DGAP-Adhoc: MAN SE: MAN SE Executive Board issues forecast for the MAN Group for fiscal year 2020
Source: EQS
DGAP-Ad-hoc: The Executive Board of Unit sales at MAN Truck & Bus are expected to decline sharply, with sales revenue down substantially on the prior-year figure. In spite of efforts to reduce costs, an operating loss of between The reason for the ranges given lies in the risk of renewed substantial restrictions on economic activity as a result of rising COVID-19 cases until the end of 2020. In addition, this expectation is based on the effects of the sharp decline in unit sales accompanied by a temporary production stop, the decrease in the After Sales business, a negative impact on the used vehicle business, as well as costs related to the introduction of the new truck generation at MAN Truck & Bus. Unit sales at MAN The projected operating loss and operating return on sales do not contain any expenses for the realignment of MAN Truck & Bus announced on Contact: Dr. Martin Gstaltmeyr
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Language: | English |
Company: | |
Dachauer Str. 641 | |
80995 München | |
Phone: | +49 (0)89 360 98-0 |
Fax: | +49 (0)89 360 98-572 |
E-mail: | investor.relations@man.eu |
Internet: | www.corporate.man.eu |
ISIN: | DE0005937007, DE0005937031 |
WKN: | 593700, 593703 |
Listed: | Regulated Market in |
EQS News ID: | 1143786 |
End of Announcement |
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1143786 28-Oct-