VDL Groep reported a challenging 2024, with total annual turnover falling over 30% to €4.281 billion. Initially hindered by material shortages and operational wind-downs, the latter half saw a recovery in operating results. The bus division, after a 33% decline in 2023, surged by 67% in 2024, driven by robust e-bus sales. Looking ahead, VDL anticipates stable sales in 2025, with a growing order portfolio fortifying confidence in future performance, largely attributed to the VDL Citea.
"After a poor first six months, operating results showed signs of recovery during the second half of 2024. Excluding the Car Assembly division, annual turnover is the highest ever."
"Good news come from the bus division, whose turnover increased by 67% from €304 million in 2023 to €509 million, despite a prior decrease in sales."
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