Traton

Traton CEO Christian Levin says pressure from the parent company forces a frugal approach to costs and investments and raises the possibility of reducing VW’s stake. VW currently holds 87.5% of Traton, having already lowered its holding from 89.7%. A larger free float should attract new investors and make the holding company’s economic performance better reflected in the stock; however, the decision rests with VW. » Altro su heise.de

Traton released preliminary results for the second quarter, with an adjusted operating margin of 8.1 percent (+1.7 percentage points year‑on‑year), and expects a stronger performance in the second half of the year than in the first half. The stock jumped and was among the top gainers in the European market. Overall, inflation concerns and rising oil prices weighed on European indices, which eased in the afternoon. » Altro su finanzen.net

After a weak first half, Traton expects a recovery in the second half and has raised the lower end of its forecast ranges for deliveries and revenue. The company now assumes, in the worst case, only stagnation. The stock consequently rose to a record high. » Altro su finanzen.net