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Traton Group reports strong 2023 sales result

Traton Group

MAN and Scania parent company Traton Group has reported a strong financial result for 2023, releasing figures this week.

Key figures include an increased sales revenue of 16 per cent – up to €46.9 billion from 2022’s €40.3 billion – which the company attributes to sales of new vehicles and significant growth in its vehicle services business.

Traton almost doubled its adjusted operating result to €4.0 billion in 2023 from €2.1 billion in 2022 due to higher unit sales overall.

“We made 2023 a very successful year for the Traton Group, thanks to the strong contribution from all our brands,” says Traton CEO Christian Levin.

“For the Traton Group, being successful also means driving the transition to a world of sustainable transportation. For example, the key milestones we reached in 2023 on our electric mobility journey will have a positive impact on 2024 and beyond.

“With the market environment for trucks generally softening in some regions, we will remain extremely focused in 2024 and capitalise on our strengths.

“With our established and committed brands, we focus on customer satisfaction while also working together on further efficiency gains, making us successful as a Group.

“This year, we will continue growing closer together to leverage our potential. Our strong order book will support us. The orders that we already have will last us into the second half of the year.”

Traton reported that each of its associated brands added significantly to the overall sales result for 2023.

Scania recorded sales revenue of €17.9 billion in the 2023 financial year, with an adjusted operating return on sales of 12.7 per cent, 4.1 per cent higher than in the previous year and increasing incoming orders by two per cent.

MAN Truck & Bus’ operating return on sales rose by six per cent to 7.3 per cent with a €14.8 billion sales revenue. Navistar also recorded sales revenue of €11 billion, up 1.9 per cent to 6.6 per cent.

“Our brands were very successful in their markets in 2023,” says Traton CFO Michael Jackstein.

“This led to a record sales revenue for the Group — around €47 billion. Even though we raised our forecast for adjusted operating return on sales twice during the year, we ultimately exceeded it slightly at 8.6 per cent.

“Thanks to our high cash generation, we are not only able to pay out a considerable dividend to our shareholders, we also managed to significantly reduce net financial debt within TRATON Operations including Corporate Items.

“The market environment will be more challenging in 2024. We will tackle this by making our business more resilient to the ups and downs of the commercial vehicle markets.

“Our vehicle services business, which accounts for around one fifth of our sales revenue, is a great asset for this stability.

“At the same time, TRATON Financial Services is also growing, and 2023 saw us take an important step towards a global captive and integrated financial services business. This will allow us to offer even better solutions to our customers, and to be their partner on their journey to electrification.”

You can find the full sales figures for the Traton Group here.

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