Traton Warns of Coronavirus Hit to 1Q Results
21 Avril 2020 - 6:21PM
Dow Jones News
By Kim Richters
Traton SE on Tuesday warned that the coronavirus pandemic
continued to have a significant impact on its business, hitting its
first quarter results.
The truck maker said it expects revenue in the period of around
5.7 billion euros ($6.19 billion). In 2019, Traton reported 1Q
revenue of EUR6.4 billion.
The company expects operating profit to be around EUR160 million
and its return on sales margin to be around 2.8%. In 2019, its
operating profit was EUR490 million and the return on sales margin
was 7.6%.
Traton's 1Q industrial business net cash flow was minus EUR170
million and its industrial business net liquidity minus EUR160
million.
The company couldn't provide an update on a 2020 guidance yet,
it said.
Traton added that is planning a phased restart of production in
the next few weeks that includes increased safety standards for its
staff.
Write to Kim Richters at kim.richters@wsj.com
(END) Dow Jones Newswires
April 21, 2020 12:06 ET (16:06 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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