DGAP-Adhoc: MAN SE: Commercial Vehicles drives continuous improvement in earnings

 | Source: EQS Group AG EQS Group AG 

MAN SE  / Key word(s): Quarter Results

28.10.2010 07:59 

Dissemination 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.

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MAN's order intake in the period ended September 30, 2010 totaled EUR11.0
billion, a year-on-year increase of 52% (EUR7.2 billion). Revenue for the
first nine months of fiscal 2010 increased by 20% to EUR10.5 billion,
compared with
EUR8.8 billion in the prior-year period.

The MAN Group generated an operating profit of EUR728 million in the first
three quarters of 2010. This is almost double the prior-year figure (EUR378
million). The return on sales for the MAN Group after the first nine months
was 6.9%, compared with 4.3% in the prior-year period.

The MAN Group's earnings before tax amounted to EUR541 million in the first
nine months of fiscal 2010 (previous year: EUR155 million). This figure
includes the earnings effects from the purchase price allocation performed
as part of the acquisition of MAN Latin America, which amount to EUR-73
million, and from the interest in Sinotruk acquired at the end of 2009,
which amount to EUR-10 million.

Net income in the reporting period amounted to EUR380 million, compared
with EUR214 million in the previous year. The prior-year figure contained
net income of EUR125 million from discontinued operations in connection
with the sale of 70% of the shares of Ferrostaal AG. Earnings per share
from continuing operations were EUR2.58 as against EUR0.54 in the
prior-year period.

The MAN Group expects to continue its positive performance in the fourth
quarter and, for full-year 2010, is forecasting a significant increase in
order intake of at least 45%, revenue growth of more than 20%, and a return
on sales at the level of the first nine months.

MAN SE
The Executive Board


28.10.2010 07:59 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
              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 Frankfurt (Prime Standard), Berlin,
              Stuttgart, Hannover, Hamburg, München, Düsseldorf;
              Terminbörse EUREX
 
End of Announcement                             DGAP News-Service
 
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