Traton Hlaf-Year Report 2024
The TRATON GROUP made progress in the first half of 2024 on the forward looking topics of electric mobility and autonomous driving, celebrated being uplisted to the German MDax stock market index, and resolutely implemented its TRATON Way Forward strategy, which charts a course for the Company’s future success.
TRATON’s Supervisory Board made two key decisions to ensure continuity at top executive level as the Company implements its corporate strategy further. The contracts of two TRATON Executive Board members, Mathias Carlbaum and Alexander Vlaskamp, were extended by five years each ahead of schedule. This means that Mathias Carlbaum’s contract as a member of the TRATON GROUP’s Executive Board will now run until September 2029. Mathias Carlbaum is Chief Executive Officer and President of TRATON’s Navistar brand. The contract of Alexander Vlaskamp, who is a member of the TRATON GROUP’s Executive Board and Chief Executive Officer of MAN Truck & Bus, will run until November 2029.
At the virtual Annual General Meeting of TRATON SE on June 13, 2024, Chief Executive Officer and Chairman of the Executive Board Christian Levin described the Company’s progress in implementing its corporate strategy in detail in his speech to the shareholders. “We want to maximize the value we create for our customers and are working tirelessly to make this happen. By joining forces as a Group, we can achieve much more in the future,” said Levin as he addressed the shareholders. TRATON’s shareholders benefited from the Group’s good performance in fiscal year 2023. At the Annual General Meeting, they voted in favor of a dividend of €1.50 per share more than double the dividend of €0.70 for fiscal year 2022.
Highlight
- Incoming Orders 58,982 (4% YoY)
- Vehicles Sold 78,962 (-5% YoY)
- Sales Revenue € 11.6bn (-1% YoY)
- Adjusted return on sales 8.8% (0.1% pp YoY)
- Net cash flow TRATON Operations –€374 mn (-€1,391 mn YoY)
- Earnings per Share €1.17 (-€0.20 YoY)
