MAN sees certain growth in European blurb vehicles market

The blurb car and engineering actor MAN is saying a conspicuous liberation in a European blurb vehicles market. MAN Truck Bus perceived €7.4 billion in new orders in a initial 3 quarters, 9% above a prior-year period. “Demand in Europe saw a poignant miscarry following a customer hostility celebrated final year after a introduction of a Euro 6 glimmer standard,” pronounced Joachim Drees, Chief Executive Officer of MAN SE.

By contrast, MAN Latin America’s sequence intake halved to €0.9 billion in a initial 9 months on a behind of a substantial diminution in a marketplace sourroundings in Brazil. As a result, a blurb vehicles business perceived orders of €8.1 billion, a year-on-year diminution of 3%.

In a Power Engineering business area, sequence intake declined by approximately 8% year-on-year to €2.5 billion. MAN Diesel Turbo’s orders decreased by 11% to €2.2 billion. Order intake during Renk amounted to €374 million in a initial 9 months, adult on a prior-year figure of €321 million. The MAN Group’s sequence intake in a initial 3 buliding was €10.6 billion, down 5% on a prior-year period.

The MAN Group available sales income of approximately €10 billion in a initial 9 months of a mercantile year, down somewhat on a prior-year figure of €10.2 billion. The Commercial Vehicles business area available sales income of €7.2 billion. Sales income during MAN Truck Bus amounted to €6.5 billion, adult 9% year-on-year. MAN Latin America’s sales income declined in line with a sequence intake, dwindling from €1.7 billion in a initial 3 buliding of a before year to €0.9 billion in a initial 9 months of 2015. Sales income in a Power Engineering business area increasing to €2.8 billion in a stating period. At €2.4 billion, MAN Diesel Turbo’s sales income in a initial 9 months was adult 5% on a prior-year figure. Renk available sales income of €352 million, on a turn with a prior year.

MAN Truck Bus has launched a destiny expansion module to strengthen a company’s competitiveness for a prolonged term. The compared losses are reflected in a handling results: Excluding a restructuring expenses, Page 2/2 MAN Truck Bus’s handling distinction softened significantly in a initial 9 months, rising to €152 million, following an handling distinction of €88 million in a prior-year period; an alleviation of around 73%. Including a restructuring expenses, MAN Truck Bus generated an handling detriment of €18 million. MAN Latin America generated an handling detriment of €45 million in a stating period, compared with an handling distinction of €76 million in a duration from Jan to Sep 2014. This decrease is essentially due to sales revenue, that halved as opposite a prior-year period. This means that, including restructuring expenses, a Commercial Vehicles business area reported an handling detriment of €62 million. By contrast, handling distinction in a Power Engineering business area rose from €197 million to €227 million. MAN Diesel Turbo generated an handling distinction of €175 million, after €147 million in a prior year. This boost was due to a Engines Marine Systems vital business unit. Operating distinction during Renk amounted to €53 million in a stating period. Overall, a MAN Group generated an handling distinction of €101 million in a initial 3 buliding of mercantile year 2015.

MAN expects a slight year-on-year decrease in sales income for a stream mercantile year as a whole. Operating distinction will be significantly impacted, essentially by restructuring losses and a substantial diminution in a marketplace sourroundings in Brazil. The handling lapse on sales will some-more than separate year-on-year.