TRATON : No room for error in this market
>A solid Q3 overall, but poor performance at Scania raises concerns - TRATON reported a solid set of results on Friday, broadly in line with expectations. However, looking at the detail by division reveals a poor performance at Scania, usually the group’s crown jewel, which appears to be struggling with the ramp-up of its new truck. Following this release, the group confirmed its main guidance items. For our part, we leave our 2022 EPS forecast unchanged but adjust 20...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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