TRATON : Transformation exceeding expectations and to continue delivering
>Another very good quarter; market scenario more than confirmed - TRATON released a solid set of Q3 results yesterday morning, beating expectations (+3% vs the consensus EBIT, +9% for EPS and +40% for FCF). The group’s revenue came out roughly stable (+2% y-o-y, -3% q-o-q) and margins remained very solid (EBIT margin of 8.6%, +340bp y-o-y and -30bp q-o-q, despite unfavourable seasonal effects), confirming the group’s strong recovery. Going forward, management raised ...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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