TRATON : Strong Q4 results ahead of expectations and confident guidance
>Q4 results ahead of expectations, especially on FCF - TRATON reported this morning Q4 2023 results that came in solid and ahead of expectations (+8% vs css EBIT, 2.9x on FCF).In detail, the group reported Q4 revenues of € 12.7bn, +8% y-o-y, +12% q-o-q, ahead of expectations (css € 12.1bn, ODDO BHF € 11.8bn), driven by price/mix effects as unit sales were flat during the quarter (88.7k). Adj. EBIT came in at € 1.11bn, +55% y-o-y, +15% q-o-q, also ahead of expec...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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