TRATON SE
/ Key word(s): Capital Markets Day
IR release TRATON GROUP announces ambitious goals
Munich, October 1, 2024 — During its Capital Markets Day 2024 in Munich, the TRATON GROUP outlined its ambitions for its medium-term business development. The adjusted operating return on sales is expected to be between 9 and 11% in 2029. The corresponding outlook for the current fiscal year 2024 is between 8 and 9%. The TRATON GROUP plans to grow its sales revenue by 20 to 40% over the period 2024 to 2029. Moreover, TRATON aims to fully repay the net financial debt of the industrial business within this time frame. Christian Levin, CEO of the TRATON GROUP: “With its TRATON Way Forward strategy, the TRATON GROUP is making excellent progress. We recently achieved a real milestone in the cooperation of our brands. Significant parts of our brands’ research and development departments are being merged into a cross-brand organization. Furthermore, our brands have future-proofed their product portfolio by investing in the electrification of commercial vehicles. We are fully committed to our motto of ‘Transforming Transportation Together. For a sustainable world’. For the next five years, we have identified additional growth drivers for TRATON beyond our conventional growth in existing markets. We therefore expect to benefit from the shift towards electrification and a higher share of battery electric vehicles within unit sales. What’s more, we intend to leverage the potential of our brand in North America even more effectively. The rebranding of our US subsidiary from Navistar to International Motors, which enters into force today, demonstrates our commitment. The brand is thus going back to its roots. By positioning itself even more as a solution provider for truck and bus customers, International aims to increase its market share in North America. International's full solutions portfolio will also include services such as parts, maintenance, financing, connectivity, and charging. In addition, with the S13 powertrain we have started making the highly efficient TRATON Common Base Engine available to International customers. The brand’s extensive sales and service network will also provide vital support in this regard. Moreover, with the establishment of our own production site in Rugao, China, we finally get the chance to offer locally manufactured vehicles in China, the world’s largest truck market, and in other Asian markets. This move will help us reduce CO2 emissions and expand the product range through the delivery of highly efficient trucks. The growth in North America and Asia will be a major factor in propelling us towards our ambition of increasing revenue by 20 to 40% by 2029.” A recording of the webcast for the TRATON GROUP Capital Markets Day 2024 will be available after the event at https://ir.traton.com/ Forward-looking statements This media release contains forward-looking statements and information on the business development of the TRATON GROUP. These forward-looking statements and information reflect our current views about future events and are based on assumptions relating to the TRATON GROUP’s business and operations and the development of the economies in the countries in which the TRATON GROUP is active. These forward-looking statements may involve risks and uncertainties, and actual results may differ materially from those forward-looking statements and/or any forecasts. This applies in particular, if any of these or other risks or uncertainties materialize, or if the assumptions underlying any of these statements prove incorrect, the actual results may significantly differ from those expressed or implied by such forward-looking statements. Any changes in significant parameters relating to the key markets in which the TRATON GROUP is active, or any significant shifts in exchange rates, market regulation, energy and other commodity prices or the supply with parts relevant to the TRATON GROUP will have a corresponding effect on the business development. In addition, there may also be departures from the expected business development if the factors influencing sustainable value enhancement and the risks and opportunities presented develop in a way other than is currently expected, or if additional risks and opportunities or other factors emerge that affect the development of the business. TRATON SE does not assume any responsibility for updating forward-looking statements in this media release, as these are based on our assessment on the day of publication. This media release does not constitute or form part of any offer or invitation to sell or issue, or any solicitation of any offer to purchase or subscribe for, any securities of Volkswagen AG, TRATON SE, or any company of the TRATON GROUP in any jurisdiction. Contact Ursula Querette Thomas Paschen TRATON SE With its brands Scania, MAN, International, and Volkswagen Truck & Bus, TRATON SE is the parent and holding company of the TRATON GROUP and one of the world’s leading commercial vehicle manufacturers. The Group’s product portfolio comprises trucks, buses, and light-duty commercial vehicles. “Transforming Transportation Together. For a sustainable world.”: this intention underlines the Company’s ambition to have a lasting and sustainable impact on the commercial vehicle business and on the Group’s commercial growth.
01.10.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG. |
Language: | English |
Company: | TRATON SE |
Hanauer Str. 26 | |
80992 Munich | |
Germany | |
Phone: | +49 (0)89 360 98 70 |
E-mail: | investor.relations@traton.com |
Internet: | www.traton.com |
ISIN: | DE000TRAT0N7 |
WKN: | TRAT0N |
Indices: | MDAX |
Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange; Stockholm |
EQS News ID: | 1999021 |
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1999021 01.10.2024 CET/CEST