By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
The Auto Magazine
  • Home
  • Auto Shows
    Auto ShowsShow More
    BMW and Alvaro Barrington celebrate hydrogen mobility at Art Basel in Basel 2025
    June 18, 2025
    MHB DEALER EXPO 2025 – A Premier Automotive Networking Experience
    June 17, 2025
    Entries Open for The Cape 1000 – South Africa’s Most Beautiful Drive Returns for 2026
    June 10, 2025
    Ulterio Motiv Toyota Land Cruiser 6×6 and 6×4 to invade Land Cruiser Festival
    June 3, 2025
    Maserati enthrals at FuoriConcorso with GT2 Stradale and MCXtrema
    May 14, 2025
  • Bikes
    BikesShow More
    Desmo450 MX: Production of the first Ducati Motocross bike begins
    May 28, 2025
    25YM Honda NC750X
    May 13, 2025
    BMW Motorrad presents the new BMW R 1300 RS
    May 2, 2025
    BMW Motorrad presents the new BMW R 1300 RT
    April 30, 2025
    Honda NC750X Named Winner in 2025 Red Dot Design Award
    April 10, 2025
  • News
    NewsShow More
    ROLLS-ROYCE MOTOR CARS ONCE AGAIN INSPIRES FUTURE GENERATIONS THROUGH ‘DARE TO DREAM’ PROGRAMME
    June 25, 2025
    The XC60 is now the best-selling Volvo car of all time
    June 25, 2025
    Mercedes-Benz South Africa announces key personnel changes within its Executive Committee
    June 25, 2025
    Continental Increases Share of Renewable and Recycled Materials
    June 25, 2025
    AUMOVIO to Focus on Value- and Growth-oriented Development
    June 25, 2025
  • Concepts
    ConceptsShow More
    Mercedes-AMG presents the CONCEPT AMG GT XX
    June 25, 2025
    TOYOTA GAZOO Racing unveils liquid hydrogen-fueled “GR LH2 Racing Concept” at Le Mans
    June 11, 2025
    FIAT unveils the manifesto Grande Panda 4×4
    May 20, 2025
    Renault 4 Savane 4×4 Concept makes its global debut at Roland-Garros 2025
    May 16, 2025
    Hyundai Motor and Plus Unveil Concept for Autonomous Hydrogen Freight Ecosystem at ACT Expo 202
    May 2, 2025
  • Interviews
    InterviewsShow More
    24-hour race at Le Mans, the Nürburgring and Spa – triple marathon for Mercedes-AMG Motorsport
    June 10, 2025
    Kosmas “Dudie” Mamaloukos – The Formidable Racing Talent
    May 15, 2025
    Hi-Range Safari City
    Hi-Range Safari City – The Premier outfitter for 4×4 customization
    May 15, 2025
    BEHIND THE SCENES: ARCHIE RUTHERFORD ON WHAT IT TAKES TO BRING THE W2RC TO SOUTH AFRICA
    May 9, 2025
    Europe and China’s automotive future in a shifting global order
    May 5, 2025
  • EVs
    EVsShow More
    Polestar 3 OTA update introduces new Abbey Road Studios Mode exclusively for Bowers & Wilkins audio system
    June 18, 2025
    No Compromise Ford Ranger PHEV Brings Electric Power to Europe’s Best-Selling Pickup
    June 18, 2025
    Scania launches MCS rapid charging solution at EVS38
    June 18, 2025
    Ford Begins Capri and Explorer Battery Pack Assembly in Cologne
    June 17, 2025
    Special Envoy Launches XPress – SA’s First Full EV Courier Fleet
    June 11, 2025
  • Motosport
    MotosportShow More
    Mercedes-AMG Media Guide for the CrowdStrike 24 Hours of Spa
    June 25, 2025
    Castrol Neil Woolridge Motorsport Team Ready to Unleash Ford Ranger at Bronkhorstspruit Opener
    June 25, 2025
    Two Porsche 911 GT3 R finish on the Nürburgring podium after 24 hours
    June 24, 2025
    BMW M4 GT3 EVO celebrates its first win of the season at the Six Hours of the Glen
    June 23, 2025
    24h Nürburgring: Mercedes-AMG without racing luck at the Eifel classic
    June 23, 2025
  • Trucks & Buses
    Trucks & BusesShow More
    Scania launches MCS rapid charging solution at EVS38
    June 18, 2025
    Daimler Truck and Volvo Group launch Coretura
    June 17, 2025
    Volvo Trucks launches upgraded Volvo Dynamic Steering system to increase road safety
    June 17, 2025
    MAN starts series production of electric trucks
    June 17, 2025
    UD Trucks Southern Africa celebrates dealers breaking barriers at 2025 awards ceremony
    June 11, 2025
  • Reviews
    ReviewsShow More
    Introducing the Land Cruiser Hybrid 48V: a new powertrain for Toyota’s legendary SUV
    June 23, 2025
    THE NEW HAVAL H6 SUV IS HERE, AND IT’S BUILT FOR BIG MOMENTS!
    June 18, 2025
    THE NEW PEUGEOT E-208 GTi MORE PLEASURE. MORE GTi THAN EVER!
    June 17, 2025
    New BMW XM options: maximum exclusivity and breathtaking performance.
    June 12, 2025
    The Audi Q5 e-hybrid: all-rounder with great electric range
    June 11, 2025
  • Tech
    TechShow More
    New Kia App provides European drivers with a unified digital experience
    June 17, 2025
    Abbey Road Studios Mode makes global debut in Volvo EX90
    June 17, 2025
    Audi develops the picking process of the future
    June 2, 2025
    Volvo EX90 LiDAR and smartphone cameras: What you need to know
    June 2, 2025
    VNC Automotive Partners with P3 to Enhance the SPARQ OS Platform
    May 29, 2025
Hot News
Mercedes-AMG presents the CONCEPT AMG GT XX
Mercedes-AMG Media Guide for the CrowdStrike 24 Hours of Spa
ROLLS-ROYCE MOTOR CARS ONCE AGAIN INSPIRES FUTURE GENERATIONS THROUGH ‘DARE TO DREAM’ PROGRAMME
The XC60 is now the best-selling Volvo car of all time
Mercedes-Benz South Africa announces key personnel changes within its Executive Committee
Latest News

