VW commercial vehicle subsidiary - Traton requires the order inventory
Volkswagen's Commercial Vehicles Holding Traton reported solid numbers for the first half of the year. Despite a slight decline in sales, the company, which includes MAN, Scania, US truck manufacturer Navistar, and the Latin American VW Truck & Bus, managed to increase both revenue and profit, according to a statement. However, Traton relied heavily on its high order backlog.
Traton reportedly earned 1.3 billion Euros in taxes - nearly 100 million Euros more than in the previous fiscal year. The revenue grew by 2% to reach 23.4 billion Euros. However, sales slightly decreased to approximately 168,000 vehicles. The particularly profitable brand Scania showed significant growth and offset this.
The order intake remained stable at 125,400 vehicles, but it still lags significantly behind deliveries. Traton spoke of a normalization of the order backlog, which had significantly increased in the first Corona years. The company did not provide current figures on the order backlog. A spokesperson explained that the backlog at the end of the first half of the year would be sufficient to cover production up to the fourth quarter, even without new order intakes.
- The Transport industry in Germany saw significant contributions from Volkswagen's subsidiary, Traton, which encompasses brands like MAN and Scania-Vabis.
- The city of Munich and its neighboring Bavaria have benefited from the economic impact of Volkswagen's vehicles and its affiliate companies, including Traton and VW's commercial vehicles division.
- The Volkswagen Group's VW Truck & Bus, operating in Latin America, is also part of the Traton group, contributing to its global reach and diversified operations.
- In a move to decrease its reliance on a single market, Traton expanded its presence by acquiring a stake in US truck manufacturer Navistar.
- At the headquarters of Traton in Munich, officials praised the performance of the company's most profitable vehicle brand, Scania, which showed significant growth in sales during the first half of the year.
- Despite experiencing a slight decrease in sales, Traton managed to maintain its strong position in the industry by improving its revenue and profit margins, demonstrating the resilience of the European vehicle industry.
