All of the heavy manufacturers have published their half year results. What emerges is a gradual return to profit following a catastrophic 2009. These relatively positive results must nevertheless be seen in the light of the more or less important impact of the manufacturers’ activities outside of Europe. Asia and South America in particular are growing far more strongly than Europe, and both sales and order taking are profiting greatly from this.
Substantial variations are becoming apparent in the delivery figures communicated by the manufacturers. The tractor unit market, in particular, continued to drop in the first quarter, while the lighter ranges were recovering more quickly.
DAF
Few specific figures from DAF Trucks, the European division of the Paccar group, except for progress in its market share for the over 15 tonnes segment to 16.3 %. At a group level, turnover increased by 9.1 % and net income to 3.5 %, against 1.58 % in 2009.
Iveco
Deliveries up by 27.5 % in Western Europe and 27.3 % in Eastern Europe. ‘Trading profit’ amounted to 1.4 %, while turnover was up by15 %.
MAN
Turnover at MAN Nutzfahrzeuge (which means its European activities) increased by 26 % between the first and second quarters, and this division returned to operating profit for the first time since the first quarter of 2009 (0.4 % in the first half).
Mercedes-Benz
Worldwide sales increased by 55 %, and by 39 % in Europe. The EBIT returned to positive territory (300 million EUR), having been substantially negative in 2009 (-508 million EUR). Operating results stood at 5.1 % (- 12 % in the second half of 2009). Daimler believes it can further improve these results in the second half (EBIT predicted to be one billion EUR at the end of the year).
Scania
Sales began to improve in Europe in the second quarter, and should continue to do so in the third. Deliveries increased by 37 % at worldwide level, by 57 % in Eastern Europe, but dropped by 5 % in Western Europe. Operating margins improved spectacularly to 15.2 %, which is above the2007 level.
Volvo AB (Volvo Trucks + Renault Trucks)
Worldwide sales increased by 28 % and operating results came in at 5 %, whereas they had been very negative in 2009 (-10.1 %). In Europe, sales were nevertheless down by 7 %, but the situation should quickly change, as the order book is up by 115 %, principally thanks to fleet purchases in Northern and Western Europe along with certain markets in Central Europe.
| 30/07/2010 | Claude Yvens