The TRATON GROUP, a subsidiary of Volkswagen, presented mixed results in the first quarter of 2025. Despite some declines, there are significant positive impulses.
Key Figures Q1 2025
- Sales Decline: Deliveries decreased by 10% to 73,090 vehicles.
- Revenue: Revenue fell by 10% to €10.6 billion.
- Operating Profit: A decline of about 40% resulted in an operating profit of €646 million and an operating margin of 6.1%, compared to 9.4% in the previous year.
- E-Vehicles: Sales of electric vehicles have doubled, which is strategically important for ESG ratings.
Signal Impact for Investors
The strong order intake, especially a growth of 12% and 56% in Europe, supports the forecast for the second half of 2025. The TRATON GROUP maintains its return target of 7.5-8.5% for the entire year.
Implications for Daimler & VW
- Industry Sentiment: Positive orders in commercial vehicles could improve market expectations.
- VW Group Connection: Stability from TRATON could positively influence VW Group valuations.
- Supply Chain Effects: Shared supply structures may benefit from market recovery in the second half of the year.
CEO Christian Levin remains confident that product strength and demand impulses send positive signals for risk reduction. For small investors, the current market conditions offer potential opportunities and planning security due to the announcement to adhere to the annual goal.