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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 | |
|---|---|---|---|---|---|---|---|---|---|---|
| -1.00 | -0.82% | 120.55 | 120.10 | 120.55 | 121.50 | 119.70 | 121.25 | 117,720 | 18:42:56 |
From May 2019 to May 2024
By Kim Richters
Traton SE on Tuesday warned that the coronavirus pandemic continued to have a significant impact on its business, hitting its first quarter results.
The truck maker said it expects revenue in the period of around 5.7 billion euros ($6.19 billion). In 2019, Traton reported 1Q revenue of EUR6.4 billion.
The company expects operating profit to be around EUR160 million and its return on sales margin to be around 2.8%. In 2019, its operating profit was EUR490 million and the return on sales margin was 7.6%.
Traton's 1Q industrial business net cash flow was minus EUR170 million and its industrial business net liquidity minus EUR160 million.
The company couldn't provide an update on a 2020 guidance yet, it said.
Traton added that is planning a phased restart of production in the next few weeks that includes increased safety standards for its staff.
Write to Kim Richters at kim.richters@wsj.com
(END) Dow Jones Newswires
April 21, 2020 12:06 ET (16:06 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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