Traton Returns to Operating Profit in 1st Half
13 Julho 2021 - 8:52AM
Dow Jones News
By Mauro Orru
Traton SE swung to operating profit in the first half, according
to preliminary figures, while incoming orders increased.
The German truck maker, which is owned by Volkswagen AG, said
Tuesday that operating profit for the first half should be around
450 million euros ($533.8 million) compared with an operating loss
of EUR220 million in the first half of 2020.
Operating profit for the second quarter is around EUR300
million.
Adjusted operating profit was about EUR1.1 billion in the first
half, with an adjusted operating return on sales of more than
8%.
For the second quarter, adjusted operating profit was around
EUR600 million, with an adjusted operating return on sales of
around 8.5%.
Sales revenue for the first half rose to around EUR13.6 billion
from EUR10.07 billion last year, while sales revenue for the second
quarter was around EUR7 billion.
Traton had incoming orders of more than 170,000 vehicles in the
first half and more than 89,000 vehicles in the second quarter.
For 2021, Traton expects to reach the upper end of the range for
operating return on sales of 5% to 7% "assuming that the further
course of the Covid-19 pandemic does not lead to any additional
negative business impact in the course of the year."
Write to Mauro Orru at mauro.orru@wsj.com; @MauroOrru94
(END) Dow Jones Newswires
July 13, 2021 07:43 ET (11:43 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
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