Volkswagen AG

2.02 (1.62%)
Share Name Share Symbol Market Type
Volkswagen AG XE:VOW3 XETRA Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  2.02 1.62% 126.36 126.36 126.40 127.22 124.20 124.70 1,142,802 15:11:30

Traton Sets Medium-Term Margin Targets

18/05/2022 1:29pm

Dow Jones News

Volkswagen (XE:VOW3)
Historical Stock Chart

From Jun 2021 to Jun 2023

Click Here for more Volkswagen Charts.

By Cecilia Butini


Traton SE on Wednesday set a new margin target for the group through 2024 as it expects higher volumes and efficiency gains. It also set targets for its subsidiaries Scania, MAN Truck & Bus and for its Latin American business, Volkswagen Caminhoes e Onibus.

The Volkswagen AG subsidiary set a 9% return-on-sales target for the whole group through 2024, saying that higher profitability should be supported by higher volumes, growth in its Vehicle Services business, and the completion of the realignment of MAN Truck & Bus.

"Unit sales of the group are expected to grow in the medium term, primarily driven by a highly competitive product and service offering, the company's recent entry into the North American market with Navistar, and the establishment of production in China," the company said.

Scania, Traton's Sweden-based, commercial-vehicle manufacturer, is aiming for a 12% strategic return on sales, while Man Truck & Bus is targeting 8%, it said.

Brazil-based subsidiary Volkswagen Caminhoes e Onibus, also known as Volkswagen Truck & Bus, is aiming for an 8% return on sales as a strategic target after delivering strong return on sales in 2021, Traton said.

Navistar, the recently-consolidated brand of the group, is targeting a 9% return on sales, with the ambition of further increasing profitability in the long term, Traton said.


Write to Cecilia Butini at cecilia.butini@wsj.com


(END) Dow Jones Newswires

May 18, 2022 08:14 ET (12:14 GMT)

Copyright (c) 2022 Dow Jones & Company, Inc.

1 Year Volkswagen Chart

1 Year Volkswagen Chart

1 Month Volkswagen Chart

1 Month Volkswagen Chart
Your Recent History
Register now to watch these stocks streaming on the ADVFN Monitor.

Monitor lets you view up to 110 of your favourite stocks at once and is completely free to use.

Log in to ADVFN
Register Now

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

Support: +44 (0) 203 8794 460 | support@advfn.com

V: gb D: 20230608 14:26:31