Hispacold has moved to new purpose-built premises in Torrecuéllar within the Free Trade Zone of the Port of Seville.

Hexagon Purus has delivered a year of solid operational progress and a healthy set of 2024 financial results following a year of accelerated top-line growth achieved through strategic adjustments outlined in our original feature piece.

Net revenue was USD 31.3 million in 2024, an increase from USD 22.1 million in 2023. The increase was driven by higher vehicle and spare parts sales, especially in the U.S. market, where sales surged from USD 0.4 million in 2023 to USD 19.3 million in 2024.

Llistosella, who assumed the CEO role in January 2023, has been instrumental in driving the company's BOOST 2026 strategy, focusing on profitability, sustainable growth, and long-term value creation.

Decreased sales in 2024, with 460,409 trucks and buses sold compared to a record 526,053 in 2023, a 12% decrease. Revenues were down EUR 1.2 billion in 2024 posting EUR 54.1 billion (2023: EUR 55.9 billion). Adjusted Group EBIT in 2024 declined by 14.97% to EUR 4,667 million compared with EUR 5,489 million in the previous year.

With their 2024 financial results freshly published and a pivotal year behind them, we interviewed Patrick Yau, Director of Investor Relations at Ceres, to explore the company’s evolving strategy, commercial vehicle ambitions, and whether their “asset-light, IP-heavy” approach will carry the day in a volatile green energy market.

Marcopolo launched several new models in 2024 including Volare Fly 12 work commuter bus, Volare Attack Hybrid on an Agrale chassis, and started delivery of the Attivi e-bus built on its own e-chassis.

In total Volvo delivered 1,429 vehicles in Latin America during 2024 with Chile (238 and Peru (162) being the main continental export markets.

A key driver behind this performance was a record order intake of GBP 112.8 million, fuelled by agreements with two new manufacturing licensee partners, Delta Electronics and Denso, and an electrolyser system partner, Thermax Ltd. These strategic partnerships signal strong future revenue streams for Ceres.

The Volvo Group - which includes Renault Trucks, Mack Trucks, Prevost, and Nova Bus - saw a slight decline in its financial results across the board, with its net sales falling by 3% to SEK527bn (approximately EUR46bn) in 2024.

The financial results of Traton - which includes the MAN, Scania, International, and Volkswagen Truck & Bus brands - remained steady compared to the year before, with sales revenues improving by just 1% from EUR46,872m in 2023 to EUR47,473m in 2024.

The company recorded a 28% rise in profitability from 2023, and turnover rose from EUR 106 million in 2023 to EUR 161 million in 2024, an increase of 52 percent!