MAN Truck & Bus resilient within the 2024 monetary yr with a pointy decline in truck gross sales
MAN Truck & Bus achieved a sturdy lead to fiscal yr 2024 – notably in opposition to the backdrop of a sharply declining truck market in Europe. Unit gross sales and gross sales income fell accordingly – however the adjusted working return on gross sales remained secure at 7.2%. MAN CEO Alexander Vlaskamp says: “The great result’s the reward for laborious work in a troublesome financial surroundings. The van and repair enterprise particularly, in addition to worldwide market growth within the truck section, additionally contributed to this. The exterior engine enterprise and better orders from the protection sector additionally contributed. Incoming orders within the truck section improved barely however steadily in the previous few months of 2024 and at the beginning of 2025. Even when we can not but converse of a transparent turnaround, notably in Germany, we’re at the moment assuming an extra slight upturn in demand over the course of the yr.” He continues: “As a result of slight enchancment in truck demand, we’re making ready to finish short-time work at our German areas within the close to future. No matter this, nice efforts are nonetheless required within the space of value effectivity so as to have the ability to proceed investing at a excessive degree sooner or later matters of automation, digitalization and zero-emission applied sciences in addition to our service community. That is the one method for MAN to stay on the right track for fulfillment within the nice transformation.”
“Regardless of a major decline in truck volumes, we have now confirmed our end result from the earlier yr. This can be a outstanding success that reveals that we have now considerably improved our resilience as an organization,” stated MAN CFO Inka Koljonen. MAN Truck & Bus achieved an adjusted working return on gross sales of seven.3% within the 2023 monetary yr.
In 2024, whole MAN gross sales within the new car enterprise fell by 17% year-on-year to round 96,000 items – particularly as a consequence of a pointy decline in truck gross sales of 24%. 17% fewer buses have been delivered to clients than within the earlier yr. There have been delays in deliveries on this enterprise section as a consequence of new necessities for the software program structure. The van, however, as soon as once more achieved document gross sales. Some 27,670 TGEs have been delivered, a rise of 4% in comparison with the earlier yr.
At 7% to 13.7 billion euros, the decline in whole gross sales income within the reporting interval was considerably decrease than in unit gross sales. This was due particularly to a extra advantageous product and value combine. At 985 million euros, the adjusted working end result was 90 million euros decrease than within the earlier yr.
Continued deal with value effectivity in 2025
“The premise for sustaining the adjusted working return on gross sales on the identical degree as final yr was our constant and profitable work on decreasing mounted prices. As well as, we additional improved our money administration alongside the complete worth chain. The initiative launched in 2023 to implement a money tradition, enhance money administration and guarantee sustainably sturdy money conversion has made a major contribution to this,” says Inka Koljonen. She provides: “We’ll proceed to work intensively on the matters of money administration and value effectivity in 2025.”
MAN websites match for electromobility
The realignment of manufacturing, logistics and growth goes from power to power: sequence manufacturing of the eTruck will start on the Munich web site in 2025, the plant in Nuremberg will have fun the beginning of battery sequence manufacturing in a number of weeks and the worldwide logistics heart in Salzgitter will put its enlargement for e-mobility spare elements, amongst different issues, into operation within the spring. In Ankara, the product growth heart for buses has opened and is now totally launched into the electrical and digital age.
Much more velocity with electromobility
And MAN is stepping up the tempo of e-mobility even additional. The corporate’s first eTrucks are already rolling via Germany and Europe. Initially, the launch would require extra financing – despite the fact that the life cycle prices of economic e-trucks are decrease than these of diesel vehicles. In an effort to present clients with the very best assist, MAN Monetary Providers is working flat out on the rollout below the umbrella of TRATON Monetary Providers. The rollout has already began in Germany, Nice Britain, Eire, Austria, Poland, Spain, South Korea, Sweden and South Africa. Additional markets will comply with.
As well as, the brand new MAN Cost&Go charging tariff makes charging and fee straightforward and handy for MAN electrical mobility clients. The charging infrastructure for electrical vehicles and buses can also be rising quickly: 1,000 charging factors from a variety of suppliers are to be accessible in Europe by the tip of 2025. In cooperation with E.ON alone, round 400 public charging factors are being created at 170 MAN areas in Europe – 80 of which shall be accessible by the tip of 2025. The primary of those are already in operation, together with in Berlin and Munich. As well as, the Milence three way partnership, during which the TRATON GROUP is concerned, goals to construct Europe’s largest charging community for e-trucks with a complete of 1,700 charging factors by 2027. The primary 13 charging parks are already in operation and ten extra are below development.
Innovation chief
On the identical time, MAN 2024 has demonstrated its modern power in different areas. The corporate was the primary industrial car producer to launch assessments for autonomous driving on German freeways, was the primary truck producer in Europe to supply hydrogen-powered combustion engines.
Key monetary figures MAN Truck & Bus
2024 | 2023 | Change | ||||
Incoming orders (items) | 77.108 | 86.783 | –11% | |||
Gross sales (items) | 96.037 | 116.033 | –17% | |||
of which vehicles | 63.655 | 83.703 | –24% | |||
of which buses | 4.710 | 5.703 | –17% | |||
of which MAN TGE vans | 27.672 | 26.627 | 4% | |||
E book-to-bill ratio | 0,80 | 0,75 | 0,05 | |||
Gross sales income (€ million) | 13.732 | 14.811 | –7% | |||
New Automobiles | 8.383 | 9.527 | –12% | |||
Automobile Providers enterprise | 2.902 | 2.808 | 3% | |||
Others | 2.447 | 2.476 | –1% | |||
Working end result (adjusted) (€ million) | 985 | 1.075 | –90 | |||
Working return on gross sales (adjusted) (in %) | 7,2 | 7,3 | –0,1 pp |
SOURCE: MAN Truck & Bus