By Giulia Petroni 
 

Traton SE said Tuesday that it expects an increase in unit sales and sales revenue this year following a high order backlog, but warned on the potential negative impact of the war in Ukraine.

The Volkswagen AG-subsidiary said it expects an adjusted operating return on sales of between 5% and 7% in 2022, subject to further developments on Russia's invasion of Ukraine and supply-chain uncertainties.

"It cannot be ruled out that as the conflict [in Ukraine] unfolds, it may have a material negative impact on the Traton group's net assets, financial position, and results of operations," the company said.

In full-year 2021, the operating result jumped to 393 million euros ($430.07 million) from EUR81 million in the previous year. On an adjusted basis, the operating result was EUR1.60 billion from EUR135 million.

Sales revenue rose 36% to EUR30.62 billion, driven by the truck and service businesses, as well as the integration of the new U.S. subsidiary Navistar, Traton said.

 

Write to Giulia Petroni at giulia.petroni@wsj.com

 

(END) Dow Jones Newswires

March 15, 2022 03:34 ET (07:34 GMT)

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