TRATON SE: TRATON SE announces preliminary Q1 2021 results and raises its outlook for financial year 2021

DGAP-Ad-hoc: TRATON SE / Key word(s): Change in Forecast/Quarterly / Interim Statement TRATON SE: TRATON SE announces preliminary Q1 2021 results and raises its outlook for financial year 2021 19-Apr-2021 / 20:13 CET/CEST Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. TRATON SE announces preliminary Q1 2021 results and raises its outlook for financial year 2021   Munich, April 19th, 2021 - Despite the ongoing unprecedented COVID-19-situation, the TRATON GROUP has experienced a robust development in the course of the first three months of 2021. The unit sales of the TRATON GROUP further recovered in the first quarter and exceeded the unit sales of Q1 2020 significantly. The sales revenue grew also considerably in year over year comparison. The net cash flow of the industrial business continued to show a very positive development compared to Q1 2020.   Based on preliminary figures, the TRATON GROUP expects for Q1 2021: A sales revenue of around 6.5 billion Euros,  An adjusted operating profit of around 510 million Euros and an adjusted operating return on sales margin of around 7.9%, An operating profit of around 150 million Euros; this includes 362 million Euros provisions for the restructuring of MAN, The industrial business net cash flow amounted to around 390 million Euros. The definition of the adjusted operating profit is to be found on page 38 of the annual report 2020 https://ir.traton.com/websites/traton/English/3000/reports-_-presentations.html   Based on the better than expected development in the first quarter of 2021 the company is raising its outlook for financial year 2021: For the TRATON GROUP, we are now forecasting an operating return on sales of 5.0% to 7.0% (before 5.0% to 6.0%). Due to the restructuring program in the MAN Truck & Bus business the cash conversion rate is no longer considered a meaningful indicator for the current financial year. We forecast for the industrial business a net cash flow in a bandwidth of 500 to 700 million Euros. The forecast does not contain any expenses or expenditures for the MAN Truck & Bus restructuring program nor from the planned acquisition of Navistar. The ranges express the still high uncertainty about the course of the COVID-19 pandemic and the associated countermeasures of the respective countries as well as possible effects on production and supply chains.   TRATON will publish its interim statement with details on the development of Q1 2021 as planned on May 10, 2021.   Contact: Rolf Woller Head of Treasury and Investor Relations T [phone] [e-mail] TRATON SE Dachauer Str. 641 80995 Munich, Germany www.traton.com 19-Apr-2021 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de

Language:	English
Company:	TRATON SE
	Dachauer Str. 641
	80995 München
	Germany
Phone:	[phone]
E-mail:	[e-mail]
Internet:	www.traton.com
ISIN:	DE000TRAT0N7
WKN:	TRAT0N
Indices:	SDAX
Listed:	Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange; Stockholm
EQS News ID:	1186387

End of Announcement	DGAP News Service

1186387  19-Apr-2021 CET/CEST