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Traton Says 2019 Sales Rise 4%
Traton CEO Declines To Restate Earlier Growth Target For Period From 2020
Traton CEO Says He Keeps Watchful Eye on Market Developments As H1 Orders Fell
Traton SE is a Germany-based manufacturer of commercial vehicles. The Company operates through a number of brands, which includes MAN, a commercial vehicle manufacturer, which specializes in the production of vans, as well as city buses and intercity and travel coaches; Scania, which provides transport solutions, heavy duty vehicles for long-distance and distribution transport, as well as construction vehicles; Volkswagen Caminhoes E Onibus, which is a provider of light-to heavy-duty trucks and bus for markets, such as Latin America and Africa, and Rio, which is a global brand for digital services in the transport industry that offers an open, vendor-neutral and cloud-based platform for freight transport.
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German truck manufacturer Traton <8TRA.DE> on Wednesday said 2019 sales rose by 4% to 242,200 vehicles but confirmed that it expected the European market for trucks weighing more than six tonnes to decline by 10-20% in 2020.
German truck maker Traton <8TRA.DE> warned that its order intake had fallen in the first half, even as its operating profit rose 25% on the back of a rise in sales at Scania and a recovery in key markets like Brazil.
Traton <8TRA.DE> Chief Financial Officer Christian Schulz on Monday said the truck and bus maker currently sees no need to draw up additional plans to prepare for a no-deal Brexit and would review the matter later in the year.
Traton Chief Financial Officer Christian Schulz on Monday said the truck and bus maker currently sees no need to draw up additional plans to prepare for a no-deal Brexit and would review the matter later in the year.
Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.