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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Volkswagen AG | TG:VOW | Tradegate | Ordinary Share |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| -1.80 | -1.32% | 134.40 | 134.00 | 134.80 | 136.20 | 133.00 | 136.20 | 6,428 | 22:50:02 |
From May 2021 to May 2024
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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