Scania increased its sales and profits to record levels in 2024, according to its latest published figures.
For the first time, the commercial vehicle manufacturer surpassed the 100,000-vehicle milestone. Sales rose by 6% to SEK 216.1 billion in 2024, compared to SEK 204.1 billion in 2023, while the number of vehicles delivered increased by 6% to 102,069.
Operating profit improved to SEK 30.4 billion, corresponding to a margin of 14.1%. The European market performed particularly well, with Scania increasing its market share to 17.8% (up by 2 percentage points, thanks to the successful Scania Super drive technology). In Latin America, the brand’s market share rose to 17.3%, with demand remaining high, particularly in Brazil.
However, the number of orders fell by 4% to 81,012 units, indicating a more cautious market outlook.
In the zero-emission vehicle (ZEV) segment, Scania delivered 266 vehicles—a small but growing share compared to the previous year (246 units in 2023).
To sustain its growth, Scania has increased its investment in R&D and established a new industrial centre in China. The company has also systematically continued its decarbonisation strategy, reducing CO2 emissions by 47%, putting it on track to exceed its 2025 target of a 50% reduction.
A tougher year for MAN, but with a stable margin
MAN experienced a sharp decline in truck sales in 2024. The number of trucks sold dropped by 24% to 63,655 units (compared to 83,703 in 2023).
Despite weak truck sales, MAN achieved a new sales record in the van segment (TGE), delivering approximately 27,670 units—an increase of 4% compared to the previous year (2023: 26,627 units).
“Despite the significant decline in truck volumes, we have matched last year’s result. This is an extraordinary achievement that demonstrates how much we have improved our resilience as a company,” said Inka Koljonen, MAN’s Chief Financial Officer.
Alexander Vlaskamp, CEO of MAN, sees early signs of market recovery and has announced the gradual phase-out of short-time work at German production sites.
“In the last months of 2024 and early 2025, order numbers in the truck segment have increased slightly but steadily. Even though we cannot yet speak of a full recovery, especially in Germany, we currently anticipate a further slight rise in demand throughout the year,” Vlaskamp concluded.
Meanwhile, MAN is continuing to expand its electromobility efforts. Series production of eTrucks will begin in Munich this year, battery production will commence in Nuremberg, and the logistics centre in Salzgitter will be expanded to include a spare parts division for electric vehicles. MAN is also gradually expanding its charging network and investing in new technologies such as autonomous driving and hydrogen-powered vehicles.