The VW Commercial Vehicles Holding Traton performed better in the third quarter than experts expected. The operating result adjusted for special effects rose by 19 percent year-on-year to 1.14 billion euros, as the MDax company surprisingly announced after the stock market closed.
Market experts only expected an operating result of around one billion, the company said. The net inflow of funds (net cash flow) in the vehicle business – i.e. excluding financial services – was around twice as high as a year earlier at 1.28 billion euros.
Traton said that the US brand International Motors (formerly Navistar) was recovering from mirror supply problems faster than expected. At Scania, Traton benefited from a better price and product mix. The management around boss Christian Levin (57) sticks to the annual forecast.
The listed subsidiary of the VW Group Taton is one of the largest truck and bus manufacturers in the world. The core is formed by the once independent manufacturers Scania and MAN. The 104,000 employees generated 47 billion euros in sales in 2023.