Log in
Show password
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Dynamic quotes 
  1. Homepage
  2. Equities
  3. Germany
  4. Xetra
  5. MAN SE
  6. News
  7. Summary
    MAN   DE0005937007


SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

MAN : publishes its 2021 Half-Year Report

07/28/2021 | 11:47am EDT


* Very strong growth in incoming orders, unit sales, and sales revenue - forecast continues to apply

* The MAN Group - comprising the MAN Truck & Bus and MAN Latin America divisions - can look back on a positive first half of fiscal year 2021.

* At EUR8.1 billion (previous year: EUR5.4 billion), the MAN Group's incoming orders were up on the prior-year figure by around 50%.

* Unit sales in the MAN Group rose by 63% to 77,238 (previous year: 47,301) vehicles.

* The Company generated sales revenue of EUR6.4 billion in the first six months of 2021, EUR1.7 billion higher than in the prior-year period.

'The very strong growth was attributable primarily to the new and used vehicle business, especially trucks. We also recorded significant growth rates in the After Sales business,' explains Andreas Tostmann, Chief Executive Officer of MAN SE.

The MAN Group closed the first half of 2021 with an operating loss of EUR456 million (previous year: operating loss of EUR423 million). Adjusted for expenses in connection with the repositioning of MAN Truck & Bus, the MAN Group recorded an operating profit of EUR216 million in the first six months of the year.

The MAN Group's operating return on sales was - 7.1% (previous year: - 9.1%). Excluding the negative impact of the repositioning of MAN Truck & Bus, the MAN Group recorded an operating return on sales of 3.4% in the first half of the year.

Assuming that, among other things, the further course of the COVID-19 pandemic will not lead to any additional negative business impact in the course of the year and in light of the Company's performance in the first half of 2021, the Executive Board of MAN SE currently assumes that the forecast published with the 2020 Annual Report will continue to apply.

(C) 2021 Electronic News Publishing, source ENP Newswire

Stocks mentioned in the article
ChangeLast1st jan.
MAN SE 0.14% 74 End-of-day quote.72.90%
VOLKSWAGEN AG -0.84% 192.18 Delayed Quote.26.94%
All news about MAN SE
09/03MAN SE(XTRA : MAN) dropped from S&P Global BMI Index
08/31Traton SE completed the acquisition of remaining 5.6% stake in MAN SE.
07/28MAN : publishes its 2021 Half-Year Report
07/28Man Se Reports Earnings Results for the Half Year Ended June 30, 2021
07/22MAN SE : Preliminary announcement of the publication of financial reports accord..
06/30MAN Annual General Meeting votes on squeeze-out; Minority shareholders to rec..
06/30MAN SE : Ex-dividend day for final dividend
05/24Hyundai raises hydrogen game as new trucks roll into Europe
05/10VW's Traton Proposes Squeeze Out to Gain Full Control of MAN
05/10TRATON : Offers To Buy Remaining MAN Shares In Squeeze-Out
More news
Analyst Recommendations on MAN SE
More recommendations
Sales 2020 10 838 M 12 761 M 12 761 M
Net income 2020 -432 M -509 M -509 M
Net Debt 2020 2 308 M 2 718 M 2 718 M
P/E ratio 2020 -14,6x
Yield 2020 0,26%
Capitalization 10 432 M 12 352 M 12 283 M
EV / Sales 2019 0,69x
EV / Sales 2020 0,79x
Nbr of Employees 38 486
Free-Float 9,53%
Chart MAN SE
Duration : Period :
MAN SE Technical Analysis Chart | MarketScreener
Full-screen chart
Income Statement Evolution
Managers and Directors
Andreas Tostmann Chief Executive Officer
Christian Schenk Chief Financial Officer
Matthias Grundler Chairman-Supervisory Board
Michael Behrendt Independent Member-Supervisory Board
Julia Kuhn-Piëch Member-Supervisory Board
Sector and Competitors
1st jan.Capi. (M$)
MAN SE72.90%12 352
PACCAR, INC.-4.45%28 621
EPIROC AB (PUBL)156.13%25 490
KOMATSU LTD.1.06%24 541