Traton SE optimistic about gradual recovery
By Jim Gibbins - 1st August 2020
Germany - “Provided there is no surge in the number of new {coronavirus} infections and the associated countermeasures adopted by the countries; we are assuming a gradual recovery in our business activity in the second half of 2020. Overall, however, we continue to expect a dramatic fall in unit sales for the fiscal year and cannot rule out an operating loss for the Traton Group in fiscal year 2020”, said Christian Schulz, Chief Financial Officer at Traton SE of Munich commenting on the group’s outlook following the group’s half year financial results.
The Traton Group recorded lower unit sales, sales revenue, and earnings in the first six months of 2020 in the wake of the expected market downturn in Europe and the significant impact of the global COVID-19 pandemic.
