MAN Truck & Bus SE delivered solid financial performance in the first nine months of 2026, with adjusted operating profit rising to €639 million and revenue increasing by 4%. The company’s adjusted operating return improved to 6.2%, while vehicle sales grew by 5% and order intake increased by 8%. MAN’s electric vehicle business also gained momentum, recording 36% growth in deliveries.
MAN Truck & Bus continued its positive financial performance during the first nine months of 2026, reporting growth across all key financial indicators. Adjusted operating profit increased from €557 million in the same period of 2025 to €639 million, while the adjusted operating return rose from 5.6% to 6.2%.
Despite challenging market conditions and seasonal production fluctuations, MAN maintained its growth trajectory. Strong truck sales in European markets, continued demand for the MAN TGE van and expanding electric vehicle deliveries contributed to the company’s performance.
MAN Achieves €639 Million Adjusted Operating Profit
MAN CFO Inka Koljonen highlighted the company’s financial stability and consistent performance over recent years. While third-quarter results were affected by lower sales and production volumes during the summer break, the company expects temporary restrictions at a truck component supplier to have only a minor impact on its fourth-quarter performance.
Koljonen commented: “You can rely on MAN. We have now been on a stable course for almost four years, consistently delivering robust results and generating strong cash flow. The first nine months of 2026 were no exception. The third-quarter result was mainly affected by low sales and production volumes during the summer break. In the short term, we are affected by temporary restrictions at a supplier of truck components. We expect this to have a minor impact in the fourth quarter of 2026.”
MAN Truck Sales Increase by 8% in Europe
MAN recorded an 8% increase in truck sales during the first nine months of 2026 compared with the previous year. Growth was primarily driven by strong demand in core European markets outside Germany. The company’s market share outside the DACH region reached its highest level in seven years, while truck sales in Germany remained stable year on year.
Order intake increased by 8% during the reporting period, reflecting continued customer demand. In Germany, orders rose by 19% in the third quarter, supported in part by MAN’s successful participation in the IAA commercial vehicle exhibition in September.
MAN TGE Van Sales Approach Record Levels
The MAN TGE van continued its strong market performance, with 23,400 vehicles sold during the first nine months of 2026. This represents an increase of almost 3% compared with the same period in 2025, which was already the model’s strongest sales year.
Order intake for the MAN TGE also reached a record level after three quarters, reinforcing expectations of another successful year. Since production began in 2016, MAN has manufactured a total of 200,000 TGE vans.
MAN eCoach Prepares for Series Production
MAN’s bus division faced a highly competitive market environment during the first nine months of 2026. Bus deliveries declined by 6% compared with the particularly strong results recorded during the same period of the previous year.
Meanwhile, MAN is completing preparations for series production of its fully electric coach, the MAN eCoach. The first vehicles are scheduled to leave the production line before the end of 2026, marking another step in the company’s expansion into electric passenger transport.
MAN Electric Vehicle Deliveries Grow by 36%
MAN’s electric mobility business continued to expand, with 1,480 fully electric commercial vehicles delivered during the first nine months of 2026. The total included 805 electric trucks and 675 electric buses, representing a 36% year-on-year increase, although electric vehicle volumes remain relatively low compared with the company’s overall business.
MAN has now deployed more than 3,300 electric buses across Europe, all operating in daily scheduled passenger services. In addition, approximately 1,500 MAN electric trucks are currently in customer operation. These vehicles have collectively travelled more than 60 million kilometres, recording an average energy consumption of 95 kWh per 100 kilometres.
MAN Expands Electric Truck and Van Portfolio
At the IAA exhibition in Hanover, MAN presented its complete electric truck and van portfolio covering vehicle classes from 4 to 50 tonnes for the first time. The expanded lineup demonstrates the company’s approach to electrifying commercial transport across different vehicle categories and applications.
The electric range includes the MAN TGE van, the light- and medium-duty MAN eTGL and eTGM models designed for distribution and municipal operations, and the heavy-duty MAN eTGS and eTGX trucks. With its growing electric commercial vehicle portfolio, MAN continues to develop zero-tailpipe-emission transport solutions for urban distribution, logistics and heavy-duty operations.
