We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Register to chat with like-minded investors on our interactive forums.
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 0.00 | - |
From Apr 2021 to Apr 2024
By Giulia Petroni
Traton SE said Monday that sales and after-tax profit rose in the first quarter and it confirmed the recently raised full-year outlook.
The German vehicle manufacturer said quarterly sales came in at 6.54 billion euros ($7.95 billion), up 15% from EUR5.68 billion a year earlier.
After-tax profit was EUR129 million compared with EUR96 million a year earlier.
Adjusted operating profit increased to EUR516 million from EUR161 million, while the adjusted operating return on sales rose to 7.9% from 2.8%.
Traton's order intake in the quarter rose 51% to 81,742 units, the company said.
As previously announced, Traton said it expects operating return on sales in the range between 5% and 7% for 2021, from a previous forecast of 5% to 6%. Net cash flow for the industrial business segment is seen between EUR500 million and EUR700 million.
The forecast doesn't include expenses or payments for the MAN Truck & Bus restructuring program nor the impact of the planned Navistar takeover, according to the company.
Write to Giulia Petroni at giulia.petroni@wsj.com
(END) Dow Jones Newswires
May 10, 2021 02:48 ET (06:48 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
1 Year Volkswagen Chart |
1 Month Volkswagen Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Hot Features
Premium
