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    MAN   DE0005937007

MAN SE

(MAN)
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MAN Truck & Bus Resumes Plans to Close Austrian Site

04/08/2021 | 06:16am EDT

By Kim Richters

MAN SE said Thursday that its MAN Truck & Bus business is resuming plans to close a plant in Steyr, Austria, after most of the site's employees voted against a takeover by WSA Beteiligungs GmbH.

Martin Rabe, chief HR officer at MAN Truck & Bus, said the outcome was disappointing.

"Unfortunately, there was obviously still too little transparency within the workforce about the really good concept of WSA Beteiligungs GmbH," he said.

The site's review was announced as part of the German company's restructuring of its trucks-and-bus business in 2020, which includes cutting 9,500 jobs.

Write to Kim Richters at kim.richters@wsj.com

(END) Dow Jones Newswires

04-08-21 0615ET

Stocks mentioned in the article
ChangeLast1st jan.
MAN SE 1.26% 56.3 Delayed Quote.31.54%
TRATON SE 3.29% 23.88 Delayed Quote.5.64%
VOLKSWAGEN AG 2.85% 245.05 Delayed Quote.60.77%
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Financials
Sales 2020 10 838 M 12 987 M 12 987 M
Net income 2020 -432 M -518 M -518 M
Net Debt 2020 2 308 M 2 766 M 2 766 M
P/E ratio 2020 -14,6x
Yield 2020 0,26%
Capitalization 8 267 M 9 903 M 9 907 M
EV / Sales 2019 0,69x
EV / Sales 2020 0,79x
Nbr of Employees 36 569
Free-Float 9,23%
Chart MAN SE
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MAN SE Technical Analysis Chart | MarketScreener
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Technical analysis trends MAN SE
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TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
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Mean consensus HOLD
Number of Analysts 1
Average target price 82,00 €
Last Close Price 56,30 €
Spread / Highest target 45,6%
Spread / Average Target 45,6%
Spread / Lowest Target 45,6%
Managers and Directors
NameTitle
Andreas Tostmann Chairman-Executive Board
Christian Schenk Head-Finance
Martin Rabe Head-Human Resources & Information Technology
Angelika Pohlenz Independent Member-Supervisory Board
Ekkehard D. Schulz Second Deputy Chairman-Supervisory Board
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