09-07-30
MAN SE / Half Year Results/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. Order intake in the second quarter of 2009 was flat as against the first quarter of 2009, at EUR2.3 billion (previous year: EUR4.1 billion). Total order intake for the first six months of the year amounted to EUR4.6 billion, an ongoing clear decline of 49% compared with the prior-year period (previous year: EUR9.0 billion). The MAN Group generated revenue of EUR3.1 billion (previous year: EUR3.9 billion) in the second quarter of 2009, compared with EUR2.6 billion in Q1. Revenue was down by 23% in the first six months to EUR5.7 billion, compared with EUR7.4 billion in the prior-year period. The MAN Group recorded an operating profit of EUR144 million in the second quarter of 2009 (previous year: EUR526 Mio), as against EUR100 million in the first quarter. In the first half of 2009 MAN generated an operating profit of EUR244 million, down 74% on the prior-year period (previous year: EUR949 million). The return on sales for the first half of 2009 was 4.3% (previous year: 12.9%). The MAN Group's earnings before tax fell to EUR118 million in the first half of the year (previous year: EUR1,011 million). This includes losses from nonrecurring items totaling EUR71 million. Net income amounted to EUR208 million, compared with EUR768 million in the previous year. This includes net income from discontinued operations of EUR125 million (previous year: EUR43 million). Earnings per share from continuing operations were EUR0.52 as against EUR4.89 in the prior-year period. We do not currently see any signs of the economic situation improving. Cutbacks in investment are now not only impacting the Commercial Vehicles business area but are also leading to a clear decline in order intake in the other areas. The order backlog at Diesel, Turbo, and Renk will continue to support us in 2009. The Group's financial stability and the corporate bond placed also provide a good basis for these times. MAN SE The Executive Board 30.07.2009 Financial News transmitted by DGAP