MAN

MAN can look back on over 250 consecutive years of company history. For the supplier of trucks, buses, diesel engines, turbomachinery and special gear units, 2013 was dominated by the product changeover to the new Euro 6 emission standard in force in Europe since January 2014.

BUSINESS DEVELOPMENT

MAN’s flexible solutions enable it to focus on individual customer and market needs. The Euro 6 emission standard was the core topic in the past fiscal year in the commercial vehicles segment: MAN celebrated world premieres of new Euro 6 engines across all of its model series. In addition, MAN and its NEOPLAN bus brand unveiled the entire bus portfolio with economical, high-performance Euro 6 engines. The Power Engineering business area introduced innovative products that were also well received. For example, an MAN steam turbine engine has been generating electricity in the world’s largest solar power plant in Abu Dhabi since 2013.

The key figures presented in this chapter comprise the Trucks and Buses, Power Engineering and Financial Services businesses.

The economic environment remained difficult for the MAN brand in fiscal 2013. The European commercial vehicles market declined again significantly in the first half of 2013 due to the continuing sovereign debt crisis. There were considerable pull-forward effects in the second half of 2013 because of the new Euro 6 emission standard that came into force from January 1, 2014. MAN also benefited from higher orders in South America driven mainly by attractive financing conditions and high transportation demand. This lifted orders by 2.4% to 138 thousand vehicles. MAN delivered 140 thousand commercial vehicles to customers in the reporting period, 4.5% more than in the previous year. The sales figures include 16 thousand buses (+4.2%). The Power Engineering business area recorded an order intake of €3.9 billion in the reporting period, down 3.2% year-on-year. The continued difficult situation in the shipping industry, ongoing economic uncertainties and tougher financing conditions led to delays in awarding contracts.

The MAN brand increased production by 13.6% to 141 thousand commercial vehicles in the reporting period, 16 thousand (16 thousand) of which were buses.

SALES REVENUE AND EARNINGS

The MAN brand generated sales revenue of €15.9 billion in the period from January to December 2013, which was on a level with the previous year (€16.0 billion); roughly a quarter of this figure was attributable to the Power Engineering segment. MAN’s operating profit, down from €813 million to €319 million, was mainly impacted in the Power Engineering area by lower volumes, tougher competitive pressure and declining revenue from the license business, and in particular by the recognition of project-specific contingency reserves. The operating return on sales was 2.0% (5.1%).

140 thousand

Commercial vehicles sold in 2013

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PRODUCTION

 

 

 

 

Units

 

2013

 

2012

 

 

 

 

 

Trucks

 

125,423

 

108,417

Buses

 

15,788

 

15,887

 

 

141,211

 

124,304

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MAN BRAND

 

 

 

 

 

 

 

 

2013

 

2012*

 

%

 

 

 

 

 

 

 

*

Prior-year figures adjusted to reflect application of IAS 19R.

Orders received (thousand units)

 

138

 

135

 

+2.4

Deliveries

 

140

 

134

 

+4.5

Vehicle sales

 

140

 

134

 

+4.5

Production

 

141

 

124

 

+13.6

Sales revenue (€ million)

 

15,861

 

15,999

 

–0.9

Operating profit

 

319

 

813

 

–60.7

as % of sales revenue

 

2.0

 

5.1

 

 

TGX

DELIVERIES BY MARKET
in percent

FURTHER INFORMATION
www.man.eu