The VW Commercial Vehicles Holding Traton following the good performance in the first quarter, raised its return target for the year as a whole, as promised. The group now expects an operating return on sales before special items of 7 to 8 percent, as the company announced on Tuesday in Munich. Previously, a margin of 6 to 7 percent was planned. However, Traton had already announced with the key data for the first quarter that it was considering an increase. The stock reacted with losses.
Situation with suppliers slightly relaxed
In the first three months, sales soared by 31 percent to almost 11.2 billion euros. Traton was able to increase the sales figures of its MAN, Scania, Navistar and VW brands by a quarter to a good 84,500 after the situation with suppliers had eased. However, incoming orders fell by 28 percent. Adjusted operating profit more than doubled from EUR 402 million to EUR 935 million, as Traton announced in mid-April.
The bottom line is that profits rose by almost a third to 555 million euros. Traton continues to anticipate an increase in sales and turnover of between 5 and 15 percent compared to the previous year.