Man Commercial Vehicles Achieves Best Performance in History in Fiscal Year 2023
April 07, 2024
Sales revenue reached 14.8 billion euros，Year-on-year growth of 31%
More than 11 new cars sold.60,000，Year-on-year growth of 37%
Adjusted operating income increased by 9% year-on-year.3.5 billion euros，Up to 10.800 million euros
Adjusted operating margin increased significantly by 6 percent.0 percentage points，Up to 7.3%
【April 7, 2024，Munich】MAN Commercial Vehicles had a strong performance in fiscal year 2023，Sales volume、Sales revenue、Significant growth in both adjusted operating income and operating margin。Sales revenue reached 14.8 billion euros，Compared to € 11.3bn in the previous financial year，Year-on-year growth of 31%。More than 11 new cars sold.60,000，Year-on-year growth of 37%。Facing the impact of rising raw material and energy prices，Mann's performance is still brilliant.，Its adjusted operating income increased by 9% year-on-year..3.5 billion euros，Up to 10.800 million euros，Best performance in the company's history。Adjusted operating margin increased significantly by 6 percent.0 percentage points，Up to 7.3%。
Mann GroupCEO Alexander VlaskampExpress：“2023，Mann Delivers Superior Growth，And set the best performance in history.，Regain one's former glory，This makes us feel very proud.。Strong financial performance as the company moves towards carbon neutrality，Provides a solid foundation。In order to continue to promote the green transformation process,，Mann will take several initiatives in 2024.，Including the introduction of zero-emission technology，Greatly expand the product line and deepen the cooperation within the Group。Although there is also a backlog of orders this year.，The economic situation and market environment of the core European market are facing many challenges.，Demand for the Truck business also declined.，But the bus business is expected to continue to pick up.，The van and service business will also remain stable.。”
Continuous focus on cost-effectiveness
“Strong growth in profitability，It relies on the precise development of a series of targeted measures.”，Chief Financial Officer of MannInka KoljonenEmphasize that，“This allows the company to end the year，To be able to successfully complete a multi-year future lion（Future Lion）Reorganization plan。As part of the transformation，The bus business has also been further adjusted.。”In addition，Man is committed to further reducing fixed costs in all areas of the company.，The cash flow situation of all links in the value chain has also been significantly improved.。Thanks to the strong growth of sales volume and the excellent performance of Vehicle service business，Man ended the 2023 fiscal year with the best performance in its history.。Facing the increasingly severe market environment，Mann will also draw on successful experience.，Continue to focus on cost efficiency and cash flow management in 2024。”
Innovation drives the future
Based on strong performance，Mann is ready to go，Make every effort to intellectualize、Sustainable Transport Solutions Supplier Transformation，It plans to launch a number of new products in 2024.。Among，The new MAN Fuel Truck compared to the previous model，Fuel consumption is reduced by up to 6 percent%，It also carries a number of new and upgraded security features.；The new van will also be equipped with a new digital display，Further enhance the driving experience。At the same time，Mann Accelerates Layout of Electrification Field。2023，Mann has become the leader of pure electric city buses in Europe.。Within this year，The first batch of electric Trucks with a range of up to 800 kilometers will be delivered one after another.。2025，Mann plans to further improve the range of passenger cars.，And put into use the first batch of electric test buses.。
Deepening the layout of production network
Mann embraced the electrification wave with a positive attitude.，Accelerate the construction of relevant production facilities in an all-round way，Build a perfect production system of electric truck。Among，The Munich plant is revamping for mass production of electric trucks.，The Nuremberg battery factory will also complete the capping ceremony this year.。To meet the growing demand for electric trucks，Mann further expands its global logistics centre in Salzgitter，The product research and development center created in Ankara is also under steady construction in the same period.。In addition，The production of electric city buses at the Stallachowice plant in Poland also continues to grow.，Provide more green for urban traffic、Sustainable Solutions。
