TRATON SE TRATON SE: TRATON SE announces preliminary Q1 2020 results

Directive transparence : information réglementée

21/04/2020 17:09

DGAP-Ad-hoc: TRATON SE / Key word(s): Quarter Results
TRATON SE: TRATON SE announces preliminary Q1 2020 results

21-Apr-2020 / 17:09 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 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.
Rolf Woller
Head of Treasury and Investor Relations
T +49 162 172 33 62
Dachauer Str. 641
80995 Munich, Germany

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Language: English
Company: TRATON SE
Dachauer Str. 641
80995 München
Phone: +49 (0)89 360 98 70
E-mail: investor.relations@traton.com
Internet: www.traton.com
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