Traton Full-Year Report 2022

The TRATON GROUP generated sales revenue of €40.3 billion (previous year: €30.6 billion) in 2022. This increase is attributable to higher new vehicle unit sales as a result of the Navistar integration, a positive market and product mix, as well as better unit price realization and an increase in the Vehicle Services business. Excluding Navistar’s activities, sales revenue would have been up 10% year-on-year. Accounting for 21% (previous year: 21%) of total sales revenue, the Vehicle Services business contributed a considerable €8.5 billion (previous year: €6.4 billion) to business performance. Both the genuine parts business and workshop services recorded substantial and significant growth across all brands, respectively. Additionally, there were positive currency effects compared with the previous year, in particular due to the movement of the Brazilian real and the Swedish krona. Moreover, the weakening of the euro against the US dollar made a positive contribution to sales revenue growth.

Gross profit rose to €6.9 billion (previous year: €5.5 billion) in the 2022 reporting period and was hence up 24% year-on-year. For the TRATON GROUP and the TRATON Operations business area, gross profit would have been up 5% on the prior-year level without Navistar. The change in gross profit was driven mainly by the war in Ukraine, which led to massive supply shortages for truck cable harnesses at MAN Truck & Bus, among other things. These
resulted in a six-week production stop at some truck plants from mid-March. In addition, there were production restrictions in the TRATON Operations business area due to bottlenecks in the supply of semiconductors and other key components as well as shortages in logistics capacity. The shortages in logistics capacity also impacted deliveries of vehicles.