07-10-31
MAN AG / Interim Report 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. At EUR4.7 billion, Q3 orders advanced 17% over the year-earlier EUR4.0 billion. 3Q orders topped the year-earlier EUR12.0 billion by 19% to reach EUR14.3 billion. The sharp rise in order intake and the order backlog, since January mounting to a record level of EUR14.5 billion (up 28%) are also reflected in significantly increased sales. Whereas Q3 sales rose 12% from EUR3.1 billion to EUR3.5 billion, 3Q sales climbed from EUR9.2 billion to EUR10.3 billion. The clear operating profit improvement in the first half of the year continued into the third quarter. The operating profit jumped 36% to EUR378 million (up from EUR278 million). The 3Q operating profit surged by EUR348 million (up 46%) to EUR1,099 million. As a consequence, ROS improved from 8.2% to 10.7%. Excluding the Scania dividend (EUR43 million), to 10.3%. The MAN Group’s 3Q EBT shot up from EUR707 million to EUR1,305 million, including EUR241 million as nonrecurring Q2/2007 result. Earnings after taxes climbed from EUR677 million to EUR894 million. Earnings per share (EpS) of continuing operations improved from EUR3.51 to EUR5.07, including the nonrecurring items from EUR3.51 to EUR5.98. For all of this year the MAN Group expects order intake to rise 10+ percent over 2006 (EUR16.6 billion). Sales are forecast at EUR15 billion (up from EUR13.0 billion), ROS will match the 3Q figure of 10.7 percent, hence well above the 2006 level of 8.5 percent. MAN Aktiengesellschaft The Executive Board 31.10.2007 Financial News transmitted by DGAP