MAN is the latest European truck manufacturer to report strong financial results.
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Order intakes were up 17% compared to a year earlier at EUR4.7bn. Orders in the first nine months are now up 19% compared to a year ago at EUR12bn.
Q3 sales were up 12% from EUR3.1bn to EUR3.5bn, bringing year-to-date sales to EUR10.3bn, also up 12%.
Operating profit jumped 36% to EUR378m, bringing operating profit for the first nine months to EUR1,099m, an increase of 46% over a year ago. As a consequence, return on sales (ROS) improved from 8.2% to 10.7%.
For the year as a whole MAN Group expects order intakes to rise over 10%. Sales are forecast at EUR15bn, up from EUR13bn a year ago. ROS for the full year is expected to match the Q£ figure of
10.7%, up from 8.5% in 2006.
According to Bloomberg, MAN experienced particularly strong sales growth in Russia and Poland in the third quarter. MAN opened the first west European truck plant in eastern Europe last month.
