DGAP-Adhoc: MAN AG: MAN Group in Q2 2008: Strong net sales and earnings growth

 | Source: EQS Group AG EQS Group AG 

MAN AG / Quarter Results/Half Year Results

30.07.2008 

Release of a Adhoc News, 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 is continuing to grow in its anniversary year. At EUR10.3
billion, the MAN Group's orders in the first six months increased by 8%
compared with the previous year (EUR9.6 billion). The order backlog, which
has risen to a new record level of EUR16.5 billion since the beginning of
the year (+12%), will continue to ensure extremely high capacity
utilization at the Group's production facilities into 2009.

The MAN Group's net sales rose by 20% in the first half of the year to
EUR8.1 billion (previous year: EUR6.8 billion). All business areas recorded
double-digit net sales growth.

At EUR1,017 million (+41%), the Group's operating profit exceeded the one
billion mark for the first time after the first six months. Operating
profit increased by EUR159 million in the second quarter from EUR403
million to EUR562 million (+39%). As a result, the return on sales improved
from 10.7% in the prior-year period to 12.6% in the first half of 2008.
Excluding the Scania dividend, the return on sales climbed to 11.9%.

The MAN Group's earnings before taxes including nonrecurring income
improved to EUR1,080 million in the first half of the year (EUR935
million). Its net income rose to EUR768 million (EUR668 million). Earnings
per share from continuing operations reached EUR5.18 (EUR4.47). Even
excluding nonrecurring income, this item increased sharply to EUR4.75
compared with EUR3.55 in the prior-year period.

For all of this year the MAN Group expects a normalization of order intake,
net sales to increase by a good 10% as against 2007 (EUR15.5 billion), and
a return on sales of just under 12%.

MAN Aktiengesellschaft
The Executive Board
DGAP 30.07.2008 
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Language:     English
Issuer:       MAN AG
              Landsberger Str. 110
              80339 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),
              Hannover, Düsseldorf, Stuttgart, München, Hamburg;
              Terminbörse EUREX
End of News                                     DGAP News-Service
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