GERMANY
MAN Truck & Bus says it has seen an increase in business and a successful realignment of its bus division, and is focusing on sustainable profitability in 2024. The German manufacturer reports that its bus business recovered noticeably in the 2023 fiscal year and is back on track for success.
Sales revenue in the period amounted to €1.621 billion, an increase of 35% compared to the previous year, whilst sales of MAN and Neoplan buses increased by around 19% from 4,806 to 5,703 units. With 771 Lion’s City E buses sold, MAN almost tripled its sales of electric city buses compared to the previous year when it sold 263.
“The MAN bus business is back on track,” said Head of Bus Barbaros Oktay. “After a difficult phase in recent years, we significantly improved our performance in the 2023 fiscal year and achieved a turnaround. With a strong team, we realigned the bus division and worked consistently on our measures to improve earnings. The fact that the MAN bus division is now reporting significantly improved figures again for 2023 is a great team achievement that we can all be very proud of.
“In the current year, we aim to further improve our performance to make the bus business sustainably profitable again. Our order book is already well filled. One highlight on the product side is the launch of the 2024 model year with smart features for our customers. The ramp-up of the new buses is also a major challenge for our team. Other challenges include the economic conditions and high material and energy costs in Europe as well as an increasingly competitive market environment.”
