MANG.DE on Xetra

16 Mar 2018
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€-0.80 (-0.83%)
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Latest Key Developments (Source: Significant Developments)

MAN says kicks off restructuring of Diesel & Turbo
Tuesday, 27 Sep 2016 

MAN : Diesel & Turbo announces start of future strategy programme . Says under proposed plan each MAN site will specialise in more clearly defined area . Future programme aimed at improving results by over 450 million eur . Anticipates that around 1,400 staff will be affected by the planned measures . Says expect orders for new turbo engines to remain at their current low level also in the coming years Further company coverage: [MANG.DE] (Reporting By Georgina Prodhan) ((georgina.prodhan@thomsonreuters.com;)).  Full Article

MAN CEO says Diesel & Turbo environment remains tough
Wednesday, 15 Jun 2016 

MAN : CEO says 2016 market environment for Diesel & Turbo to remain difficult, sees Power Engineering orders flat . CEO says sold significantly more trucks and buses in Q1 than year ago . CEO reiterates 2016 group sales to be slightly lower, operating profit significantly higher . CEO reiterates Truck and Bus unit to significantly improve profit by end-2017 Further company coverage: [MANG.DE] (Reporting By Georgina Prodhan) ((georgina.prodhan@thomsonreuters.com;)).  Full Article

UPDATE 2-British hedge fund Man Group assets rise 35 pct in 2017

* Adjusted pretax profit $384 mln, up from $205 mln in 2016 (Adds share rise, further detail)