By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
The Auto Magazine
  • Home
  • Auto Shows
    Auto ShowsShow More
    BMW and Alvaro Barrington celebrate hydrogen mobility at Art Basel in Basel 2025
    June 18, 2025
    MHB DEALER EXPO 2025 – A Premier Automotive Networking Experience
    June 17, 2025
    Entries Open for The Cape 1000 – South Africa’s Most Beautiful Drive Returns for 2026
    June 10, 2025
    Ulterio Motiv Toyota Land Cruiser 6×6 and 6×4 to invade Land Cruiser Festival
    June 3, 2025
    Maserati enthrals at FuoriConcorso with GT2 Stradale and MCXtrema
    May 14, 2025
  • Bikes
    BikesShow More
    Desmo450 MX: Production of the first Ducati Motocross bike begins
    May 28, 2025
    25YM Honda NC750X
    May 13, 2025
    BMW Motorrad presents the new BMW R 1300 RS
    May 2, 2025
    BMW Motorrad presents the new BMW R 1300 RT
    April 30, 2025
    Honda NC750X Named Winner in 2025 Red Dot Design Award
    April 10, 2025
  • News
    NewsShow More
    Kia EV3 wins Car of the Year at 2025 Autotrader Awards
    June 23, 2025
    Porsche 963 cars raise 600,000 euros in Le Mans towards Racing for Charity
    June 20, 2025
    50 Years of BMW Art Cars and the BMW 3 Series at the BMW Museum
    June 20, 2025
    Ford Performance Returns to Pikes Peak with Electric Super Mustang Mach-E Demonstrator
    June 20, 2025
    Winners of ISUZU AI Innovation Challenge 2024 announced
    June 18, 2025
  • Concepts
    ConceptsShow More
    TOYOTA GAZOO Racing unveils liquid hydrogen-fueled “GR LH2 Racing Concept” at Le Mans
    June 11, 2025
    FIAT unveils the manifesto Grande Panda 4×4
    May 20, 2025
    Renault 4 Savane 4×4 Concept makes its global debut at Roland-Garros 2025
    May 16, 2025
    Hyundai Motor and Plus Unveil Concept for Autonomous Hydrogen Freight Ecosystem at ACT Expo 202
    May 2, 2025
    Hyundai Motor Unveils the new IONIQ 6 and IONIQ 6 N Line
    April 5, 2025
  • Interviews
    InterviewsShow More
    24-hour race at Le Mans, the Nürburgring and Spa – triple marathon for Mercedes-AMG Motorsport
    June 10, 2025
    Kosmas “Dudie” Mamaloukos – The Formidable Racing Talent
    May 15, 2025
    Hi-Range Safari City
    Hi-Range Safari City – The Premier outfitter for 4×4 customization
    May 15, 2025
    BEHIND THE SCENES: ARCHIE RUTHERFORD ON WHAT IT TAKES TO BRING THE W2RC TO SOUTH AFRICA
    May 9, 2025
    Europe and China’s automotive future in a shifting global order
    May 5, 2025
  • EVs
    EVsShow More
    Polestar 3 OTA update introduces new Abbey Road Studios Mode exclusively for Bowers & Wilkins audio system
    June 18, 2025
    No Compromise Ford Ranger PHEV Brings Electric Power to Europe’s Best-Selling Pickup
    June 18, 2025
    Scania launches MCS rapid charging solution at EVS38
    June 18, 2025
    Ford Begins Capri and Explorer Battery Pack Assembly in Cologne
    June 17, 2025
    Special Envoy Launches XPress – SA’s First Full EV Courier Fleet
    June 11, 2025
  • Motosport
    MotosportShow More
    Two Porsche 911 GT3 R finish on the Nürburgring podium after 24 hours
    June 24, 2025
    BMW M4 GT3 EVO celebrates its first win of the season at the Six Hours of the Glen
    June 23, 2025
    24h Nürburgring: Mercedes-AMG without racing luck at the Eifel classic
    June 23, 2025
    Commanding performance by Škoda at Rally Poland
    June 20, 2025
    Nissan Formula E Team ready for Jakarta return as Season 11 enters closing stages
    June 20, 2025
  • Trucks & Buses
    Trucks & BusesShow More
    Scania launches MCS rapid charging solution at EVS38
    June 18, 2025
    Daimler Truck and Volvo Group launch Coretura
    June 17, 2025
    Volvo Trucks launches upgraded Volvo Dynamic Steering system to increase road safety
    June 17, 2025
    MAN starts series production of electric trucks
    June 17, 2025
    UD Trucks Southern Africa celebrates dealers breaking barriers at 2025 awards ceremony
    June 11, 2025
  • Reviews
    ReviewsShow More
    Introducing the Land Cruiser Hybrid 48V: a new powertrain for Toyota’s legendary SUV
    June 23, 2025
    THE NEW HAVAL H6 SUV IS HERE, AND IT’S BUILT FOR BIG MOMENTS!
    June 18, 2025
    THE NEW PEUGEOT E-208 GTi MORE PLEASURE. MORE GTi THAN EVER!
    June 17, 2025
    New BMW XM options: maximum exclusivity and breathtaking performance.
    June 12, 2025
    The Audi Q5 e-hybrid: all-rounder with great electric range
    June 11, 2025
  • Tech
    TechShow More
    New Kia App provides European drivers with a unified digital experience
    June 17, 2025
    Abbey Road Studios Mode makes global debut in Volvo EX90
    June 17, 2025
    Audi develops the picking process of the future
    June 2, 2025
    Volvo EX90 LiDAR and smartphone cameras: What you need to know
    June 2, 2025
    VNC Automotive Partners with P3 to Enhance the SPARQ OS Platform
    May 29, 2025
Hot News
Two Porsche 911 GT3 R finish on the Nürburgring podium after 24 hours
Introducing the Land Cruiser Hybrid 48V: a new powertrain for Toyota’s legendary SUV
BMW M4 GT3 EVO celebrates its first win of the season at the Six Hours of the Glen
24h Nürburgring: Mercedes-AMG without racing luck at the Eifel classic
Kia EV3 wins Car of the Year at 2025 Autotrader Awards
Motosport

