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MarketScreener Homepage  >  Equities  >  Xetra  >  Traton SE    8TRA   DE000TRAT0N7

TRATON SE

(8TRA)
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Traton : Says Faster Market Recovery and Cost-Savings Helped 3Q Results

10/22/2020 | 02:47am EST

By Kim Richters

Traton SE said late Wednesday that it felt a quicker-than-anticipated a market recovery in the third quarter, which along with cost-cutting measures helped its performance and lifted some of its main financial indicators "well above market expectations."

The Volkswagen AG-subsidiary said adjusted operating profit for the quarter came in at around 210 million euros ($249.1 million). Excluding adjustments of around EUR50 million, operating profit was around EUR160 million.

Quarterly sales for the truck maker were around EUR5.7 billion and industrial business net cash flow was about EUR200 million for the period.

For the first nine months of the year, Traton posted an adjusted operating loss of around EUR10 million and sales of approximately EUR15.7 billion. All figures are preliminary, Traton said, without providing a year-earlier comparison.

According to previous year's statement, the truck maker made EUR19.8 billion in revenue and an operating profit of EUR1.5 billion in the first nine months of 2019.

Traton said the coronavirus pandemic continues to significantly affect its business and it that it expects the fourth quarter to have "the usual year-end seasonality pattern."

However, it also anticipates "a positive impact for the remainder of the year" due to third-quarter developments. It plans to provide an updated outlook for 2020 and nine-months results by Nov. 10.

Write to Kim Richters at kim.richters@wsj.com

(END) Dow Jones Newswires

10-22-20 0246ET

Stocks mentioned in the article
ChangeLast1st jan.
TRATON SE -0.16% 22.25 Delayed Quote.-6.96%
VOLKSWAGEN AG -1.80% 145.92 Delayed Quote.-17.20%
All news about TRATON SE
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More news
Financials
Sales 2020 22 158 M 26 507 M 26 507 M
Net income 2020 -16,2 M -19,4 M -19,4 M
Net Debt 2020 10 308 M 12 331 M 12 331 M
P/E ratio 2020 1 295x
Yield 2020 1,02%
Capitalization 11 125 M 13 301 M 13 309 M
EV / Sales 2020 0,97x
EV / Sales 2021 0,88x
Nbr of Employees -
Free-Float 10,3%
Chart TRATON SE
Duration : Period :
Traton SE Technical Analysis Chart | 8TRA | DE000TRAT0N7 | MarketScreener
Technical analysis trends TRATON SE
Short TermMid-TermLong Term
TrendsBullishBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 12
Average target price 21,61 €
Last Close Price 22,25 €
Spread / Highest target 12,4%
Spread / Average Target -2,88%
Spread / Lowest Target -23,6%
EPS Revisions
Managers
NameTitle
Matthias Grundler Chairman-Management Board & CEO
Hans Dieter Pötsch Chairman-Supervisory Board
Christian Levin COO & Member-Management Board
Christian Schulz Chief Financial Officer & Member-Management Board
Athanasios Stimoniaris Vice Chairman-Supervisory Board
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