TRATON : Very solid quarter providing a glimpse into the group’s potential
>A very solid Q1 above expectations; high end of FY guidance targeted - On Friday morning, TRATON published very solid Q1 results, above expectations (EBIT +15% vs the consensus, +11% vs ODDO BHF). Despite the decline in volumes (-4% y-o-y, more resilient than some peers), the group managed to continue to grow its sales (€ 11.8bn, +6% y-o-y), results (EBIT € 1.1bn, +18% y-o-y), and margins (operating margin 9.4%, +100bp y-o-y), notably thanks to a still robust pricing...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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