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TRUCKMAKERS' NEWS * Germany - MAN Q2 tops all forecasts, truck orders hit shares
Munich,Germany -Reuters, by Christiaan Hetzner -July 30 2008: -- German industrial group MAN AG posted a 39 percent rise in second-quarter operating profit on strong growth in all its main units, beating the most bullish forecasts, but falling truck orders unnerved the market... MAN kept its 2008 forecast for an operating profit margin of just under 12 percent amid a good 10 percent gain in sales... New orders fell 23 percent to 20,838 trucks in the quarter, but an improved mix helped cushion that blow to just a 6 percent drop in value to 2.36 billion euros, mainly due to Russian customers ordering high-priced long haulers...
Labels: truckmakers' news worldwide
posted by Unknown @ 11:41 AM
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