MAN Truck & Bus increased sales by eight percent to 3.3 billion euros

The adjusted operating result fell to 582 million euros, after 646 million euros in the same period last year. The operating return fell by 0.4 percentage points to 5.7 percent. High customs costs in the USA, which did not yet arise in the comparable quarter of 2025, had a particularly negative impact. In total, Traton adjusted special effects of 521 million euros.

Sales are falling, orders are rising significantly

Vehicle sales fell by six percent to 68,600 units in the first quarter. However, this is offset by a sharp increase in incoming orders: with 87,800 vehicles, orders increased by 18 percent. The book-to-bill ratio – the ratio of incoming orders to deliveries – improved to 1.3 after 1.0 in the previous year.

“We performed well in the first quarter of 2026 in what remained a difficult economic and political environment,” said CEO Christian Levin. The development in the US market for heavy trucks is particularly pleasing: order intake for the International brand there has increased by a good 80 percent. Demand for battery-electric vehicles is also picking up speed – sales rose by 38 percent and orders even rose by 45 percent.

MAN in an upward trend

The commercial vehicle manufacturer MAN Truck & Bus is continuing its upward trend and is reporting a successful start to the 2026 financial year. In the first three months, the company was able to significantly increase both sales and operating results. Demand for electric vehicles in particular is increasing noticeably given high diesel prices.

Sales rose by eight percent to 3.3 billion euros in the first quarter compared to the same period last year. The increase in sales was even more significant: with 23,600 units sold, MAN recorded growth of 14 percent. The strongest growth was in the truck segment with an increase of 21 percent. Order intake remained stable at the previous year’s level at 27,850 units across all vehicle categories.

Operating return climbs to 7.2 percent

From the company’s perspective, profitability developed particularly positively: the adjusted operating result rose by 106 million euros to 239 million euros – almost doubling compared to the first quarter of 2025. The adjusted operating return improved accordingly by 2.9 percentage points to 7.2 percent.

“MAN continues to deliver reliably good results at a constant level and shows profitable growth,” said CFO Inka Koljonen. This is the result of consistent transformation work and continuous improvements in costs and cash management over the past few years.

Market shares expanded in Europe

MAN was able to further consolidate its position in Europe. The market share in the truck segment rose by 1.8 percentage points to 15.5 percent in the EU 27+3 region. The company thus benefited from higher demand for commercial vehicles in the European core market compared to the previous year.

Electromobility as a growth driver

MAN recorded particularly dynamic growth in electromobility. The number of electric vehicles delivered climbed 44 percent to 540 units in the first quarter, including 340 electric trucks.

The company identifies the current high fuel prices as the driver of this development. According to the company, more and more customers are looking for solutions to make themselves more independent of external factors and high diesel costs. Despite higher purchase costs, an electric truck can sometimes pay for itself in significantly less than three years – depending on the type of use and the proportion of toll routes.

Cautious outlook despite good numbers

Despite the successful start to the quarter, CFO Koljonen is only cautiously optimistic for the year as a whole. “Due to the recent increase in geopolitical uncertainty, we are only cautiously optimistic for 2026 as a whole, although we have recently seen a slight recovery in our European core markets,” explained the CFO. Work is already underway to further improve the company’s resilience.

With the quarterly figures, MAN is continuing the positive development of recent years. The company had already recorded three very robust financial years in a row. Current developments show that the commercial vehicle manufacturer’s transformation strategy is bearing fruit – even if the geopolitical framework causes uncertainty.