MAN: sales revenue 2016-2023
Between 2016 to 2019, MAN SE reported a period of steady growth with sales revenue climbing from about 9.2 billion euros in 2016 up to about 11 billion euros in 2019. In 2020, there was a decline of sales revenue to about 9.7 billion euros. However, this short period of decline was followed by a period of extensive growth from 2021 to 2023, with sales revenues of about 10.9 and 14.8 billion euros respectively.
The brief period of decline in sales revenue was in the midst of both the COVID-19 pandemic and global semiconductor shortages. It was not only MAN that suffered such losses as the number of cars sold worldwide suffered a decline during that same period.