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    8TRA   DE000TRAT0N7

TRATON SE

(8TRA)
  Report
Real-time Estimate Quote. Real-time Estimate Tradegate - 09/27 05:40:17 am
23.05 EUR   +0.83%
03:54aTRATON : Jefferies remains its Buy rating
MD
09/24TRATON : JP Morgan remains Neutral
MD
09/23Chip Shortage Could Cost Auto Industry $210 Billion in Revenue This Year
DJ
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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 0.08% 0.5004 Real-time Quote.19.29%
TRATON SE 0.96% 23.08 Delayed Quote.1.13%
VOLKSWAGEN AG 1.43% 192.34 Delayed Quote.24.25%
All news about TRATON SE
03:54aTRATON : Jefferies remains its Buy rating
MD
09/24TRATON : JP Morgan remains Neutral
MD
09/23Chip Shortage Could Cost Auto Industry $210 Billion in Revenue This Year
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09/22TRATON : Changes in the Executive Board of MAN Truck & Bus
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09/22TRATON : Jefferies maintains a Buy rating
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09/22TRATON : Buy rating from UBS
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09/22TRATON : CEO Warns of Prolonged Supply Chain Shortages Amid Malaysia Lockdowns
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09/22TRATON : hit by supply chain shortages, expects issues into next year
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09/22TRATON : faces shortages in supply of semiconductors and other bought-in parts
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More news
Analyst Recommendations on TRATON SE
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Financials
Sales 2021 28 379 M 33 258 M 33 258 M
Net income 2021 1 186 M 1 389 M 1 389 M
Net Debt 2021 9 383 M 10 996 M 10 996 M
P/E ratio 2021 10,00x
Yield 2021 3,40%
Capitalization 11 430 M 13 384 M 13 395 M
EV / Sales 2021 0,73x
EV / Sales 2022 0,66x
Nbr of Employees -
Free-Float 10,3%
Chart TRATON SE
Duration : Period :
Traton SE Technical Analysis Chart | 8TRA | DE000TRAT0N7 | MarketScreener
Technical analysis trends TRATON SE
Short TermMid-TermLong Term
TrendsBearishBearishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 12
Last Close Price 22,86 €
Average target price 32,00 €
Spread / Average Target 40,0%
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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