Mitsubishi Fuso Truck & Bus Corporation has announced that majority shareholder Daimler Truck achieved financial targets for 2023.
◆ Daimler Truck once again increased its unit sales worldwide in 2023 despite
supply bottlenecks in important regions, selling 526,053 trucks and buses (2022:
520,291 units). The company benefitted from strong demand in its key markets to
deliver record-level results in revenue of €55.9 billion (2022: €50.9), adjusted
EBIT €5, 489 million (2022: €3,959), and free cash flow for a robust outlook for
2024.
◆ The group’s Trucks Asia segment, which includes the FUSO brand, increased
unit sales by 3% to 161,171 units and increased revenue by 9% to €7,060 million.
Adjusted EBIT increased by 93% to €330 million and adjusted RoS reached 4.7%.
◆ In Europe, FUSO achieved its highest sales result since 2007 with more than
10,000 units in sales, a 14% increase from 2022. Vehicle production also
increased by 10%, including more than 600 eCanters. Additionally, FUSO Europe
achieved its best after-sales revenue to date with a record year in both the parts
and remanufactured parts businesses. Europe remains a key ZEV market and an
active base for eCanter activities including sales training, fleet testing, drive
events, and sales.
◆ FUSO eCanter sales reached an all-time high with 1,680 units in 2023. Since
launching the eCanter in Japan in 2017 as the first all-electric light-duty truck in
series production, MFTBC has continued to expand eCanter sales to global
markets, aided by the offering of eMobility solutions such as FUSO Green
Lease, which was designed specifically to help customers transition to EV
fleets.
The new eCanter debuted at trade shows in other core FUSO markets. This
shows MFTBC’s commitment to ZEVs on a global level with more launches
planned internationally in 2024, and reflects the strong demand of customers for
EV trucks and related services worldwide.
Overall, MFTBC has achieved strong results in key markets, despite supply chain
bottlenecks and global logistics. As part of Daimler Truck, MFTBC keeps working
towards its ambitions to lead the industry’s transformation to zero-emission
transportation, as well as to lead in sustained profitability.
“Daimler Truck Asia and MFTBC achieved excellent results in 2023,” said Karl
Deppen, Head of Daimler Truck Asia and President & CEO of MFTBC. “We
are truly grateful for the support and loyalty of our customers, employees and
partners who contributed to these achievements – Our unit sales climbed 3% and
revenue was up by 9%. In addition to that, our adjusted EBIT increased even
further. This shows our commitment to resilient financial performance and our
ability to be sustainably successful. In particular, our FUSO brand demonstrated
strong leadership in the ZEV market, thanks to the introduction of our latest allelectric
eCanter in multiple international markets and the welcoming reception of
customers worldwide.”