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    8TRA   DE000TRAT0N7

TRATON SE

(8TRA)
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Delayed Xetra  -  11:35 2022-07-01 am EDT
13.94 EUR   -0.14%
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Traton Sets Medium-Term Margin Targets

05/18/2022 | 08:15am EDT

By Cecilia Butini


Traton SE on Wednesday set a new margin target for the group through 2024 as it expects higher volumes and efficiency gains. It also set targets for its subsidiaries Scania, MAN Truck & Bus and for its Latin American business, Volkswagen Caminhoes e Onibus.

The Volkswagen AG subsidiary set a 9% return-on-sales target for the whole group through 2024, saying that higher profitability should be supported by higher volumes, growth in its Vehicle Services business, and the completion of the realignment of MAN Truck & Bus.

"Unit sales of the group are expected to grow in the medium term, primarily driven by a highly competitive product and service offering, the company's recent entry into the North American market with Navistar, and the establishment of production in China," the company said.

Scania, Traton's Sweden-based, commercial-vehicle manufacturer, is aiming for a 12% strategic return on sales, while Man Truck & Bus is targeting 8%, it said.

Brazil-based subsidiary Volkswagen Caminhoes e Onibus, also known as Volkswagen Truck & Bus, is aiming for an 8% return on sales as a strategic target after delivering strong return on sales in 2021, Traton said.

Navistar, the recently-consolidated brand of the group, is targeting a 9% return on sales, with the ambition of further increasing profitability in the long term, Traton said.


Write to Cecilia Butini at cecilia.butini@wsj.com


(END) Dow Jones Newswires

05-18-22 0814ET

Stocks mentioned in the article
ChangeLast1st jan.
EURO / BRAZILIAN REAL (EUR/BRL) 0.99% 5.5587 Delayed Quote.-13.22%
TRATON SE -0.14% 13.94 Delayed Quote.-37.04%
VOLKSWAGEN AG 0.05% 127.48 Delayed Quote.-28.17%
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05/27TRATON : CMD 2022 – Presentation Scania, 2022/05/18
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05/27TRATON : CMD 2022 – Presentation TRATON GROUP Strategy, 2022/05/18
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Financials
Sales 2022 36 627 M 38 098 M 38 098 M
Net income 2022 1 299 M 1 351 M 1 351 M
Net Debt 2022 17 673 M 18 382 M 18 382 M
P/E ratio 2022 5,53x
Yield 2022 6,45%
Capitalization 6 970 M 7 250 M 7 250 M
EV / Sales 2022 0,67x
EV / Sales 2023 0,62x
Nbr of Employees -
Free-Float 10,3%
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Mean consensus OUTPERFORM
Number of Analysts 14
Last Close Price 13,94 €
Average target price 21,46 €
Spread / Average Target 54,0%
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Managers and Directors
Christian Levin President & Chief Executive Officer
Annette Danielski Chief Financial Officer
Hans Dieter P÷tsch Chairman-Supervisory Board
Catharina Modahl-Nilsson Chief Technical Officer
Gunnar Kilian Member-Supervisory Board
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