DGAP-Adhoc: MAN AG:MAN Group in Q3 2008: Decline in order

MAN AG / Quarter Results

30.10.2008 

Release of a Adhoc News, transmitted by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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The MAN Group continued to grow in the third quarter, with a strong
increase in net sales and a substantial improvement in earnings. Following
a slowdown in growth in the order intake during the first half of 2008,
incoming orders fell by 30% in the third quarter from EUR4.4 billion to
EUR3.1 billion. At EUR12.1 billion, the cumulative order intake for the
first nine months is 9% below the prior-year period (EUR13.3 billion). The
Industrial Services business area is reported as a discontinued operation
in MAN's quarterly report as of September 30, 2008. The prior-year figures
have been adjusted for comparison purposes.

The MAN Groups net sales rose in the first nine months by 18% to EUR11.0
billion (previous year: EUR9.3 billion), EUR3.6 billion (EUR3.1 billion) of
which related to the third quarter. All business areas recorded
double-digit growth.

The MAN Group increased its operating profit in the first nine months to
EUR1,371 million, up 37% on the prior-year figure (EUR1,002 million). This
includes the dividend payment from Scania of EUR57 million from the second
quarter (EUR43 million). The Group's Q3 operating profit rose to EUR422
million (EUR334 million). The return on sales was up from 10.8% in the
previous year to 12.5% in the first three quarters (excluding the Scania
dividend: 12.0% compared with 10.3%).

The MAN Group's earnings before taxes including nonrecurring income
improved to EUR1,437 million in the first three quarters (EUR1,206
million). Net income rose to EUR1,070 million (EUR894 million). Excluding
nonrecurring income, earnings per share from continuing operations reached
EUR6.44 compared with EUR4.57 in the prior-year period. Including
nonrecurring income, it amounts to EUR6.87 (EUR5.48).

We are forecasting a reduction in the order intake for full-year 2008, due
mainly to the significant drop in orders in the Commercial Vehicles
business area. Net sales will again exceed the prior-year level. We are
predicting our return on sales (ROS) to be just under 12% (11.2%). Our
balanced Group structure, high order backlog, and increased flexibility
give us a strong basis for 2009 despite the economic uncertainty and will
cushion the effects of the economic downturn.

MAN Aktiengesellschaft
The Executive Board
DGAP 30.10.2008 
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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
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DGAP-Adhoc: MAN AG:MAN Group in Q3 2008: Decline in order intake, strong net sales growth
