MAN reports third consecutive robust year despite weak truck demand
MAN Truck & Bus posted a stable operating result of €904 million in 2025, its third straight year of robust performance amid persistently weak truck demand.
€14.1 billion
101,600 units
168%
What Happened
MAN Truck & Bus reported a 3% increase in revenue to €14.1 billion in 2025, with vehicle sales rising 6% to 101,600 units. The company's adjusted operating result was stable at €904 million, yielding an adjusted operating margin of 6.4%. Order intake surged 30% to nearly 100,000 units, driven by strong demand for buses and vans, while truck demand remained low in European core markets.
- 14,095 vs 13,652 (+3%)
- 904 vs 919 (-2%)
- 6.4% vs 6.7% (-0.3 ppt)
“It is already the third year in a row that we have achieved robust results in persistently weak truck markets in Europe. It pays off that as a full-range supplier we can balance different developments in our business units and continuously expand our service offering.”
Why this matters
The results show that MAN's diversification across trucks, buses, vans, and services helps it weather weak truck markets, while its electric vehicle sales more than tripled.
Terms in This Story
- adjusted operating margin
- A profitability ratio that excludes one-time items to show underlying performance.
- order intake
- The total number of orders received during a period.
- full-range supplier
- A company that offers a complete portfolio of products, such as trucks, buses, vans, and engines.
Summarised from the linked release; details can be imperfect — always verify against the original source.