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8TRA Traton SE News Story

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Volkswagen's truck unit Traton Q1 sales fall 10% on tougher market environment

April 28 - Volkswagen's truck unit Traton 8TRA.DE on Monday reported a 10% fall in first-quarter revenue, citing a continued unfavourable economic and political situation, particularly in North America.

Sales stood at 10.33 billion euros ($11.75 billion) by the end of March, missing analysts' estimate of 10.55 billion euros in a poll by Vara Research.

The German truckmaker confirmed its preliminary adjusted operating profit figure for the first quarter of 646 million euros, down 58% from last year.

($1 = 0.8790 euros)

 (Reporting by Bartosz Dabrowski and Simon Ferdinand Eibach; Editing by Christopher Cushing)

 ((bartosz.dabrowski@thomsonreuters.com))

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