World Rally-raid podium joy for the Dacia sandriders in South Africa

Motosport

Hyundai Motor’s IONIQ 5 N Sets Benchmark for Crossover EVs at Pikes Peak International Hill Climb

Latest News

Hyundai Motor India Signs APA for GM India Assets

Latest News

SUBARU OF AMERICA 2023 YEAR-END SALES UP 13.6 PERCENT

Font ResizerAa
The Auto MagazineThe Auto Magazine
  • Home
  • Auto Shows
  • Bikes
  • News
  • Concepts
  • Interviews
  • EVs
  • Motosport
  • Trucks & Buses
  • Reviews
  • Tech
Search
  • Home
  • Auto Shows
  • Bikes
  • News
  • Concepts
  • Interviews
  • EVs
  • Motosport
  • Trucks & Buses
  • Reviews
  • Tech
Follow US
Crafted by Intellegere Media. © 2024 The Auto Magazine. All rights reserved.
Latest News

TRATON GROUP raises profitability target for full-year 2023

Itumeleng Garebatshabe
Last updated: May 8, 2023 13:53
By Itumeleng Garebatshabe
1.1k Views
7 Min Read
Share
7 Min Read
SHARE

The TRATON GROUP is raising its return on sales target for full-year 2023 following a successful first quarter. Adjusted operating return on sales is now expected to range between 7.0 and 8.0%, following the original forecast of 6.0 to 7.0%. TRATON is still expecting its unit sales and sales revenue to increase by 5 to 15% each.

The TRATON GROUP brands lifted their unit sales by a quarter to 84,600 (3M 2022: 67,800) vehicles in the first three months of 2023. Buoyed by higher unit sales volume and strong product positioning, sales revenue grew 31% to €11.2 billion (3M 2022: €8.5 billion). Although market demand remained strong, the TRATON GROUP brands continued to be restrictive when accepting new orders in light of the very high order backlog. This took incoming orders down 28% to 68,500 (3M 2022: 95,600) vehicles in the first quarter. The book-to-bill ratio, or the ratio of incoming orders to unit sales, was 0.81 in the first three months of the year. This means that unit sales were higher than incoming orders, causing a moderate decrease in order backlog.

- Advertisement -
Ad image

At €834 million (3M 2022: €355 million), the TRATON GROUP’s operating result was up €479 million on the prior-year quarter. Adjusted operating result rose by €534 million to €935 million (3M 2022: €402 million). Adjustments amounted to €102 million (3M 2022: €47 million) in the TRATON Financial Services segment and were attributable to currency translation effects in connection with the completed sale of Scania Finance Russia. TRATON increased its operating return on sales by 3.3 percentage points to 7.5% in the first quarter. Adjusted operating return on sales was 8.4% and thus 3.7 percentage points higher than in the prior-year quarter. TRATON had reported on the most important key performance indicators of the first quarter on April 14 on the basis of preliminary figures. These figures have now been confirmed.

