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    8TRA   DE000TRAT0N7

TRATON SE

(8TRA)
  Report
Delayed Quote. Delayed Xetra - 07/30 11:35:21 am
26.46 EUR   -1.56%
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DGAP-Adhoc: TRATON SE: TRATON SE announces preliminary Q1 2021 results and raises its outlook for financial year 2021

04/19/2021 | 02:15pm EDT
DGAP-Ad-hoc: TRATON SE / Key word(s): Change in Forecast/Quarterly / Interim Statement 
TRATON SE: TRATON SE announces preliminary Q1 2021 results and raises its outlook for financial year 2021 
19-Apr-2021 / 20:13 CET/CEST 
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a 
service of EQS Group AG. 
The issuer is solely responsible for the content of this announcement. 
=---------------------------------------------------------------------------------------------------------------------- 
TRATON SE announces preliminary Q1 2021 results and raises its outlook for financial year 2021 
 
Munich, April 19th, 2021 - Despite the ongoing unprecedented COVID-19-situation, the TRATON GROUP has experienced a 
robust development in the course of the first three months of 2021. The unit sales of the TRATON GROUP further 
recovered in the first quarter and exceeded the unit sales of Q1 2020 significantly. The sales revenue grew also 
considerably in year over year comparison. The net cash flow of the industrial business continued to show a very 
positive development compared to Q1 2020. 
 
Based on preliminary figures, the TRATON GROUP expects for Q1 2021: 
  . A sales revenue of around 6.5 billion Euros, 
  . An adjusted operating profit of around 510 million Euros and an adjusted operating return on sales margin of around 
    7.9%, 
  . An operating profit of around 150 million Euros; this includes 362 million Euros provisions for the restructuring 
    of MAN, 
  . The industrial business net cash flow amounted to around 390 million Euros. 
The definition of the adjusted operating profit is to be found on page 38 of the annual report 2020 
https://ir.traton.com/websites/traton/English/3000/reports-_-presentations.html 
 
Based on the better than expected development in the first quarter of 2021 the company is raising its outlook for 
financial year 2021: For the TRATON GROUP, we are now forecasting an operating return on sales of 5.0% to 7.0% (before 
5.0% to 6.0%). Due to the restructuring program in the MAN Truck & Bus business the cash conversion rate is no longer 
considered a meaningful indicator for the current financial year. We forecast for the industrial business a net cash 
flow in a bandwidth of 500 to 700 million Euros. The forecast does not contain any expenses or expenditures for the MAN 
Truck & Bus restructuring program nor from the planned acquisition of Navistar. The ranges express the still high 
uncertainty about the course of the COVID-19 pandemic and the associated countermeasures of the respective countries as 
well as possible effects on production and supply chains. 
 
TRATON will publish its interim statement with details on the development of Q1 2021 as planned on May 10, 2021. 
 
Contact: 
Rolf Woller 
Head of Treasury and Investor Relations 
T +49 162 172 33 62 
rolf.woller@traton.com 
TRATON SE 
Dachauer Str. 641 
80995 Munich, Germany 
www.traton.com 
=---------------------------------------------------------------------------------------------------------------------- 
19-Apr-2021 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and 
Press Releases. 
Archive at www.dgap.de 
=---------------------------------------------------------------------------------------------------------------------- 
Language:     English 
Company:      TRATON SE 
              Dachauer Str. 641 
              80995 München 
              Germany 
Phone:        +49 (0)89 360 98 70 
E-mail:       investor.relations@traton.com 
Internet:     www.traton.com 
ISIN:         DE000TRAT0N7 
WKN:          TRAT0N 
Indices:      SDAX 
Listed:       Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, 
              Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange; Stockholm 
EQS News ID:  1186387 
 
End of Announcement  DGAP News Service 
=------------ 

1186387 19-Apr-2021 CET/CEST

 
Image link: 
https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=show_t_gif&application_id=1186387&application_name=news 
 

(END) Dow Jones Newswires

April 19, 2021 14:14 ET (18:14 GMT)

Stocks mentioned in the article
ChangeLast1st jan.
DJ INDUSTRIAL -0.42% 34935.47 Delayed Quote.14.63%
SDAX -0.21% 16531.16 Delayed Quote.11.96%
SDAX PERFORMANCE INDEX 9:00-20:00 -0.10% 16491.96 Delayed Quote.11.81%
TRATON SE -1.56% 26.46 Delayed Quote.17.05%
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Financials
Sales 2021 27 223 M 32 305 M 32 305 M
Net income 2021 1 173 M 1 392 M 1 392 M
Net Debt 2021 10 264 M 12 180 M 12 180 M
P/E ratio 2021 11,4x
Yield 2021 3,11%
Capitalization 13 230 M 15 694 M 15 700 M
EV / Sales 2021 0,86x
EV / Sales 2022 0,80x
Nbr of Employees -
Free-Float 10,3%
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Mean consensus OUTPERFORM
Number of Analysts 12
Last Close Price 26,46 €
Average target price 30,00 €
Spread / Average Target 13,4%
EPS Revisions
Managers and Directors
Matthias Grundler Chairman-Management Board & CEO
Christian Schulz Chief Financial Officer & Member-Management Board
Hans Dieter Pötsch Chairman-Supervisory Board
Christian Levin COO & Member-Management Board
Athanasios Stimoniaris Vice Chairman-Supervisory Board
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