FRANKFURT (dpa-AFX) – Key figures published by Traton drove the company’s shares higher over the course of Wednesday morning. The shares of the VW commercial vehicle subsidiary climbed more than four percent, after having previously hovered just above their previous day’s closing price. Shares of competitor Daimler Truck also received a modest boost, recently gaining 1.7 percent to move into positive territory. Volvo, meanwhile, was more subdued with a 0.8 percent increase.
Traton announced that it had achieved its 2025 targets for revenue and margin. The commercial vehicle manufacturer performed even better than expected in terms of free cash flow, which, according to preliminary figures, exceeded the forecast range of up to 1.5 billion euros last year. This cash flow metric also surpassed market expectations.
Analyst Akshat Kacker from JPMorgan wrote in an initial comment that inventory optimizations were primarily responsible for these results./tih/mis
