TRATON reports solid order intake despite challenging market conditions

MAN parent company maintains positive outlook

TRATON, the parent company of commercial vehicle manufacturers MAN, Scania, and Volkswagen Caminhões e Ônibus, reported a solid order intake in the first half of 2023, despite ongoing challenges in the global supply chain and economic uncertainty.

Key highlights of TRATON's performance

Robust demand for trucks and buses

TRATON received a total of 142,000 orders in the first six months of the year, a 12% increase compared to the same period in 2022. The company's truck brands, MAN and Scania, saw particularly strong demand, with order intake rising by 23% and 16%, respectively. The bus brands, MAN and Scania, also reported a healthy 11% growth in orders.

Growth in key markets

TRATON's performance was driven by growth in key markets such as Europe, Brazil, and Asia. In Europe, order intake increased by 19%, with particularly strong demand in Germany, France, and Spain. In Brazil, TRATON's order intake jumped by 38%, driven by the country's growing infrastructure and logistics sector. In Asia, order intake grew by 17%, led by strong demand in China and India.

Challenging market conditions

Despite the solid order intake, TRATON faced challenges in the first half of 2023. The ongoing war in Ukraine and the resulting sanctions on Russia have disrupted supply chains and increased costs for the company. TRATON also faced challenges due to the global semiconductor shortage, which has impacted production of commercial vehicles.

Outlook: cautious optimism

TRATON CEO Christian Levin expressed cautious optimism about the company's prospects for the rest of the year. "We are pleased with our solid order intake in the first half of 2023, which demonstrates the continued demand for our products," said Levin. "However, we remain cautious about the outlook for the rest of the year. The war in Ukraine and the global economic uncertainty are creating challenges for our industry."

TRATON expects the global commercial vehicle market to remain challenging in the second half of 2023. The company plans to focus on cost control and efficiency measures to mitigate the impact of rising costs. TRATON also plans to continue investing in new technologies and products to meet the evolving needs of its customers.

Source: TRATON Group Delivers Solid Order Intake in H1 2023