"Man Truck Achieves Operating Profit of 200 Billion KRW with 4% Increase in Sales Year-on-Year"

Commercial vehicle manufacturer MAN Truck & Bus SE (hereinafter ‘MAN Truck’) announced on the 28th that it recorded sales of 11.3 billion euros (approximately 15.93 trillion KRW) last year. This represents an increase of about 4% compared to the previous year. Operating profit was 139 million euros (approximately 195.7 billion KRW).

Although production was halted for six weeks due to supply bottlenecks caused by the Ukraine-Russia war, resulting in decreased sales volume, MAN Truck stated that this was offset by market improvements, diversification of product lines, and appropriate pricing strategies.

The company announced a major ‘corporate innovation strategy’ in March 2021 to restructure its production facilities and research and development network with a focus on future technologies. Currently, the Munich headquarters in Germany plays a central role in product research, digitalization, and electrification development. The Krakow plant in Poland, equipped with eco-friendly alternative drive systems, handles production volumes from the Munich plant. The Nuremberg plant is a key facility for establishing MAN Truck’s electrification systems, including electric batteries and hydrogen engines.

Inka Koljonen, MAN Truck’s Chief Financial, IT, and Legal Officer, said, “Despite difficult circumstances last year such as the COVID-19 pandemic, the Ukraine-Russia war, raw material supply disruptions, and high inflation, we were able to achieve positive operating results thanks to the hard work and dedication of MAN Truck employees and thorough cost management.” She added, “I am confident that most of the corporate innovation strategy initiated in 2021 will be completed in the new fiscal year.”

[Photo by Man Truck & Bus Korea]

This content was produced with the assistance of AI translation services.