09-04-30
MAN AG / Quarter Results 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 EUR 2.3 billion (previous year: EUR 4.9 billion), the overall order intake remained at a low level. The value of total orders fell by 53% compared with the prior-year quarter. In the first three months of 2009, revenue fell by 27% year-on-year to EUR 2.6 billion (previous year: EUR 3.5 billion). MAN generated an operating profit of EUR 100 million, a 76% decline on the prior-year period (previous year: EUR 423 million). The MAN Group's overall return on sales was 3.9% as against 12.1% in Q1/2008. The MAN Group's earnings before tax fell to EUR 80 million in the first quarter (previous year: EUR 420 million). Net income amounted to EUR 181 million, compared with EUR 322 million in the previous year. This includes net income from discontinued operations of EUR 125 million. Earnings per share from continuing operations were EUR 0.37 as against EUR 2.00 in the prior-year period. It remains difficult to forecast developments in the coming quarters. We do not believe that the economic situation will improve in the short-term. We expect a decline in the order intake and lower revenue and earnings compared with our excellent 2008 figures. The Group's financial stability and the order situation at Diesel, Turbo, and Renk will support us in 2009. MAN Aktiengesellschaft The Executive Board 30.04.2009 Financial News transmitted by DGAP