MAN Truck & Bus Reports Strong 2025 Results with Rising Orders and Accelerating Electric Vehicle Sales

MAN Truck & Bus Reports Strong 2025 Results with Rising Orders and Accelerating Electric Vehicle Sales

(IN BRIEF) MAN Truck & Bus SE reported robust financial performance in fiscal year 2025 despite continued weakness in European truck markets. The company recorded sales revenue of €14.1 billion, up 3 percent year-on-year, while vehicle sales increased by 6 percent to more than 101,600 units. Order intake grew significantly by 30 percent to nearly 100,000 units, and adjusted operating profit remained stable at €904 million with a margin of 6.4 percent. Strong demand for buses and vans supported growth, while electric mobility gained momentum with a 168 percent increase in sales of electric trucks and buses. MAN plans to further expand its electric vehicle portfolio in 2026 with new electric trucks and the introduction of the eCoach for long-distance travel, while continuing to offer a full range of combustion-engine vehicles across multiple weight categories.

(PRESS RELEASE) MUNICH, 4-Mar-2026 — /EuropaWire/ — MAN Truck & Bus SE has reported solid financial results for fiscal year 2025, maintaining stable profitability despite continued weak demand in the European truck market. The company recorded higher revenue and vehicle sales while significantly increasing order intake, demonstrating resilience in a challenging market environment.

For the year, MAN generated sales revenue of €14.1 billion, representing a 3 percent increase compared with 2024. Vehicle sales rose by 6 percent to 101,600 units, supported particularly by strong demand for buses and vans. Order intake also saw a significant improvement, climbing by 30 percent year-on-year to around 100,000 units.

Adjusted operating profit remained broadly stable at €904 million, only slightly below the €919 million recorded the previous year. The adjusted operating margin stood at 6.4 percent, compared with 6.7 percent in 2024.

Alexander Vlaskamp, Chief Executive Officer of MAN Truck & Bus, said the results demonstrate the company’s resilience in a persistently weak truck market environment in Europe. According to Vlaskamp, MAN has managed to balance differing developments across its various business segments, including trucks, buses, vans and external engines, while continuing to expand its service offerings.

He also highlighted the importance of the company’s strategic transformation programme, MAN2030+, which was agreed with employee representatives. The initiative is intended to strengthen the company’s competitiveness and ensure long-term stability as the commercial vehicle sector continues to evolve.

Chief Financial Officer Inka Koljonen noted that MAN has achieved stable profitability and strong cash flow performance for three consecutive years. She emphasized that this stability has been achieved through continued efforts to optimize costs and improve operational efficiency, even as market conditions remain challenging.

Looking ahead to 2026, MAN expects a modest recovery in demand in core European truck markets. The company also anticipates continued strong demand for buses and vans and further growth in the electric vehicle segment, particularly if supportive regulatory and infrastructure conditions continue to improve.

Electric mobility has become an increasingly important growth driver for the company. In 2025, sales of fully electric trucks and buses increased by 168 percent to 1,970 units. Sales of electric city buses alone rose by 118 percent compared with the previous year, surpassing 1,300 units and setting a new record for the company.

Following the successful market introduction of its electric truck during the summer, MAN has already sold more than 620 units of the vehicle. The company plans to further expand its electric product portfolio in 2026.

Among the upcoming developments is the launch of the eTGL, a 12-ton electric truck designed for light distribution transport. Another fully electric vehicle in the weight class of up to 16 tons is also scheduled to be introduced during the year.

In addition, MAN is preparing to introduce the eCoach, a battery-electric coach aimed at long-distance travel and tourism. The vehicle made its trade fair debut in Brussels last year, and preparations for production are currently underway. The company expects the model to enter service by the end of 2026, marking an important step in the electrification of the coach segment.

At the same time, MAN continues to maintain a comprehensive portfolio of combustion-engine vehicles. As a full-range supplier, the company offers commercial vehicles covering weight classes from 3.5 to 250 tons.

In March, MAN plans to introduce a new heavy-duty tractor unit designed for trailer weights of up to 250 tons. The vehicle will be produced in Munich and finalized in Wittlich, reinforcing the company’s position in the heavy-duty transport segment.

Across its product segments, buses experienced the strongest growth in 2025, with sales increasing by 49 percent to 7,002 units. Sales of MAN TGE vans rose by 13 percent to 31,344 units, while truck sales remained largely stable at around 63,300 units.

With improved order intake, expanding electric vehicle offerings and continued strategic investments, MAN aims to strengthen its resilience and maintain its competitive position in the global commercial vehicle market.

Media Contact:

Jörn Roggenbuck
Press spokesman Finance, HR, IT
presse-man@man.eu
+49 1733 760 755

SOURCE: MAN Truck & Bus