Traton Expects Increase in 2022 Unit Sales, Revenue; Warns on War Impact
March 15 2022 - 3:49AM
Dow Jones News
By Giulia Petroni
Traton SE said Tuesday that it expects an increase in unit sales
and sales revenue this year following a high order backlog, but
warned on the potential negative impact of the war in Ukraine.
The Volkswagen AG-subsidiary said it expects an adjusted
operating return on sales of between 5% and 7% in 2022, subject to
further developments on Russia's invasion of Ukraine and
supply-chain uncertainties.
"It cannot be ruled out that as the conflict [in Ukraine]
unfolds, it may have a material negative impact on the Traton
group's net assets, financial position, and results of operations,"
the company said.
In full-year 2021, the operating result jumped to 393 million
euros ($430.07 million) from EUR81 million in the previous year. On
an adjusted basis, the operating result was EUR1.60 billion from
EUR135 million.
Sales revenue rose 36% to EUR30.62 billion, driven by the truck
and service businesses, as well as the integration of the new U.S.
subsidiary Navistar, Traton said.
Write to Giulia Petroni at giulia.petroni@wsj.com
(END) Dow Jones Newswires
March 15, 2022 03:34 ET (07:34 GMT)
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