TRATON : CMD feedback: still one of the most attractive equity stories out there
>A clear roadmap for a continuing operational improvement - TRATON held a CMD yesterday, which provided an opportunity to update its roadmap for the next 5 years. Given that it should be able to come close to, or even achieve, the targets set when the last plan was issued in 2022 (which, as a reminder, aimed to reach an EBIT margin of 9% in 2024, vs VA consensus at 8.8%, ODDO BHF at 9.0%), the group has set even more ambitious targets for 2029 (sales growth of 20-40%...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.
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.
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