DGAP-Adhoc: TRATON SE: TRATON SE announces preliminary Q1 2020 results
|
DGAP-Ad-hoc: TRATON SE / Key word(s): Quarter Results
TRATON SE announces preliminary Q1 2020 results
Munich, 21 April 2020 - The ongoing Covid-19 pandemic still has a significant impact on TRATON GROUP's business. As a result, the production chains in the commercial vehicle industry has largely come to a standstill. Supplier bottlenecks led to extensive production stops within the TRATON GROUP. The aforementioned developments have a negative impact on the expected financial results of the TRATON GROUP. Based on preliminary figures, the TRATON GROUP expects for the first quarter of 2020: - Sales revenue of around 5.7 billion Euros. - Operating profit of around 160 million Euros and a return on sales margin of around 2.8%. - The industrial business net cash flow amounted to around -170 million Euros. - Industrial business net liquidity amounted to around -160 million Euros. As already announced on March 23, 2020 the TRATON GROUP has already implemented extensive counter measures to reduce costs. Securing liquidity has the highest priority and optimizing working capital and prioritizing investments are key focus areas. The TRATON GROUP is planning the phased restart of production in the coming weeks with enhanced safety standards for the workforce. An updated prognosis on its business development in 2020 is, considering the currently fast-moving changes, still not possible. Contact: Rolf Woller Head of Treasury and Investor Relations T +49 162 172 33 62 [email protected] TRATON SE Dachauer Str. 641 80995 Munich, Germany www.traton.com
21-Apr-2020 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
| Language: | English |
| Company: | TRATON SE |
| Dachauer Str. 641 | |
| 80995 München | |
| Germany | |
| Phone: | +49 (0)89 360 98 70 |
| E-mail: | [email protected] |
| 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: | 1026655 |
| End of Announcement | DGAP News Service |
|
|
1026655 21-Apr-2020 CET/CEST
Traton SE Stock
€32.25
-0.460%
The community is currently still undecided about Traton SE with 1 Buy predictions and 0 Sell predictions.
As a result the target price of 39 € shows a positive potential of 20.93% compared to the current price of 32.25 € for Traton SE.
