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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Volkswagen AG | TG:VOW3 | Tradegate | Ordinary Share |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| -0.05 | -0.04% | 118.30 | 118.30 | 118.45 | 118.45 | 118.25 | 118.30 | 4,135 | 07:42:51 |
From May 2019 to May 2024
By Olivia Bugault
Traton SE (8TRA.BE) said Wednesday that its sales rose in 2019 but that its order intake declined in Europe during the same period.
Volkswagen AG's (VOW.XE) recently-listed truck unit said it sold 242,000 vehicles last year, driven by strong demand in Europe during the first half of 2019 and rising sales in Brazil.
However, Traton warned that order intake fell 7% in 2019 mainly due to a decline in European sales in the second half of the year.
"Weaker demand for trucks in Europe in the second half of the year is attributable, among other reasons, to orders being pulled forward in the first half of the year because of introduction of the digital tachograph in Europe as of June 15, 2019, and pull-forward effects in the United Kingdom as a result of Brexit," Traton said.
Traton still expects a sales decline in Europe of between 10% and 20% in 2020 for trucks weighing more than six metric tons.
Write to Olivia Bugault at olivia.bugault@wsj.com
(END) Dow Jones Newswires
January 15, 2020 03:35 ET (08:35 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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