MAN AG / Final Results
05.02.2008
Release of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
---------------------------------------------------------------------------
The MAN Group boosted order intake in 2007 by 17% to EUR19.4 billion (up
from EUR16.6 billion) within a congenial economic environment. MAN boosted
sales in 2007 by 19% to EUR15.5 billion.
Following its 64% surge the previous year, the MAN Groups operating profit
was in 2007 again vigorously boosted to the new all-time high of EUR1,730
million (up 57% from EUR1,105 million). Return on sales (ROS) improved from
8.5% to 11.2%.
The nonrecurring result for 2007 was +EUR183 million. Thus the earnings
before interest and taxes (EBIT) reached EUR1,913 million (EUR1,105 in
2006).
MAN Groups net income (EAT) reached EUR1,225 million (up EUR300 million
from EUR925 million). The bottom line is a much improved EpS of EUR8.24 (up
63%), excluding the nonrecurring result, an EpS of EUR7.99 (up 58%).
Given the already towering order backlog throughout the business areas and
the related, in some cases lengthy, delivery periods, we expect to report a
volume approximating the prior year's. Sales by the MAN Group in 2008 are
expected to again advance, also due to the tall order backlog, by over 5%
above the 2007 figure of EUR15.5 billion.
Given our budgeted order intake and sales, we predict for 2008 an ROS in
line with the high level of 2007. This year will see another rise in the
MAN Group's operating profit.
During the past weeks, the MAN Group has gone through a corporate rating
process: The two agencies, Standard & Poors and Moodys, have rated MAN at
A and A3, respectively.
MAN Aktiengesellschaft
The Executive Board
DGAP 05.02.2008
---------------------------------------------------------------------------
Language: English
Issuer: MAN AG
Landsberger Str. 110
80339 München
Deutschland
Phone: +49 (0)89 360 98-334
Fax: +49 (0)89 360 98-556
E-mail: investor.relations@man.eu
Internet: www.man.eu
ISIN: DE0005937007
WKN: 593700
Listed: Regulierter Markt in Berlin, Frankfurt (Prime Standard),
Hannover, Düsseldorf, Stuttgart, München, Hamburg;
Terminbörse EUREX
End of News DGAP News-Service
---------------------------------------------------------------------------
DGAP-Adhoc: MAN AG: 2007, the most successful year ever in the Group's history
| Source: EQS Group AG