Key Developments: Man SE (MANG.DE)

MANG.DE on Xetra

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Latest Key Developments (Source: Significant Developments)

MAN SE reaffirms FY 2014 guidance - Conference Call
Monday, 5 May 2014 12:30pm EDT 

MAN SE:Confirms FY 2014 sales revenue is likely to be down slightly on the prior FY 2013.Expects to see a significant increase in operating profit for FY 2014.Reported revenue of 15.664 bln euros and operating profit of 475 mln euros in FY 2013.FY 2014 operating profit of 882 mln euros - Thomson Reuters I/B/E/S.  Full Article

MAN SE claims for damages against former Executive Board members including Klaus Stahlmann
Wednesday, 16 Apr 2014 11:55pm EDT 

MAN SE:Board makes claim for damages in millions against its former member Klaus Stahlmann.This is due to investigation into bribery by Munich prosecution in 2009.Stahlmann was CEO of MAN Diesel and Turbo, from 2010 to 2011.MAN estimated damage from investigation for bribery to 250 million euros, including fine over 150 million.Therefore company requests from dozen former executives - including Stahlmann, so-called contribution in millions.It is called demand per squad of up to 1.25 million euros.  Full Article

MAN SE to propose FY 2013 dividend and issues FY 2014 outlook; FY 2014 revenue outlook below analysts' estimates
Thursday, 13 Mar 2014 08:00pm EDT 

MAN SE:To propose dividend of 0.14 euro per share for FY 2013 (FY 2012: 1.00 euro).Expects to see revenue slightly below previous year but significantly higher operating profit in FY 2014.FY 2013 revenue of 15.7 billion euros.FY 2013 operating profit of 475 million euros.FY 2014 revenue estimate 16.329 billion euros - Thomson Reuters I/B/E/S.FY 2014 EBIT estimate 992.85 million euros - Thomson Reuters I/B/E/S.  Full Article

French court rejects Alstom and MAN SE's challenge of EDF tender-Reuters
Thursday, 20 Feb 2014 07:00pm EST 

Alstom SA:Court rejects Alstom's lawsuit against Electricite de France SA (EDF) for being excluded from tender for back-up diesel engines for the utility's nuclear plants-Reuters.Alstom and its German partner MAN SE filed a legal challenge at the end of Dec. 2013.  Full Article

MAN SE Reaffirms FY 2013 Guidance - Conference Call
Tuesday, 29 Oct 2013 09:30am EDT 

MAN SE announced that for fiscal 2013, it is confirming outlook and continue to expect revenue on a level with the previous year and a pronounced decline in operating profit. The Company reported revenue of EUR15.772 billion and operating profit of EUR854 million in fiscal 2012. According to I/B/E/S Estimates, analysts on average are expecting the Company to report revenue of EUR15.748 billion and operating profit of EUR263 million for fiscal 2013.  Full Article

Opcon AB Signs Agreement for Continuation of Cooperation with MAN SE's MAN Diesel & Turbo SE
Monday, 21 Oct 2013 03:23am EDT 

Opcon AB announced that it has signed an agreement for the continuation, development and deepening of the ongoing co-operation with MAN SE's MAN Diesel & Turbo SE. With the experiences from the two first Opcon Powerbox reference installations, now in operation with a two-stroke MAN B&W 8S60ME-C8 engine aboard a vessel owned by Wallenius, Opcon and MAN Diesel & Turbo have agreed to deepen their co-operation. The agreement is a next step in the co-operation that the parties embarked on in 2011 and aim to exploit the possibilities arising from the merging of Opcon's waste-heat -recovery (WHR) technology, Opcon Powerbox with MAN Diesel & Turbo's diesel engines for cutting fuel consumption and reducing emissions.  Full Article

Rheinmetall AG, MAN SE JV Receives EUR1.1 Billion Order In Australia-DJ
Tuesday, 23 Jul 2013 03:48am EDT 

Dow Jones reported that Rheinmetall AG said its joint venture with MAN SE has received a order to supply military trucks to the Australian Defence Force. The order received by Rheinmetall MAN Military Vehicles GmbH, a joint venture of Rheinmetall AG and MAN SE's Truck & Bus unit, is worth EUR1.1 billion ($1.45 billion). Under a far-reaching modernization program, the Australian Defence Force is buying around 2500 protected and non-protected logistical vehicles. Rheinmetall MAN Military Vehicles Australia will supply medium and heavyweight recovery vehicles, heavy-duty logistical vehicles, integrated load handling systems as well as medium-sized cargo bed variants with cranes, fuel and water modules and tipper bodies. The first vehicles will be delivered in 2016, with the contract due for completion in 2020.  Full Article

MAN SE Receives Orders Totaling EUR100 Million From China, Japan-DJ
Tuesday, 16 Jul 2013 05:23am EDT 

Dow Jones reported that MAN SE will supply a total of 35 engines for liquefied natural gas carriers to China and Japan. The two orders total around EUR100 million ($130 million), but MAN didn't break down the financial information further. MAN's diesel unit, MAN Diesel & Turbo, will supply 30 dual-fuel engines to a consortium in China. It will also supply five duel-fuel engines for a liquefied natural gas carrier being built by Kawasaki Heavy Industries Ltd. in Japan.  Full Article

MAN SE Issues FY 2013 Guidance Below Analysts' Estimates-Conference Call
Friday, 8 Feb 2013 01:30pm EST 

MAN SE announced that for fiscal 2013, it expects slight decline in revenue, and it is proportionately larger drop in operating profit. The Company reported revenue of EUR15.772 billion and operating profit of EUR854 million in fiscal 2012. According to I/B/E/S Estimates, analysts on average are expecting the Company to report revenue of EUR16.227 billion and operating profit of EUR931 million for fiscal 2013.  Full Article

Volkswagen AG Seeks Full Control Over MAN SE-Reuters
Wednesday, 9 Jan 2013 01:37pm EST 

Reuters reported that Volkswagen AG said it wished to take full control over the Munich-based truck maker, MAN SE Volkswagen said would now seek a domination and profit and loss transfer agreement, a move to give it full strategic and financial control over MAN, in which it has a 75.03% stake. Based on the closing price on Xetra DAX the remaining shares would cost Volkswagen at least EUR2.96 billion ($3.86 billion). The EUR90 share price in Frankfurt reflects a EUR3.17 billion price tag. A domination and profit transfer agreement requires 75% of shares and gives the acquirer access to the liquidity of the Company it bought. A Volkswagen spokeswoman said that the next step would be an offer to MAN shareholders. NordLB analyst Frank Schwope said he expected Volkswagen to aim for between 95-99% of MAN shares. 35.2 million MAN shares are not owned by Volkswagen.  Full Article

UPDATE 2-Man Group says in talks to buy Numeric

* Boston-based Numeric has been up for sale since early 2013

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