The Volkswagen commercial vehicle holding company TRATON received a good fifth fewer orders for vehicles in 2023 than in the very strong previous year.
Incoming orders fell by 21 percent to 264,800 vehicles, the SDAX-listed company announced in Munich on Monday. This is a sign that the demand, which has been pent up due to the Covid pandemic and the war in Ukraine, among other things, is gradually normalizing. According to the company, uncertainties surrounding the economic situation and higher interest rates were also reflected in demand. According to the information, the group’s order backlog for the brands MAN, Scania, Navistar and the South American Volkswagen Truck & Bus extends into the second half of the year. Delivery times for customers are likely to decrease given the lower order backlog.
As already known, TRATON achieved a sales record last year. The company sold 338,200 vehicles, eleven percent more than the year before. The stabilization of supply chains and the increased production volume also contributed to this.
The TRATON share temporarily gained 1.08 percent to 22.40 euros via XETRA.
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MUNICH (dpa-AFX)
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