MAN Truck & Bus lifts nine-month revenue 4% to €10.3bn as electric vehicle sales rise 36%

MAN Truck & Bus SE said it again achieved a robust result in the first nine months of 2026, with all major key figures above the prior-year period. Revenue rose 4% to €10.34bn, unit sales climbed 5% to 75,395 vehicles and order intake grew 8% to 78,610 units. The adjusted operating result reached €639m, up from €557m a year earlier, and the adjusted operating return rose to 6.2% from 5.6%. Electric mobility continued to gain momentum with a 36% sales increase, although MAN notes the volume is still at a low level.

Truck sales rose 8% in the first nine months, driven in particular by strong performance in European core markets outside Germany, where market share climbed to its highest level in the past seven years. Sales in Germany, MAN's particularly important home market, stagnated compared with the prior year. Order intake in Germany picked up significantly in the third quarter, rising 19%, helped among other things by a very successful IAA in September. The MAN TGE van stayed on a record course with 23,390 units sold after nine months, up nearly 3% on the previous best year 2025, and its order intake also reached a record level; since 2016, 200,000 MAN TGE units have been produced.

In a highly competitive environment the bus business could not hold the very strong results of the prior-year period, with deliveries down 6%. Final preparations are currently under way for the start of series production of the all-electric MAN eCoach long-distance coach, and the first vehicles are due to roll off the line this year. In the first nine months MAN delivered 1,480 fully electric vehicles — 805 eTrucks and 675 eBuses — a 36% increase. More than 3,300 eBuses are already on European roads in daily line service, and the fleet of around 1,500 MAN eTrucks sold to customers has covered more than 60 million kilometres at an average consumption of 95 kWh per 100 kilometres.

At the IAA in Hanover MAN presented its entire continuous electric truck and van portfolio between 4 and 50 tonnes for the first time. It ranges from the electrified TGE transporter, through the light and medium eTGL and eTGM series for distribution transport or municipal applications, to the heavy eTGS and eTGX series. The company describes its electrification business as growing strongly, though still from a low level.