JLR REPORTS STABLE Q2 RETAIL SALES

Latest News

Stellantis Reports Q1 2025 Consolidated Shipment Estimates of 1.2 Million Units Globally

Motosport

Monza beckons for TOYOTA GAZOO Racing

Trucks & Buses

Accelera by Cummins, Daimler Truck and PACCAR select Mississippi for Battery Cell Production in the United States

Font ResizerAa
The Auto MagazineThe Auto Magazine
  • Home
  • Auto Shows
  • Bikes
  • News
  • Concepts
  • Interviews
  • EVs
  • Motosport
  • Trucks & Buses
  • Reviews
  • Tech
Search
  • Home
  • Auto Shows
  • Bikes
  • News
  • Concepts
  • Interviews
  • EVs
  • Motosport
  • Trucks & Buses
  • Reviews
  • Tech
Follow US
Crafted by Intellegere Media. © 2024 The Auto Magazine. All rights reserved.
Trucks & BusesLatest News

Good start for MAN Truck & Bus in 2024

Itumeleng Garebatshabe
Last updated: April 29, 2024 14:25
By Itumeleng Garebatshabe
715 Views
4 Min Read
Share
4 Min Read
SHARE
  • MAN continues to benefit from cost discipline and efficiency measures in the first quarter of fiscal 2024   
  • Sales revenue grows by 3% to €3.5 billion  
  • Unit sales decline to 24,000 units (-12%) 
  • Adjusted operating result climbs to 278 million (+ 41%) 
  • Adjusted operating return on sales increases to 7.9% (+2.1 ppt) 
  • MAN CFO Inka Koljonen: “Performance further improved in a weaker market environment. But customers increasingly reluctant to invest.” 

MAN Truck & Bus SE once again delivered a strong performance in the first quarter of fiscal year 2024 – despite offsetting effects such as weaker demand and higher material prices. Revenue rose to €3.5 billion – an increase of 3% compared to the first quarter of 2023 (€3.4 billion). Around 24,000 new vehicles sold represented a decrease of 12% compared to the previous year (Q1 2023: around 27,300). This is mainly due to a model year change in the first quarter of 2024 and the high level of the comparative quarter, in which catch-up effects had an impact. Adjusted operating result climbed by 41% to € 278 million in the first quarter of 2024 (Q1 2023: € 197 million). The adjusted operating return on sales rose by 2.1 percentage points to 7.9% (Q1 2023: 5.8%).  

