The VW subsidiary commercial vehicle subsidiary presents stable figures for the first half of the year – but it is living off its order backlog.
Volkswagen’s commercial vehicle holding company Traton has presented solid figures for the first half of the year. Despite a slight drop in sales, the group, which includes MAN, Scania, the US truck manufacturer Navistar and the Latin American VW Truck & Bus, was able to increase sales and profits, according to the statement. However, Traton benefited from its high order backlog.
According to the figures, Traton earned 1.3 billion euros after taxes – almost 100 million more than in the same period last year, with sales increasing by two percent to 23.4 billion euros. Sales fell slightly to just over 168,000 vehicles. The particularly lucrative Scania brand increased significantly and compensated for this.
Although incoming orders remained stable at 125,400 vehicles, they are still well below deliveries – as was the case last year. Traton spoke of a normalization of the order backlog, which had risen sharply in the first years of Corona. The company did not provide current figures on the order backlog. However, a spokesperson explained that at the current production level, the backlog at the end of the first half of the year would last into the fourth quarter even without new incoming orders.
Source: Stern
