MAN Truck and Bus has announced robust results for the fiscal year 2025, reporting a three per cent rise in sales revenue and a six percent rise in vehicle sales in a year that the commercial vehicles heavyweight termed as a “persistently difficult market environment”.
The German giant said that this was the third year in a row that it has achieved positive results, with sales revenue coming in at €14.1 billion (+3%) compared to the previous year, mainly due to a favourable product mix, and vehicle sales rising to 101,600 units in the reporting period. Strong demand for buses and vans contributed significantly to this growth.
Demand for trucks remains stable in the core European markets, MAN said, but remained at a relatively low level. Order intake rose significantly by 30% year-on-year to almost 100,000 units. Adjusted operating profit “remained stable” at €904 million, compared to €919 million in2024, resulting in an adjusted operating return of 6.4 per cent compared to 6.7 per cent in 2024.
Overall, the topic of electric mobility continues to gain momentum, MAN said, with sales of fully electric trucks and buses more than tripling compared to the previous year.
Alexander Vlaskamp, CEO, MAN, commented: “This is the third year in a row that we have achieved robust results despite persistently weak truck markets in Europe. It is paying off that, as a full-range supplier, we are able to balance out different developments in our Truck, Bus, Van and External Engines business units, and are constantly expanding our range of services. By reaching a fundamental agreement with our co-determination partners on our ‘MAN2030+’ programme, we have created an excellent basis for continuing the company’s success in the medium and long term.”
Inka Koljonen, CFO, MAN, added: “We have achieved very stable profitability and excellent cash flow results for three years in a row. The fact that we have succeeded in doing so in a persistently weak market environment demonstrates the sustained success of MAN’s realignment and is also a result of our intensive work on the cost and cash side.
“In addition, with MAN2030+, we have a clear plan for the future, which we will now implement swiftly. Our aim is to continue to improve our performance and further strengthen our resilience. For 2026, we expect a slight recovery in demand in the core European truck markets and continued good demand for buses and vans. We anticipate further growth in electromobility, especially if the framework conditions continue to improve.”
Complete e-portfolio for trucks and buses
By 2025, electric mobility had already gained further momentum at MAN. Sales of fully electric trucks and buses climbed by 168% to 1,970 units in the year. Sales of city electric buses were up 118% on the previous year. More than 1,300 eBuses set a new record. In addition, more than 620 eTrucks have already been sold following the successful series launch of the eTruck in the summer.
The company will expand its extensive e-portfolio with several highlights in 2026: Following the eTruck in the heavy-duty series variants, MAN is launching its “little” brother in the 12-ton range with the eTGL for light distribution transport. In addition, another fully electric vehicle in the weight class up to 16 tons is to be presented in the course of the year.
At the end of 2026, the MAN eCoach is also set to herald the age of electric mobility for coaches – a milestone for sustainable long-distance travel and tourism. The battery-electric coach celebrated its trade fair premiere last fall in Brussels. Preparations for production are in full swing.
Premier class of trucks
MAN said that it is and remains a full-range supplier in the combustion engine segment as well, with the company offering its customers everything from a single source – from 3.5 to 250 tons. MAN will launch its new heavy-duty tractor unit for trailer weights of up to 250 tons in March. The vehicle will be manufactured exclusively in Munich and finalised in Wittlich. This means that MAN will continue to compete in the premier league of trucks.
