Focus: Reviewing U.S. Stock Q4 2025 Earnings Reports A persistent downturn in the freight market has also impacted truck orders. A worker drives a new white Scania truck at the end of the production line. Traton Group owns truck brands including Scania, MAN, and International. German commercial vehicle group Traton reported a decline in full-year profits, citing lower sales volumes impacted by trade disruptions stemming from U.S. tariffs. Traton, a subsidiary of Volkswagen AG, owns truck brands such as Scania, MAN, and International. The group announced on Wednesday:

Sales revenue fell by 7% to 44.1 billion euros ($51.22 billion). Vehicle sales dropped by 9% to 305,500 units.

The company stated that performance in the North American market was weak, particularly in the truck segment, where customers delayed orders due to uncertainty caused by U.S. tariff policies. The ongoing recession in the freight market also negatively affected truck orders. The group's adjusted operating profit was 2.8 billion euros, compared to 4.4 billion euros in the previous year. The company attributed the profit decline to multiple factors: lower truck sales, additional costs from U.S. tariffs, the appreciation of the Swedish krona, and expenses related to establishing a new factory in China. Traton's outlook for 2026:

Vehicle sales and sales revenue are projected to be in a range of -5% to +7% compared to 2025 levels. The adjusted return on sales is forecast to be between 5.3% and 7.3%.

The company emphasized that this forecast is based on the assumption that current U.S. tariff policies remain unchanged and warned that the outlook remains subject to geopolitical risks and potential changes in U.S. trade policy. The company declared a full-year dividend of 0.93 euros per share, down from 1.70 euros per share in the prior year.