5.9.2019. TRATON SE rises into the SDAX of a circle and is from the 23. September 2019, this Segment will be listed, announced, the German stock exchange yesterday evening in Frankfurt am Main.
“After our successful IPO in June, we are now pleased about the planned inclusion in the SDAX. So we have reached the next milestone in our success story,“ said TRATON-CFO Christian Schulz.
The TRATON SE is a subsidiary of Volkswagen AG, and MAN, Scania, Volkswagen Caminhões e Ônibus, and RIO is one of the brands to the world’s leading commercial vehicle manufacturers. The market value of TRATON SE is currently around 11.3 billion euros, of which 10.3 per cent, according to the criteria of the German stock exchange Float as a so-called Free for the index selection is of importance. The remaining shares in the company, Volkswagen AG holds.
The trading volume since the IPO on 28. June, at an average of 530,000 shares per trading day. This includes, in addition to the Frankfurt stock exchange so trade in Stockholm, where TRATON OMX Stockholm, is listed on the All Share Index.
The equity analysts average calculated price target for the TRATON share is around 30 euros, even in the top 39 Euro. “The assessments of experts encourage us that we are with our Global Champion strategy on the right track,” said Schulz. And further: “We continue to work on the sustainable development of our enterprise value.”.
Traton commercial vehicles sales in 2018 (photo: Volkswagen AG)
