Traton gains after strong H1 orders, lifts outlook range

Traton SE

23/07/2026 08:32

  ** Traton 8TRA.DE is up 4.3%, pares gains after jumping as much as 6.9%, at the highest level ever, after it posted strong half-year order intake and upgraded its FY forecast
   ** The German truckmaker reported a 30% rise in H1 incoming orders, driven by a 141% uptick in U.S. orders
   ** It now expects unit sales and sales revenue to increase 0%-7% year-on-year from between -5% and +7% previously
** J.P.Morgan says the forecast is supported by stable H1 revenue, an improved North American market outlook and robust order momentum
** "These positive trends are expected to offset ongoing challenges, including tariff headwinds, Iran-related input cost pressures, and a persistently high R&D run-rate," it adds
** The stock is the top performer of German mid-cap index MDAX .MDAXI

 (Reporting by Emanuele Berro)
 ((emanuele.berro@thomsonreuters.com))