- Despite supply bottlenecks for semiconductors and a production stop of several weeks at the truck plants, MAN achieves sales of around EUR 5.0 billion in the first half of the year
- Adjusted operating result after six months amounts to EUR 34 million
- Service business continues to grow strongly
"The geopolitical uncertainties and disturbances in the global supply chains continue to put pressure on the commercial vehicle industry and consequently also on MAN Truck & Bus. High inflation rates and rising material and energy costs are creating additional tension. In view of the volatile economic and political situation, we have to demonstrate the strictest cost discipline in order to be able to continue to react flexibly. Our order books are well filled, our production output has recently stabilized somewhat and our service business continues to grow strongly. Despite a production stop of several weeks and significantly reduced sales in our core truck business, we managed to reach ,break-even’ for our adjusted operating result in the first half of the year. This is a solid result and a strong performance by the entire workforce. Our immediate action programme, in which all expenditure that was not immediately necessary was stopped and investments were prioritized, played an equally important role in achieving this result," said Inka Koljonen, Member of the Executive Board responsible for Finance, IT and Legal Affairs at MAN Truck & Bus SE.
Overall, new vehicle sales of a total of almost 35,000 trucks, vans and buses were down 26 percent compared to the first half of 2021 and were mainly characterized by the decline of 30 percent to almost 24,000 units in the truck segment. Business with vans fell by 18 percent to around 9,300 units. MAN furthermore sold around 1,700 buses, which means a decline of six percent compared to the previous year. Sales of spare parts and workshop services amounted to around EUR 1.3 billion in the first half of 2022, which corresponds to an increase of 13% compared to the previous year.
In the first half of 2022, a total of EUR 39 million was adjusted in the operating result. The restructuring of the company incurred expenses of around EUR 7 million (H1 2021: EUR 672 million) and EUR 32 million for impairments in connection with the war in Ukraine.