TRATON GROUP Announces Ambitious Goals

Munich, October 1, 2024 — During its Capital Markets Day, the TRATON GROUP revealed its medium-term goals. The company aims for an adjusted operating return on sales of 9 to 11% by 2029. Sales revenue is expected to grow by 20 to 40% from 2024 to 2029, and net financial debt is anticipated to be fully repaid by 2029. A dividend payout ratio of 30 to 40% of net income was confirmed.

CEO Christian Levin highlighted the progress under the TRATON Way Forward strategy. Significant cooperation among the brands and investments in the electrification of commercial vehicles were emphasized. The rebranding of US subsidiary Navistar to International Motors was noted as a strategic move to boost market share in North America.

CFO Dr. Michael Jackstein addressed the momentum in services and solutions for commercial vehicles. He noted substantial plans to expand TRATON Financial Services and capitalize on the shift towards electromobility. The Group's new research and development organization is expected to enhance efficiency and contribute to achieving the outlined goals.