Report
Anthony Dick ...
  • Michael Foundoukidis

TRATON : Another very solid quarter confirming new status

>Strong Q3 above expectations, 2024 guidance only confirmed - Yesterday morning, TRATON released its full Q3 results, in line with the preliminary release of October 22nd, which as a reminder had revealed solid figures that beat forecasts (EBIT +11% vs consensus). The group reported Q3 sales of € 11.9bn, -5% y-o-y, +2% q-o-q (cons. at € 11.8bn / ODDO BHF € 11.7bn), adjusted EBIT of € 1.14bn, +19% y-o-y, +6% q-o-q (cons. at € 1.03bn/ ODDO BHF € 1.06bn) and FCF of € 1....
Underlying
TRATON SE

Traton SE is a Germany-based manufacturer of commercial vehicles. The Company operates through a number of brands, which includes MAN, a commercial vehicle manufacturer, which specializes in the production of vans, as well as city buses and intercity and travel coaches; Scania, which provides transport solutions, heavy duty vehicles for long-distance and distribution transport, as well as construction vehicles; Volkswagen Caminhoes E Onibus, which is a provider of light-to heavy-duty trucks and bus for markets, such as Latin America and Africa, and Rio, which is a global brand for digital services in the transport industry that offers an open, vendor-neutral and cloud-based platform for freight transport.

Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Analysts
Anthony Dick

Michael Foundoukidis

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