MAN SE / Quarter Results/Interim Report

29.10.2009 

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.


Total order intake for the first three quarters of the year amounted
to EUR7.2 billion, a sharp decline of 40% compared with the prior-year
period (previous year: EUR12.1 billion). However, at EUR2.7 billion
(previous year: EUR3.1 billion), order intake in Q3/2009 was slightly
up on the first two quarters of the year, helped mainly by the Diesel
Engines business area.

Third-quarter revenue remained constant quarter-on-quarter at EUR3.1
billion. Revenue for the first nine months was down by a total of 20%
to EUR8.8 billion, compared with EUR11.0 billion in the prior-year
period.

In the first three quarters of 2009 MAN generated an operating profit
of EUR378 million, a decline of 72% on the prior-year period (previous
year: EUR1,371 million). The return on sales for the first nine months
of 2009 was 4.3%, compared with 12.5% in the same period of 2008.

The MAN Group's earnings before tax amounted to EUR155 million in the
first nine months of 2009 (previous year: EUR1,437 million). In the
third quarter, earnings before tax, and in particular selling
expenses, were impacted by the effects of the purchase price
allocation performed as part of the acquisition of MAN Latin America,
which amount to EUR-40 million since the acquisition at the end of
March 2009. To enhance long-term comparability, the effects of
purchase price allocation are not included in operating profit.
Earnings before tax were also impacted by losses from nonrecurring
items totaling EUR93 million.

Net income amounted to EUR214 million, compared with EUR1,070 million
in the previous year. This includes net income from discontinued
operations of EUR125 million (previous year: EUR48 million). Earnings
per share from continuing operations were EUR0.54 as against EUR6.87
in the prior-year period.

Following the sharp downturn, industrial production should recover
slowly over a period of several years. The impact of the recession
will also be evident in the Diesel Engines and Turbo Machinery
business areas over the coming quarters; however, the target returns
should be achieved due to the high order backlog. For MAN Commercial
Vehicles, we expect business to remain at the current level. Due to
the market trend in South America, MAN Latin America will continue to
be a stable earnings driver.

The current investigations by the public prosecution authorities and
the further investigations are still ongoing. The
risks cannot be provisionally quantified at present because the
investigations have not been completed.

MAN SE
The Executive Board


29.10.2009  Financial News transmitted by DGAP