2018 was an eventful year for the MAN Group. The Company made progress in many areas and improved key financial indicators. The MAN Group’s order intake increased by 12% to €13.9 billion, while sales revenue expanded by 9% to €12.1 billion.
In this respect, MAN Truck & Bus benefited from a rise in demand, with the European truck market achieving another slight increase from an already high level and MAN Truck & Bus gaining market shares. Among the larger volume markets, in particular Germany, France, Poland, and Italy saw growth in demand, while there was a moderate decline in the United Kingdom. Outside Europe, the market contracted to a very low level, especially in Turkey. The Russian truck market deteriorated during the course of the year and only recorded minimal year-on-year growth. The European bus market saw positive development in 2018. Order intake and sales revenue of MAN Truck & Bus were up significantly on the prior-year values in 2018.
Unit sales in the Trucks business were up 14% on the prior-year figure at 95,352 vehicles in the year under review. This figure also included 7,871 MAN TGE vans. Unit sales in the Buses business also rose by 14%, with 7,204 MAN and NEOPLAN buses and coaches sold in 2018.
MAN Latin America, too, saw positive development in 2018, maintaining a leading position in the Brazilian market for trucks weighing five tons and over and in the bus segment. Buoyed by the country’s economic recovery, the Brazilian commercial vehicles market grew considerably in the reporting period. Government investment in a new school bus program also made a contribution to this development. The order intake and sales revenue recorded by MAN Latin America in 2018 were significantly higher than in the previous year.
After years of losses, MAN Latin America has become profitable again. MAN Truck & Bus also benefited from a rise in sales revenue, although this was offset by higher expenses for new products and markets and the intense competition, among other factors. In addition, considerable expenses were required to restructure the activities in India. Adjusted for these items, MAN Truck & Bus’s operating profit was approximately on a level with the previous year.
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SOURCE: MAN
