Traton
Christian Levin, CEO
Traton Group which includes the brands Scania, MAN, Volkswagen Truck & Bus, Navistar, and RIO, is one of the world’s leading manufacturers of light-duty commercial vehicles, trucks, and buses.
Traton reported solid earnings in 2021 in a challenging market environment, achieving a very sharp year-on-year increase in its sales revenue and its adjusted operating result. Sales revenue rose by one-third to $32.1 billion (€30.6 billion) compared to $23.7 billion (€22.6 billion) in 2020, driven by a strong truck business, the service business, and the integration of the new US subsidiary Navistar.
Traton has outlined its ‘Traton Way Forward’ strategy and set an ambitious margin target for 2024. The target of a 9% return on sales for the group is based on the implementation of several strategic building blocks. Higher volumes, further growth in Vehicle Services business, the successful completion of the realignment of MAN Truck & Bus as well as further efficiency gains, for example, are expected to support a higher profitability. Unit sales of the group are expected to grow in the medium term, primarily driven by a highly competitive product and service offering, the company’s recent entry into the North American market with Navistar, and the establishment of production in China. Captive and integrated Traton Financial Services will be beneficial on Group level to best support future growth, new business models as well as customer requirements… Read more
