Traton Q1 Report 2023

We were able to offset the significantly higher prices for energy, raw materials, and other bought-in com- ponents by introducing price measures.

The TRATON GROUP’s operating result (adjusted) rose by €534 million year-on- year to €935 million. In the current reporting period, the adjustments amounted to €102 million in the TRATON Financial Services segment and included the reclassification to the income statement of negative accumulated other com- prehensive income from currency translation effects at Scania Finance Russia. The adjustments of €47 million in the prior-year period had mainly related to impairment losses directly associated with the war in Ukraine. €30 million of the prior-period adjustments had been attributable to the TRATON Financial Services segment and €17 million to the TRATON Operations business area.

The TRATON GROUP increased its operating return on sales (adjusted) by 3.7 per- centage points to 8.4%. In the TRATON Financial Services segment, operating return on sales (adjusted) was 23.3% (3M 2022: 24.0%), down 0.7 percentage points year-on-year.