MAN Commercial Vehicles have made a strong start to the 2024 fiscal year

Man's outperformance in the first quarter of FY2024 continued to be driven by cost efficiency management

Sales revenue reached 3.5 billion euros.，Year-on-year growth of 3%

Sales of new cars fell to 2..40,000，Down 12. 5% year on year%

Adjusted operating income reached 2.7.8 billion euros，Year-on-year growth of 41%

Adjusted operating margin increased to 7 percent.9%，Year-on-year increase of 2.1%Percentage points

【May 10, 2024，Munich】Despite challenges such as weak market demand and rising raw material prices，Man Commercial Vehicle still starts the new fiscal year with a steady growth performance.，Demonstrate strong resilience：In the first quarter of fiscal year 2024, sales revenue reached 3.5 billion euros.，Year-on-year growth of 3%（€ 3.4bn in the same period of FY2023）；Sales of new cars are about 2.40,000，The impact of last year's high base and the factors of Vehicle type conversion in the first quarter of 2024 are superimposed.，Down 12. 5% year on year%（Approximately 2% for the same period in FY2023.730,000）。Adjusted operating income for the first quarter of fiscal 2024 was 2..7.8 billion euros，Year-on-year growth of 41%（1 in the same period of fiscal year 2023.9.7 billion euros），Adjusted operating margin increased by 2 percent.1 percentage point to 7 percent.9%（5 in the same period of fiscal year 2023.8%）。

Chief Financial Officer, Man GroupInka KoljonenExpress：“Although the market demand is less than expected.，However, Mann still achieved positive growth in performance.，Keep on track，The measures taken by the company have effectively resisted market fluctuations.。Adjusted operating margin was 7. 5% in the first quarter..9%，This is very close to our strategic goal.。Although there was a decline in delivery，But with the advantage of price and product matrix，Man's sales grew further in the first quarter。In the bus、Truck、Engine and service businesses are also developing smoothly.，We will continue to benefit from a large number of Truck orders that are still in the process of delivery.。However, in man's core European market,，We are beginning to see a decline in the willingness of customers to invest in commercial Vehicles.。”Facing market challenges，Mann will continue to focus on cost efficiency and cash flow management in 2024，In order to improve their ability to resist risks.。

Mann Hydrogen Internal Combustion Engine Truck to be delivered soon，Driverless truck testing is advancing

Man Commercial Vehicle is the first European commercial vehicle manufacturer to launch a hydrogen internal combustion engine model.，Mann will launch about 200 vehicles as early as 2025.hTGXHydrogen-fueled trucks delivered to Germany、 Iceland 、 Netherlands 、Customers in Norway and some non-European countries。As an important layout under Mann's zero emission strategy.，The success of hydrogen internal combustion engine trucks has attracted high attention from customers in specific markets.。

In addition，MAN Commercial Vehicles will deliver the first batch to customers this yeareTrucksPure electric truck，And make every effort to promote the research and development process of unmanned driving.：At present，Mann is the first commercial vehicle manufacturer to test driverless trucks on German autobahns.。

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