TRATON : Now a solid player, still valued like a laggard
>TRATON confirms its recovery with an excellent Q2 - TRATON yesterday morning reported a very solid set of Q2 results, beating expectations (sales +4%, EBIT +14%, net attributable income +12%, FCF +30%), driven notably by an impressive recovery in EBIT margin (8.9%, +470bp yoy, +50bp qoq). The group continues to benefit from a strong market environment (easing of shortages + robust order books and prices), but also from company-specific factors (new truck generation ...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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