MAN reports good start to 2023
MAN reports a good start in the current fiscal year 2023, posting an operating result of €197 million (prior-year period: €55 million; adjusted: €57 million) or an operating return on sales of 5.8%.
After the company was hit by production losses in the previous year as a result of the Ukraine conflict, unit sales in the first three months of 2023 rose by 41% percent to 27,333 units, compared with 19,325 new vehicles in the prior-year quarter. A total of 917 buses (2022: 707) were delivered to customers in the period. MAN Truck & Bus generated a sales revenue of €3.4 billion/£3 billion, up 34% year-on-year (€2.5 billion/£2.2 billion). This growth was mainly due to increased new vehicle and vehicles services business.
“A great success! In order to achieve our targets for the current fiscal year, we will now do everything in our power to continue this positive trend” – Inka Koljonen, the MAN Truck & Bus SE Executive Board member responsible for Finance, IT and Legal
Inka Koljonen, the MAN Truck & Bus SE Executive Board member responsible for Finance, IT and Legal, said: “After an extremely difficult year with production downtime lasting several weeks, disruptions to supply chains, and high financial charges, including from rising energy and raw material prices, we succeeded in getting MAN back on track thanks to major efforts. The measures taken in recent years to improve earnings, some of which were incisive, are now bearing fruit and are also reflected in the Company’s earnings. A great success! In order to achieve our targets for the current fiscal year, we will now do everything in our power to continue this positive trend.”
However, she points to the uncertainties that still exist, resulting among other things from the economic consequences of the Ukraine war and the pandemic.