MAN SE: Growth trend remains intact though pace slows

MAN SE  / Key word(s): Interim Report

02.11.2011 07:56

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At EUR4.1 billion, the MAN Group's order intake in Q3/2011 was down
slightly on the high levels seen in the previous two quarters. A clear 18%
rise was recorded in comparison with the first nine months of 2010. Revenue
for the first nine months of fiscal 2011 increased by 14% to EUR12.0
billion, compared with EUR10.5 billion in the prior-year period. At EUR4.0
billion, the Q3 figure was unable to match the strong showing for the
previous quarter (EUR4.2 billion).  The MAN Group generated an operating
profit of EUR1.1 billion in the first three quarters of 2011, an
improvement of 49% as against the previous year (EUR728 million). At EUR321
million, the operating profit for Q3/2011 matched the figure for the
extremely strong prior-year quarter. The return on sales for the MAN Group
after the first nine months was 9.0%, compared with 6.9% in the prior-year
period. The figure for the third quarter was 8.0% (8.6%).

The MAN Group's earnings before tax for the first nine months amounted to
EUR1,423 million (EUR541 million). This includes the earnings effect from
the remeasurement of the investment in Scania (EUR495 million). Earnings
before tax also reflected the effects from the purchase price allocations
performed as part of the acquisition of MAN Latin America and the
investment in Sinotruk Ltd., Hong Kong/China, which amounted to EUR-85
million. Net income in the first three quarters amounted to EUR1,025
million, compared with EUR380 million in the previous year. Earnings per
share from continuing operations were EUR6.91, as against EUR2.58 in the
prior-year period.

We are continuing to expect revenue growth of 10 to 15% for full-year 2011
for the MAN Group and a return on sales slightly in excess of our average
long-term target of 8.5%.

MAN SE
The Executive Board


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Language:     English
Company:      MAN SE
              Ungererstraße 69
              80805  München
              Germany
Phone:        +49 (0)89 360 98-334
Fax:          +49 (0)89 360 98-556
E-mail:       investor.relations@man.eu
Internet:     www.man.eu
ISIN:         DE0005937007
WKN:          593700
Listed:       Regulierter Markt in Berlin, Düsseldorf, Frankfurt (Prime
              Standard), Hamburg, Hannover, München, Stuttgart; Terminbörse
              EUREX
 
End of Announcement                             DGAP News-Service
 
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