- Traton’s sales revenue rose by 5% y/y to 11.80 billion euros in Q1, beating analysts estimate of 11.23 billion euros due to better pricing and mix effects.
- Its operating return on sales rose to 9.4% from 8.4% in the previous year, exceeding analysts’ estimate of 8.6%.
- Traton maintained its guidance for 2024 which is revenue growth of -5% to +10% and operating return on sales of between 8% and 9%.
Assessment
Traton’s revenue and operating profit only accounted for 14% and 16% of the Group’S total in 2023, respectively. But it’s still good to see that it performed well in Q1.