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    8TRA   DE000TRAT0N7

TRATON SE

(8TRA)
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Real-time Estimate Quote. Real-time Estimate Tradegate - 12/01 05:26:17 am
20.99 EUR   +0.91%
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Traton : CEO roles for TRATON GROUP and Scania are merged, Christian Levin is appointed to lead the group

09/29/2021 | 02:18pm EST

Effective October 1, Christian Levin takes on changed role which merges his current role as President and CEO of Scania with the role as President and CEO of TRATON GROUP.

TRATON CEO Matthias Gründler and CFO Christian Schulz will leave the company on September 30, 2021. At the same time, the current President and CEO of Scania, Christian Levin is appointed to head TRATON SE as the new CEO from October 1, 2021. Annette Danielski, currently Head of Corporate Finance at TRATON SE, will become the new CFO as of October 1, 2021. 

"I am honoured to take on the role as CEO of the TRATON Group while continuing on as CEO of Scania. Looking ahead focus will be on transforming business into new technology areas and geographies, whilst leveraging further synergies through modularisation and scalability, says Christian Levin, incoming CEO of TRATON Group and President and CEO of Scania. 

Levin continues: "The evolution of the TRATON Group continues and builds on the TRATON strategy which the current management team established and which is now pushed into a different gear. The strategy includes a stronger focus on sustainability not the least through e-mobility, digitalisation and connectivity; continued integration of Navistar and growth in the North American market, as well as continued investments in China over the next few years. This change will comprise of several steps over time and by the end of the year a fuller plan will be presented." 

On this next step of the TRATON journey, the strength, competence and business logic in each brand in the group - MAN, Navistar, Scania and Volkswagen Caminões e Ônibus - will continue to be leveraged.

"We were able to implement the Global Champion strategy faster than expected. This means that TRATON is now on stable footing internationally. The task now is to lead TRATON into a sustainable future beyond conventional business models and ways of thinking. With Christian Levin at the helm, the TRATON GROUP can now benefit even more from its lead brand Scania. Christian Levin is exactly the right person for this task and I wish him and the entire TRATON team every success." said Matthias Gründler, CEO of the TRATON GROUP.

"I would like to expressly thank Matthias Gründler and Christian Schulz on behalf of the entire Supervisory Board for the work they have done and the mutual successes achieved. Both of them pushed the implementation of the Global Champion strategy massively and thus achieved major milestones for the TRATON GROUP in a short time. I see Christian Levin as a strong leader to execute on the next chapter for the group, he has my full support to lead the journey towards stronger profitability and growth. Christian Levin and Annette Danielski will consequently implement the jointly developed new TRATON strategy," says Hans Dieter Pötsch, Chairman of the TRATON Supervisory Board. 
 

For further information, please contact:
Karin Hallstan, Head of Corporate Communication, Scania
Phone: +46 76 842 81 04
E-mail: karin.hallstan@scania.com 

Scania is a world-leading provider of transport solutions. Together with our partners and customers we are driving the shift towards a sustainable transport system. In 2020, we delivered 66,900 trucks, 5,200 buses as well as 11,000 industrial and marine power systems to our customers. Net sales totalled to over SEK 125 billion, of which over 20 percent were services-related. Founded in 1891, Scania now operates in more than 100 countries and employs some 50,000 people. Research and development are mainly concentrated in Sweden. Production takes place in Europe and Latin America with regional product centres in Africa, Asia and Eurasia. Scania is part of TRATON GROUP. For more information visit: www.scania.com.

https://news.cision.com/scania/r/ceo-roles-for-traton-group-and-scania-are-merged--christian-levin-is-appointed-to-lead-the-group,c3424106

https://mb.cision.com/Main/209/3424106/1475051.pdf

https://news.cision.com/scania/i/christian-levin-3-16-7,c2961569

(c) 2021 Cision. All rights reserved., source Press Releases - English

Stocks mentioned in the article
ChangeLast1st jan.
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Financials
Sales 2021 28 868 M 32 702 M 32 702 M
Net income 2021 1 162 M 1 316 M 1 316 M
Net Debt 2021 9 862 M 11 172 M 11 172 M
P/E ratio 2021 9,41x
Yield 2021 3,43%
Capitalization 10 400 M 11 722 M 11 781 M
EV / Sales 2021 0,70x
EV / Sales 2022 0,59x
Nbr of Employees -
Free-Float 10,3%
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Mean consensus OUTPERFORM
Number of Analysts 12
Last Close Price 20,80 €
Average target price 29,21 €
Spread / Average Target 40,4%
EPS Revisions
Managers and Directors
Christian Levin President & Chief Executive Officer
Annette Danielski Chief Financial Officer
Hans Dieter Pötsch Chairman-Supervisory Board
Gunnar Kilian Member-Supervisory Board
Mari Carlquist Member-Supervisory Board
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