Volkswagen controlled global truck group, Traton used its recent Annual General Meeting to approve some healthy dividend for the last financial year, improving on last year’s shareholder payout by 13.3 per cent.
In addition to a strong dividend, the Traton AGM passed all agenda items by a large majority including the improved $AUD3.03 dividend ( €1.70) which was up from the $AUD2.68 payout last year (€1.50)
The shareholders also approved the actions of the members of the Traton executive and supervisory boards for fiscal year 2024 as well as the remuneration report presented to them.
Traton CEO, Christian Levin referenced the truck group’s modular system philosophy in his speech to the shareholders The modular system has seen its major brands, Scania, MAN and Navistar starting to share major components in an effort to improve efficiency and cost effectiveness.
The Modular system philosophy is one of Traton’s key strategic projects
“As we can see, our global positioning and cross-brand collaboration make us both stronger and more resilient, and our Modular System is a key ingredient,” Levin said.
“It is a central piece of our strategy, and in a nutshell, it is based on the principle of identical solutions for the same needs, but strong possibilities to differentiate for all customer needs,” The Traton boss said.
“Standardized interfaces for all our brands allows us to get the maximum torque from our development capacities,” Levin said.
“We create a wide range of sophisticated solutions for our customers. At the same time, we can create efficiencies within the Traton Group and save costs,” he concluded
