TRATON : Une histoire industrielle attractive et sous-valorisée
>Résultats très solides et une confiance sur les perspectives justifiée - TRATON a publié hier matin des résultats T4 solides et supérieurs aux attentes (EBIT ajusté +8% vs css, FCF 2.9x supérieur), cf. First Take. La guidance donnée pour 2024 est également confiante, pointant vers des résultats globalement stables ou en légère croissance malgré un marché attendu en baisse. Cette confiance nous semble crédible car elle repose sur un carnet de commandes toujours robus...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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