Things are going better at the VW commercial vehicle holding Traton than experts expected. There is good news from the USA, among others.
The VW commercial vehicle holding Traton performed better in the third quarter than experts expected. The operating result adjusted for special effects rose by 19 percent year-on-year to 1.14 billion euros, as the MDax company surprisingly announced after the stock market closed. Market experts only expected an operating result of around one billion, the company said. The net cash inflow (net cash flow) in the vehicle business – i.e. excluding financial services – was around twice as high as a year earlier at 1.28 billion euros.
Traton said that the US brand International Motors (formerly Navistar) was recovering from mirror supply problems faster than expected. At Scania, Traton benefited from a better price and product mix. The management around boss Christian Levin is sticking to the annual forecast.
Source: Stern
