2007-05-03 07:43 | Investor Relations | MAN SE
Another pronounced performance improvement in Q1/2007
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.
Q1/2007 order intake at EUR4.8 billion represented a EUR0.9 billion
addition versus the year-earlier amount (EUR3.9 billion) and a rise of 23
percent. Q1 sales advanced 15 percent to EUR3.3 billion (Q1/2006: EUR2.9
Q1 operating profit for the MAN Group leaped by 51 percent or EUR107
million from EUR211 million to EUR318 million. As a consequence, Return on
sales rose from 7.4 percent in Q1/2006 by 2.2 percentage points to 9.6
percent. The MAN Group’s EBT for Q1/2007 improved by EUR103 million to EUR
305 million (Q1/2006: EUR202 million). Earnings after tax jumped from
EUR154 million to EUR228 million. EpS of continuing operations leaped from
EUR0.98 to EUR1.49.
Assuming a continuation of the congenial capital goods climate, we expect
the MAN Group to book orders for all of 2007 in the region of the previous
year (EUR16.6 billion). For the MAN Group as such, we expect 2007 to show
an overall sales growth of around 10 percent from the 2006 level of EUR13.0
The MAN Group will again report an accelerated improvement in operating
profit (2006: EUR1,105 million). ROS should for the year as a whole
maintain the Q1/2007 level of 9.6 percent (up from 8.5 percent in 2006).
The Executive Board