Volkswagen: investor day devoted to Traton

(CercleFinance.com) - In London yesterday, Volkswagen organised a day for investors that was specifically devoted to its truck and bus subsidiary Traton, whose main brands are MAN and Scania.
Traton could be floated on the stockmarket in the next few months.

In 2017, Traton posted unit sales of 205,000 vehicles, with total revenues of 24.4 billion euros and an adjusted operating profit of 1.5 billion euros. From 6% in 2017 and 6.6% in the first nine months of 2018, the group's adjusted operating margin is expected to reach 9% in the medium term.

Beyond the immediate savings on purchases (between MAN and Scania or Navistar), management has fined tuned its assessment of long-term synergies to 700 million euros, analysts at Oddo BHF say this morning. All these savings will free up resources that will finance new technological challenges, such as autonomous driving and vehicle electrification, they add.

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