EQS-Adhoc: TRATON SE announces preliminary 3M 2023 results

Munich, April 14th, 2023 Supported by continued strong demand for commercial vehicles, improved production levels and strong product positioning, the TRATON GROUP has recorded a very strong development in the course of the first three months of 2023, which clearly exceeds market expectations.
Based on preliminary figures, the TRATON GROUP for Q1 2023 expects unit sales of around 84.6 k vehicles and a sales revenue of around 11.2 billion Euros. Order intake is expected to amount to around 68.5 k units, mainly as a result of continued restrictive order acceptance and a very large order book and despite continued strong market demand.
The TRATON GROUP expects for Q1 2023 an operating result (adjusted)* of about 935 million Euros and an operating return on sales (adjusted)* of around 8.4%. Key for this development are, in particular, strongly improved operating results (adjusted) at Scania Vehicles & Services (operating result (adjusted) about 550 million Euros; operating return on sales (adjusted) 13.3%) and MAN Truck & Bus (operating result (adjusted) about 195 million Euros; operating return on sales (adjusted) 5.8%).
The net cash flow of TRATON Operations is expected to amount to around 735 million Euros. This includes the proceeds from the sale of Scania Financial Services Russia in the amount of 400 million Euros.
Based on the better-than-expected development in the first three months of the year, the company will review its outlook for financial year 2023 and intends to provide an update with the publication of its interim statement on May 2, 2023.

*The definitions of the operating result (adjusted) as well as the operating return on sales (adjusted) are to be found on page 54 of the annual report 2022 - https://ir.traton.com/websites/traton/English/3000/reports-_-presentations.html

Contact:
Lars Korinth
Head of Investor Relations
T +49 152 3137 3138
lars.korinth@traton.com
TRATON SE
Hanauer Strasse 26          
80992 Munich, Germany
www.traton.com