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 Munich – The MAN Group has started fiscal 2011 in a strong position. “MAN regained its strength in 2010. Profit in the operating business doubled. 2010 saw us record our success, thereby signaling our expertise and competitive strength,” said Dr. Georg Pachta-Reyhofen, CEO of MAN SE, at today’s Annual Press Conference in Munich. Together with an operating profit of €1.035 billion, return on sales rose year-on-year from 4.2 percent to 7.1 percent. The Commercial Vehicles business area posted an operating profit of €528 million and an ROS of 5.0 percent (0.7 percent).
The MAN Group is one of Europe’s leading industrial players in transport-related engineering, with revenue of approximately €14.7 billion in 2010. As a supplier of trucks, buses, diesel engines, turbo machinery, and special gear units, MAN employs approximately 47,700 people worldwide. Its business areas hold leading positions in their respective markets. MAN SE, Munich, is listed in the DAX (German Stock Index), which comprises Germany’s thirty leading stock corporations.
The MAN Group’s revenue climbed 22 percent to €14.7 billion, due in particular to the recovery in the Commercial Vehicles business. With revenue of €10.6 billion for the year, Commercial Vehicles saw its revenue rise 36 percent. Unit sales of commercial vehicles rose at the same time from 82,600 to 126,300. Revenue in the Power Engineering business area remained on a level with the previous year, at €4.2 billion (€4.3 billion).
The MAN Group expects the economic recovery to continue in 2011. The Commercial Vehicles business area is aiming for revenue growth of between 10 and 15 percent. Revenue in the Power Engineering business area can be expected to remain at the previous year’s level due to the slower recovery of the relevant markets, although return on sales is still set to be in the solid double-digit range. This means that the MAN Group is currently expected to see its revenue increase by between 7 and 10 percent and its return on sales rise by at least one percentage point. In the long term, both business areas will likely profit disproportionately from the strong growth in the emerging economies of the BRIC countries accompanied by an increasing demand for transportation and energy.
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