Christian Levin, CEO of the TRATON GROUP: “TRATON had a very strong start to 2023 with a great deal of momentum. Supply chains continued to stabilize, which meant we were able to increase our production volume significantly and deliver more vehicles to our customers. Our Vehicle Services business also remains very strong, and we were able to achieve double-digit percentage growth in sales revenue. We recorded a strong increase in unit sales in our key markets in Europe and North America. In South America, on the other hand, the introduction of tightened emissions standards in Brazil dampened customer demand and drove down our unit sales of trucks in this region. Overall, our brands delivered a great performance in the first quarter. Volkswagen Truck & Bus is faring very well in what is a difficult market environment. Navistar was also able to maintain the sound performance seen in the last quarters. Scania regained its former strength and profitability in the first quarter of the year and recorded an operating return on sales of 13.3%. And with a significant improvement in operating return on sales to 5.8%, MAN showed what its motivated team is capable of. An impressive achievement. We will do everything in our power to harness the momentum we gained in the first quarter to have a successful rest of the year.”

Dr. Michael Jackstein, CFO and CHRO of the TRATON GROUP: “2023 got off to a very successful start for our Company — and we want to build on that success. Our order book is well filled, and that is making me optimistic for the coming quarters. In light of our strong performance in the first quarter, we are updating our forecast for full-year 2023: while we continue to expect significant growth of 5 to 15% in both our unit sales and our sales revenue, we are now forecasting an even stronger improvement of between 7.0 and 8.0% in our adjusted operating return on sales. We had previously expected adjusted operating return on sales to range from 6.0 to 7.0%. However, I am also keen to stress that supply chains and the continuing war in Ukraine are important factors, and it remains difficult to predict how they will develop. With this in mind, we are keeping a very close eye on these factors so that we can react quickly.”

The TRATON GROUP’s most important financial key performance indicators:

 3M 20233M 2022Change
TRATON GROUP   
Incoming orders 68,47095,594–28%
   of which trucks53,61079,529–33%
   of which buses7,7718,474–8%
   of which MAN TGE vans7,0897,591–7%
Unit sales84,58767,76725%
   of which trucks70,20857,57522%
   of which buses7,6185,92928%
   of which MAN TGE vans6,7614,26359%
TRATON GROUP   
Sales revenue (€ million)11,1868,52531%
Operating result (€ million)834355479
Operating result (adjusted) (€ million)935402534
Operating return on sales (in %)7.54.23.3 pp
Operating return on sales (adjusted) (in %)8.44.73.7 pp
TRATON Operations   
Sales revenue (€ million)10,9408,36331%
Operating result (€ million)987424563
Operating result (adjusted) (€ million)987441546
Operating return on sales (in %)9.05.14 pp
Operating return on sales (adjusted) (in %)9.05.33.7 pp
Net cash flow (€ million)737139597
TRATON Financial Services   
Sales revenue (€ million)35229718%
Operating result (€ million)–2041–61
Operating result (adjusted) (€ million)827111
Operating return on sales (in %)–5.613.8–19.4 pp
Operating return on sales (adjusted) (in %)23.324.0–0.7 pp
TAGGED:TRATON GROUP

Sign Up For Daily Newsletter

Stay Updated! Get the latest breaking news delivered straight to your inbox.

By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Share This Article
Facebook Whatsapp Whatsapp LinkedIn VKontakte Telegram Email Copy Link Print
Share
ByItumeleng Garebatshabe
Editor
Follow:
Itumeleng is the Managing Editor of The Auto Magazine. He is a tech and car enthusiast

Follow US

FacebookLike
XFollow
InstagramFollow
YoutubeSubscribe
TiktokFollow
TelegramFollow
Google NewsFollow
LinkedInFollow
- Advertisement -
Ad imageAd image

You Might Also Like

Trucks & Buses

MAN Logistics Center Salzgitter grows by 30 percent

By Itumeleng Garebatshabe
May 13, 2025
Trucks & Buses

MAN accelerates development of driverless trucks

By Itumeleng Garebatshabe
March 13, 2024
Latest News

Sara Forsberg has been appointed CTO at Scania

By Itumeleng Garebatshabe
April 23, 2024
Trucks & Buses

Scania and MAN find synergies in vehicle testing

By Itumeleng Garebatshabe
November 9, 2023
Trucks & Buses

Scania accelerates deployment of autonomous hub-to-hub transport

By Itumeleng Garebatshabe
March 13, 2024
Latest NewsTrucks & Buses

Scania Performance Summary January–March 2025

By Itumeleng Garebatshabe
April 28, 2025

The Auto Magazine

  • Advertise
  • About Us
  • Contact
  • Privacy Policy
  • Terms of Use
  • Cookie Policy
  • Bikes
  • Electric Vehicles
  • Trucks & Buses
  • Auto Shows
  • Latest News
  • Motosport

Made by Intellegere Media. All rights reserved. 2023

Don't not sell my personal information
Join Us!
Subscribe to our newsletter and never miss our latest news, podcasts etc.

Zero spam, Unsubscribe at any time.
adbanner