Earnings per share rose to €5.61
London, March 10, 2025, (Oilandgaspress) ––The TRATON GROUP increased its sales revenue in 2024 by 1% to €47.5 billion (2023: €46.9 billion) in a market environment that was difficult at times and despite marginally lower unit sales. A favorable market and product mix and better unit price realization in the industrial business (TRATON Operations) supported the sales revenue. Thanks to the increased portfolio volume, the TRATON Financial Services segment lifted its sales revenue by 22% to €1.9 billion (2023: €1.6 billion).
The adjusted operating result of the TRATON GROUP in 2024 was €350 million higher at €4.4 billion (2023: €4.0 billion). At 9.2%, the adjusted operating return on sales not only exceeded the previous year’s figure (2023: 8.6%) but was also slightly higher than the forecast range of 8.0% to 9.0%. This increase was due to effective price management, combined with improved cost discipline in the industrial business (TRATON Operations). The book-to-bill ratio, or the ratio of incoming orders to unit sales, remained unchanged at 0.8 in the reporting period.
Advances in electromobility
The TRATON GROUP reached significant milestones on the journey to sustainable transportation in 2024. In June, Scania founded Erinion, a company specializing in depot and destination charging options for battery electric commercial vehicles of private and semi-public customers. Erinion will facilitate the ramp-up by establishing 40,000 charging points at customer depots. TRATON Charging Solutions supports the transition by simplifying access to charging stations. MAN registered keen interest in its battery electric heavy-duty MAN eTruck in 2024, receiving around 2,800 orders and order requests by the end of the year. Automotive supplier DRÄXLMAIER Group took delivery of the first MAN eTruck. MAN’s portfolio of electric models now ranges from 12 to 42 t.
Not only can International’s customers order the legendary yellow school bus as an electric model, but a medium-duty electric truck is also available with the eMV series. Moreover, International offers comprehensive advisory services on making the switch to electric vehicles. Volkswagen Truck & Bus (VWTB) is also forging ahead with the electrification of its product range. Having attracted a great deal of interest in its electric distribution truck e-Delivery, the brand started production of the first e-Volksbus models in the second half of 2024.
Strong contribution of all TRATON brands
Scania recorded sales revenue of €18.9 billion (2023: €17.9 billion) in fiscal year 2024, primarily thanks to the very strong growth in the New Vehicles business in South America. Adjusted operating return on sales climbed to 14.1% (2023: 12.7%), 1.4 percentage points higher than in the previous year. This was due to the volume-driven increase in sales revenue, a favorable price and product mix, and lower product costs. Scania improved its unit sales by 6% to 102,100 vehicles (2023: 96,700). Incoming orders declined by 4% to 81,000 vehicles (2023: 84,100).
MAN Truck & Bus benefited in 2024 from its successful realignment program, maintaining an adjusted operating return on sales of 7.2% (2023: 7.3%), on a par with the previous year. However, customers in the European market remained cautious, particularly in Germany, MAN’s home market. Furthermore, MAN was able to limit the decline in sales revenue to 7%, which totaled €13.7 billion (2023: €14.8 billion), notwithstanding a drop of 17% in unit sales to 96,000 vehicles (2023: 116,000). At 77,100 vehicles (2023: 86,800), incoming orders were down 11% year-on-year.
International (formerly Navistar) increased its revenue by 1% to €11.1 billion (2023: €11.0 billion), despite the moderate downturn in new truck registrations in North America. Adjusted operating return on sales was up by 0.5 percentage points to 7.1% (2023: 6.6%). International improved unit sales by 2% to 90,600 vehicles (2023: 88,900). Incoming orders at International fell by 7% to 56,600 trucks and buses (2023: 61,000), primarily due to the lower transportation activities in the USA and the weak demand for heavy-duty trucks.
Volkswagen Truck & Bus grew its sales revenue in 2024 by 18% to €2.9 billion (2023: €2.5 billion), while adjusted operating return on sales climbed 3.2 percentage points to 12.0% (2023: 8.8%). Unit sales increased by almost a quarter to 45,800 vehicles (2023: 37,200), with incoming orders up by as much as 45% to 48,900 vehicles (2023: 33,700). In South America, the positive economic development in Brazil in particular drove robust sales growth.
Information Source: . Read More
Oil and gas press covers, Energy Monitor, Climate, Gas,Renewable, Oil and Gas, Wind, Biomass, Sustainability, Oil Price, LPG, Solar, Marine, Aviation, Fuel, Hydrogen, Electric ,EV, Gas,
