MAN SE / Final Results
15.02.2010 07:57
Dissemination 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.
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The MAN Group successfully closed the past year despite the global
financial and economic crisis. The Group's operating profit of EUR504
million (previous year: EUR1,729 million) led to a return on sales of 4.2
percent (previous year: 11.6 percent). The Power Engineering business area,
which comprises MAN Diesel and MAN Turbo as well as Renk, recorded an
operating profit of EUR566 million and an ROS of 13.3 percent. Operations
in the Commercial Vehicles business area, which comprises MAN Nutzfahrzeuge
and MAN Latin America, remained profitable in 2009, at EUR51 million.
Although the MAN Group's revenue was down by 20 percent year-on-year in
2009, it remained healthy at EUR12.0 billion (previous year: EUR14.9
billion). Order intake fell in all divisions due to economic developments.
MAN received orders worth EUR9.9 billion (previous year: EUR14.0 billion)
in 2009, 30 percent below the previous year.
The MAN Group's earnings before tax amounted to EUR-331 million in 2009
(previous year: EUR1,643 million). This figure includes the effects of the
purchase price allocation performed as part of the acquisition of MAN Latin
America, which amount to EUR-62 million since the acquisition at the end of
March. In addition, several nonrecurring items led to gains or losses in
2009 that also did not affect operating profit. Losses from nonrecurring
items totaled EUR656 million in 2009. The net interest expense amounted to
EUR117 million.
The MAN Group's loss for the period after tax was EUR258 million, down
EUR1,505 million on the prior-year figure (profit for the period of
EUR1,247 million). Earnings per share from continuing operations fell from
EUR7.76 to EUR-2.69. Earnings per share excluding losses from nonrecurring
items and effects of purchase price allocations amounted to EUR1.47
(previous year: EUR8.12).
In view of the economic environment, the Executive Board and Supervisory
Board of MAN SE will propose a dividend of EUR0.25 per share carrying
dividend rights to the Annual General Meeting (previous year: EUR2.00).
Business at MAN Nutzfahrzeuge is expected to remain at the current level in
2010. Business development should again be positive at MAN Latin America.
The Power Engineering business area, which includes MAN Diesel and MAN
Turbo, is expected to see a moderate decline in revenue, but its return on
sales should again exceed the 8.5 percent target.
MAN SE
The Executive Board
15.02.2010 07:57 Ad hoc announcement, Financial News and Media Release distributed by DGAP. Medienarchiv at |[![CDATA[|[a href="http://www.dgap-medientreff.de"|]www.dgap-medientreff.de|[/a|]]]|] and |[![CDATA[|[a href="http://www.dgap.de"|]www.dgap.de|[/a|]]]|]
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Language: English
Company: MAN SE
UngererstraÃe 69
80805 München
Deutschland
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, Frankfurt (Prime Standard),
Düsseldorf, München, Hannover, Stuttgart, Hamburg;
Terminbörse EUREX
End of News DGAP News-Service
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DGAP-Adhoc: MAN SE: MAN records a clear operating profit in a difficult 2009
| Quelle: EQS Group AG