Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. Germany
  4. Xetra
  5. Traton SE
  6. News
  7. Summary
    8TRA   DE000TRAT0N7

TRATON SE

(8TRA)
  Report
Real-time Estimate Quote. Real-time Estimate Tradegate - 12/06 03:58:17 pm
21 EUR   +5.42%
12/02Scania announces Annette Danielski as new Chairman of the Board of Directors
AQ
12/01TRATON : Silent ride to school
PU
11/30TRATON : Inquisitive mind
PU
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

European climate group says EU needs tougher truck CO2 targets

10/10/2021 | 06:17pm EST
Heavy snowfall in Germany

(Reuters) - The European Union needs to dramatically toughen up CO2 targets for truckmakers to spur a shift to zero-emission models as current goals do not provide the incentive to do so, European campaign group Transport and Environment (T&E) said on Monday.

In a study entitled "Easy Ride: why the EU truck CO2 targets are unfit for the 2020s," the climate group found that improvements in aerodynamics and fuel efficiency meant that truckmakers are able to meet the EU's 2025 CO2 targets while only having to make only a few zero-emission long-haul trucks.

The study also found that most truckmakers have already made voluntary commitments for electric vehicle sales that go beyond EU requirements.

"Truckmakers are clearly able to decarbonise quicker," T&E's acting freight director Lucien Mathieu said in a statement. "It's time to make them."

Under current EU rules, truckmakers have a voluntary target for zero-emission vehicles to make up 2% of sales from 2025 onwards. The EU is expected to revise that target.

Based on truckmaker's voluntary commitments, T&E estimates zero-emission trucks will make up 7% of sales in 2025 and 43% in 2030.

T&E said this shows the EU can set a realistic "but more ambitious" target that at least 30% of sales should be zero-emission trucks by 2028.

The study also found that Swedish truckmaker Scania, part of Volkswagen AG's commercial vehicle arm Traton SE, is a market leader: with CO2 emissions 5.3% lower below the average for the most common type of long-haul truck thanks largely to aerodynamics.

Renault and Iveco, the truck and bus business of Italian-American CNH Industrial, are both laggards, T&E said, with emissions 2.6% and 2.4% above the average respectively.

(Reporting by Nick Carey; Editing by Frances Kerry)

By Nick Carey


ę Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
RENAULT 2.51% 29.435 Real-time Quote.-17.69%
TRATON SE 5.02% 20.92 Delayed Quote.-7.45%
VOLKSWAGEN AG 3.01% 170.3 Delayed Quote.11.73%
All news about TRATON SE
12/02Scania announces Annette Danielski as new Chairman of the Board of Directors
AQ
12/01TRATON : Silent ride to school
PU
11/30TRATON : Inquisitive mind
PU
11/29Changes to the Executive Board of MAN Truck & Bus SE
AQ
11/26Carmakers get inventive as global chip crisis bites
RE
11/26TRATON : Logistics Leaders of the Year for 2020 and 2021 crowned in Berlin
PU
11/26Carmakers get inventive as global chip crisis bites
RE
11/26TRATON : Personnel changes within Treasury and Investor Relations of the TRATON GROUP
PU
11/25TRATON : Alexander Vlaskamp to become new member of the Executive Board of TRATON SE
PU
11/15TRATON : Gets a Neutral rating from Kepler Cheuvreux
MD
More news
Analyst Recommendations on TRATON SE
More recommendations
Financials
Sales 2021 28 868 M 32 572 M 32 572 M
Net income 2021 1 162 M 1 311 M 1 311 M
Net Debt 2021 9 862 M 11 127 M 11 127 M
P/E ratio 2021 9,47x
Yield 2021 3,41%
Capitalization 10 460 M 11 797 M 11 802 M
EV / Sales 2021 0,70x
EV / Sales 2022 0,59x
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
TrendsBearishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 12
Last Close Price 20,92 €
Average target price 29,21 €
Spread / Average Target 39,6%
EPS Revisions
Managers and Directors
Christian Levin President & Chief Executive Officer
Annette Danielski Chief Financial Officer
Hans Dieter P÷tsch Chairman-Supervisory Board
Gunnar Kilian Member-Supervisory Board
Mari Carlquist Member-Supervisory Board
Sector and Competitors
1st jan.Capi. (M$)
TRATON SE-7.45%11 243
DEERE & COMPANY30.32%108 286
CATERPILLAR INC.8.67%106 998
AB VOLVO1.74%43 934
PACCAR, INC.-0.71%29 743
SANY HEAVY INDUSTRY CO., LTD-35.13%29 728