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MarketScreener Homepage  >  Equities  >  Xetra  >  MAN SE    MAN   DE0005937007

MAN SE

(MAN)
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MAN : increases sales revenue in the first half of the year; Improvement in unit sales, lower order intake - outlook confirmed

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07/31/2019 | 11:27am EDT

The MAN Group - comprising the MAN Truck & Bus and MAN Latin America divisions - can look back on a positive first half of fiscal 2019.

The Company generated sales revenue of EUR6.3 billion in the first six months of 2019, 8% higher than in the previous year. Unit sales in the MAN Group rose by 10% to 71,814 (previous year: 65,356) vehicles.

'More than anything else, we are reaping the benefits of our solid position in the European market for commercial vehicles as well as Brazil's economic recovery,' explains Joachim Drees, Chief Executive Officer of MAN SE.

At EUR6.8 billion (previous year: EUR7.2 billion), the MAN Group's order intake in the first six months of 2019 was down 6% year-on-year.

The MAN Group generated an operating profit of EUR248 million, roughly on a level with the previous year (EUR255 million). The operating return on sales was 4.0%, after 4.4% in the prior-year period.

The MAN Group's profit after tax came in at a total of EUR430 million in the first six months of the year (previous year: EUR407 million).

MAN SE's Executive Board anticipates a slight growth in sales revenue in 2019. The MAN Group's operating profit and the operating return on sales are also expected to improve noticeably in 2019 compared with the previous year.

Sacha Klingner

Head of Communications

MAN SE

Corporate Communications

Dachauer Strasse 641

80995 Munich

Phone: +49 89 36098-111

E-mail: presse@man.eu

(C) 2019 Electronic News Publishing, source ENP Newswire

Stocks mentioned in the article
ChangeLast1st jan.
MAN SE -0.53% 48.6 Delayed Quote.-46.09%
VOLKSWAGEN 0.00%End-of-day quote.0.00%
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Financials (EUR)
Sales 2019 15 516 M
EBIT 2019 908 M
Net income 2019 509 M
Debt 2019 1 475 M
Yield 2019 6,44%
P/E ratio 2019 13,8x
P/E ratio 2020 14,8x
EV / Sales2019 0,56x
EV / Sales2020 0,51x
Capitalization 7 153 M
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Mean consensus HOLD
Number of Analysts 1
Average target price 82,00  €
Last Close Price 47,68  €
Spread / Highest target 72,0%
Spread / Average Target 72,0%
Spread / Lowest Target 72,0%
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Managers
NameTitle
Joachim Gerhard Drees Chairman-Management Board & CEO
Andreas Hermann Renschler Chairman-Supervisory Board
Jan-Henrik Lafrentz Chief Financial Officer
Erich Schwarz Member-Supervisory Board
Angelika Pohlenz Member-Supervisory Board
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