Financial management has the duty to manage all financial transactions and financial risks in the TRATON GROUP with a focus on achieving the following objectives:
- Ensuring the solvency of all Group companies at all times as well as the financing of all Group business activities;
- Limiting of market price risks (from interest rates, foreign currencies/exchange rates, commodity prices) and default risk of financial counterparties;
- Optimization of costs from funding activities and returns on financial investments;
- Secure processing of financial and payment transactions to safeguard Group liquidity.
In order to safeguard liquidity and streamline its financing structure, TRATON set up its debut syndicated revolving credit facility in 2020. The revolving credit facility has a volume of €3.75 billion and a term of three years, which can be extended twice for one year each. To underscore TRATON’s commitment to sustainability issues and create further financial incentives for sustainable business performance, ESG (Environmental, Social and Governance) and sustainability criteria were integrated into the credit facility.
Detailed information on TRATON's financial management and financing strategy can be found in the Annual Report.