kscarbel2 Posted August 1, 2016 Share Posted August 1, 2016 Dagens Industri / July 29, 2016 German truckmaker MAN, which competes with Volvo and Scania, expects that revenue for the full year 2016 will be "slightly" lower than last year's level, according to Bloomberg News. Operating income and operating margin is expected to be "significantly" higher than in 2015. For the first six months reports MAN operating profit excluding non-recurring items, improved to 286 million euros for the first six months (185). The adjusted operating margin was 4.4 percent. Net sales, however, decreased 4 percent to 6.5 billion euros (6.7) and new orders fell 1 percent in the half year and amounted to EUR 7.4 billion (7.5) during the six-month period. MAN Truck & Bus orders rose 3 percent to 5.25 billion euros in the first half revenues up 2 percent at EUR 4.4 billion. Operating profit rose to EUR 268 million (121) and the operating margin increased to 6.0 percent (2.8). Quote Link to comment Share on other sites More sharing options...
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