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    8TRA   DE000TRAT0N7

TRATON SE

(8TRA)
  Report
Real-time Estimate Quote. Real-time Estimate Tradegate - 09/22 06:39:53 am
22.94 EUR   +1.06%
06:40aTRATON : Buy rating from UBS
MD
06:19aEUROPEAN MIDDAY BRIEFING : Stocks Rise as -2-
DJ
05:12aTRATON : CEO Warns of Prolonged Supply Chain Shortages Amid Malaysia Lockdowns
MT
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SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Asked on Porsche IPO, VW CEO says we have to 'consider' tapping markets

07/29/2021 | 10:12am EDT
FILE PHOTO: German President Frank-Walter Steinmeier visits Volkswagen plant in Zwickau

FRANKFURT (Reuters) - Volkswagen boss Herbert Diess on Thursday dodged questions about a potential initial public offering of Porsche AG, saying only that any steps to tap capital markets would have to be carefully considered.

"As I said, we continue to review our set up. First priority is now to finance the battery ramp-up where we try to partly externally finance and we are working out the models," Diess told analysts after presenting first-half results.

"And all the other, let say, possibilities to go to market, which might be trucks, where we could dilute a little bit ... or any other things, we have to consider."

Volkswagen still owns 89.72% of Traton, the trucks unit it listed in 2019.

His remarks came a day after Volkswagen unveiled a bid to buy Europcar jointly with Attestor and Pon Holdings via vehicle called Green Mobility Holding. Volkswagen will hold two thirds of the bid vehicle, with Attestor owning 27% and Pon Holding 7%.

Volkswagen said that its stake in the vehicle will mean that it will contribute 1.688 billion euros ($2.01 billion) to the offer if it passes a 90% acceptance threshold.

($1 = 0.8418 euros)

(Reporting by Christoph Steitz; Editing by Douglas Busvine)


ę Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
EUROPCAR MOBILITY GROUP 0.04% 0.5004 Real-time Quote.19.29%
TRATON SE 0.88% 22.9 Delayed Quote.0.42%
VOLKSWAGEN AG 1.80% 186.5 Delayed Quote.20.19%
All news about TRATON SE
06:40aTRATON : Buy rating from UBS
MD
06:19aEUROPEAN MIDDAY BRIEFING : Stocks Rise as -2-
DJ
05:12aTRATON : CEO Warns of Prolonged Supply Chain Shortages Amid Malaysia Lockdowns
MT
04:26aEuropean shares rise on Evergrande relief, gains in travel & leisure
RE
03:20aTRATON : hit by supply chain shortages, expects issues into next year
RE
02:12aTRATON : faces shortages in supply of semiconductors and other bought-in parts
PU
12:49aTraton Warns Supply Shortages Will Hit 3Q Vehicle Sales
DJ
09/20Scania Joins Climate Pledge to Reach Net Zero Carbon Emissions by 2040
DJ
09/20TRATON : Success on Sugarloaf Mountain
PU
09/15Volvo Cars gears up for $20 billion IPO in coming weeks, sources say
RE
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Analyst Recommendations on TRATON SE
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Financials
Sales 2021 28 509 M 33 444 M 33 444 M
Net income 2021 1 220 M 1 432 M 1 432 M
Net Debt 2021 9 383 M 11 007 M 11 007 M
P/E ratio 2021 9,71x
Yield 2021 3,52%
Capitalization 11 350 M 13 300 M 13 315 M
EV / Sales 2021 0,73x
EV / Sales 2022 0,66x
Nbr of Employees -
Free-Float 10,3%
Chart TRATON SE
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Technical analysis trends TRATON SE
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Income Statement Evolution
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Mean consensus BUY
Number of Analysts 12
Last Close Price 22,70 €
Average target price 32,00 €
Spread / Average Target 41,0%
EPS Revisions
Managers and Directors
Matthias Grundler Chairman-Management Board & CEO
Christian Schulz Chief Financial Officer & Member-Management Board
Hans Dieter P÷tsch Chairman-Supervisory Board
Christian Levin COO & Member-Management Board
Gunnar Kilian Member-Supervisory Board
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