“MAN stays on track,” said MAN CFO Inka Koljonen. “Despite a weaker market environment, we have further improved our performance. The measures introduced in recent years make us more resilient to market fluctuations. With an adjusted operating return on sales of 7.9%, we are already very close to our strategic target.” She continued: “A favorable price and product mix led to a further increase in sales in the first quarter despite a decline in deliveries. Business with buses and vans, engines and services is currently going very well. We continue to benefit from a high truck order backlog, which we are consistently working through. However, we are seeing increasing reluctance to invest among customers in the truck segment in our core European markets.”  

- Advertisement -
Ad image

MAN will therefore continue its efforts to further optimize its cost position and cash management in 2024.  

Trucks with hydrogen combustion engine are coming and testing of autonomous trucks on German highways is underway 

The company is the first European truck manufacturer to produce an initial small series of 200 hydrogen-powered trucks. The vehicles will initially be delivered to customers in Germany, Iceland, the Netherlands, Norway and selected non-European countries as early as 2025. This is an early and targeted addition to MAN’s zero-emission portfolio. Customer interest in the vehicles in the selected markets is already very high.  

In addition, MAN will be delivering the first fully electric eTrucks to customers this year. 

MAN is also pushing ahead with autonomous driving at full speed: the company is now the first commercial vehicle manufacturer to test the technology on German highways. 

Financial Highlights MAN Truck & Bus 

 Q1 2024 Q1 2023 Change 
Incoming orders (units) 18.682 26.094 –28% 
Sales (units) 24.030 27.333 –12% 
of which trucks 15.188 19.655 –23% 
of which buses 1.498 917 63% 
of which MAN TGE vans 7.344 6.761 9% 
Book-to-bill ratio 0,78 0,95 –0,18 
Sales revenue (€ million) 3.516 3.404 3% 
New Vehicles 2.157 2.031 6% 
Vehicle Services business 749 733 2% 
Others 609 640 –5% 
Operating result (adjusted) (€ million) 278 197 82 
Operating return on sales (adjusted) (in %) 7,9 5,8 2,1 pp 
TAGGED:MAN Truck & Bus SEQ1 2024

Sign Up For Daily Newsletter

Stay Updated! Get the latest breaking news delivered straight to your inbox.

By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Share This Article
Facebook Whatsapp Whatsapp LinkedIn VKontakte Telegram Email Copy Link Print
Share
ByItumeleng Garebatshabe
Editor
Follow:
Itumeleng is the Managing Editor of The Auto Magazine. He is a tech and car enthusiast

Follow US

FacebookLike
XFollow
InstagramFollow
YoutubeSubscribe
TiktokFollow
TelegramFollow
Google NewsFollow
LinkedInFollow
- Advertisement -
Ad imageAd image

You Might Also Like

Latest News

Volvo Cars reports 8 per cent increase in Q1 2024

By Itumeleng Garebatshabe
April 29, 2024
Latest News

Volvo Cars reports 8 per cent increase in Q1 2024 core operating profit 

By Itumeleng Garebatshabe
April 24, 2024
Latest News

LOTUS TECHNOLOGY REPORTS UNAUDITED FIRST QUARTER 2024 FINANCIAL RESULTS

By Itumeleng Garebatshabe
June 10, 2024
Latest News

Mercedes-Benz Q1 marked by solid cash generation and Top-End model changeovers

By Itumeleng Garebatshabe
April 30, 2024
Latest News

Porsche AG kicks off a year of product launches with determination

By Itumeleng Garebatshabe
April 30, 2024
Latest News

Porsche delivers 77,640 cars in the first quarter

By Itumeleng Garebatshabe
April 11, 2024

The Auto Magazine

  • Advertise
  • About Us
  • Contact
  • Privacy Policy
  • Terms of Use
  • Cookie Policy
  • Bikes
  • Electric Vehicles
  • Trucks & Buses
  • Auto Shows
  • Latest News
  • Motosport

Made by Intellegere Media. All rights reserved. 2023

Don't not sell my personal information
Join Us!
Subscribe to our newsletter and never miss our latest news, podcasts etc.

Zero spam, Unsubscribe at any time.
adbanner