Germany stocks higher at close of trade; DAX up 0.84%

Germany stocks mixed at close of trade; DAX down 0.52%

Earnings call: TRATON SE reports resilient Q3 amid market challenges

TRATON SE's Q3 2024 report shows a 5% increase in vehicle deliveries and revenue, highlighting its focus on EV technology and resilience amid market challenges.

Germany stocks mixed at close of trade; DAX down 0.13%

Germany's stock market closed mixed, with gains in software and retail sectors, while DAX and MDAX indices fell. SAP reached all-time highs, and Bechtle hit 52-week lows.

Traton shares jump after Q3 earnings beat

Traton SE's shares rose after Q3 earnings of €1.14 billion exceeded expectations, driven by strong pricing in Scania and improved international operations, especially Navistar.

Shares in VW's truck unit Traton jump after Q3 beat

Traton's shares rose 4% after strong Q3 results exceeded expectations, driven by sales from its International and Scania brands, despite maintaining annual guidance.

Volkswagen's truck unit Traton plans to increase profitability by 2029

Traton outlines five-year goals focused on electrification, aiming for a 50% increase in electric truck sales, improved profitability, and expanded North American market share.

Explainer-Volkswagen Law: the unique structure behind the German carmaker's labour clash