DGAP-Adhoc: MAN SE: Strong order intake, substantial earnings growth

 | Quelle: EQS Group AG EQS Group AG 

MAN SE  / Key word(s): Quarter Results/Half Year Results

28.07.2011 07:57

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At EUR4.4 billion, the MAN Group's order intake in Q2/2011 again matched
the high level in the previous quarter. With EUR8.8 billion in the first
half of 2011 this represents a sharp increase of 22% as against the first
half of 2010 (EUR7.3 billion). In the first six months, the MAN Group's
revenue increased by 18% year-on-year to EUR8.0 billion (EUR6.7 billion).
In the second quarter, revenue reached EUR4.2 billion (EUR3.6 billion) -
the highest quarterly figure of the past two years. The MAN Group generated
an operating profit of EUR762 million in the first half of 2011, an
improvement of 88% as against the previous year (EUR404 million). In the
second quarter, the MAN Group generated an operating profit of EUR437
million (EUR276 million). The return on sales for the MAN Group after the
first six months was 9.6% (6.0%), and in the second quarter 10.3% (7.7%).

The MAN Group's earnings before tax amounted to EUR1,154 million in the
first six months (EUR285 million). This includes the earnings effect from
the remeasurement of the Scania investment in the first quarter (EUR495
million). Earnings before tax also reflect the earnings effects from the
purchase price allocations performed as part of the acquisition of MAN
Latin America and the investment in Sinotruk, which amount to EUR-57
million. Net income in the reporting period amounted to EUR854 million,
compared with EUR200 million in the previous year. Earnings per share from
continuing operations were EUR5.78 as against EUR1.37 in the prior-year
period.

Overall, we believe that the MAN Group will continue its positive
performance and are therefore raising the outlook we issued in the first
quarter: For full-year 2011, we are expecting revenue growth of 10 to 15%
and a return on sales that slightly exceeds our average long-term target of
8.5%.

MAN SE
The Executive Board


28.07.2011 DGAP's Distribution Services include Regulatory Announcements, 
Financial/Corporate News and Press Releases. 
Media archive at www.dgap-medientreff.de and www.dgap.de

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Language:     English
Company:      MAN SE
              Ungererstraße 69
              80805  München
              Germany
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, Düsseldorf, Frankfurt (Prime
              Standard), Hamburg, Hannover, München, Stuttgart; Terminbörse
              EUREX
 
End of Announcement                             DGAP News-Service
 
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