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07/29/19
Munich
Volkswagen Group News

TRATON increases operating profit to over €1 billion in first half of the year

  • Sales revenue increases by 7% to €13.5 billion
  • Operating profit up year-on-year by around 25% to €1.1 billion
  • Operating return on sales rises to 7.9%
  • Earnings after tax increases by 65% to €792 million
  • Unit sales up by around 10% to 123,336 trucks and buses
  • Order intake down by 6%
  • CEO Andreas Renschler: “Our IPO in June demonstrates that at TRATON we are executing on our goals. Looking forward, we are now running full steam ahead with implementing our Global Champion Strategy and leveraging additional synergies in the entire Group.”

The TRATON GROUP announces strong first half-year results. During the first six months of this year, the Group increased its operating profit by €212 million compared with the prior-year period to over €1 billion. The Group generated sales revenue of €13.5 billion (previous year: €12.6 billion), representing a 7% increase compared with the first six months of 2018. The previous year figure still includes sales revenue of Volkswagen Gebrauchtfahrzeughandels und Service GmbH (VGSG), which was disposed of as of January 1, 2019, in the amount of €348 million. Adjusted for this sales revenue, the increase for the current fiscal year was 10%. During the first six months of 2019, TRATON GROUP sold 123,336 vehicles worldwide, which was also up around 10% against the prior-year figure. This growth was driven primarily by the continued favorable development of the core markets in Europe, especially Germany, and Brazil. At the same time, however, the level of order intakes in the Industrial Business segment at 120,491 units during the first six months of 2019 was 6% below the same period of 2018, driven by a decline in truck orders in the EU28+2 region, Russia, India, and Turkey as well as lower orders for buses in Mexico, Iran, and Saudi Arabia. The ratio of order intake to sales (book-to-bill ratio) was 0.98 in the first half of 2019.

Your media contacts

Julia Kroeber-Riel
Head of Group Communications & Governmental Relations, TRATON AG
Tel. +49 152 58870900
Sebastian Rausch
Financial Media Relations,TRATON AG
Tel. +49 174 9403059