General Meeting on Wednesday that the company
continues to expect strong growth for unit sales and a substantial
rise in revenue for 2021. He also confirmed guidance for an
operating return on sales of between 5% and 7%.
He added that Traton plans to focus increasingly on the Chinese
market.
"Right now, we are analyzing the best ways we can
single-handedly leverage our brands' potential there," he said.
Write to Kim Richters at kim.richters@wsj.com
(END) Dow Jones Newswires
June 30, 2021 04:22 ET (08:22 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
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