This is the best mid-year result in the group’s history. Compared to the same period in the previous year MAN Roland improved its operating result by €55 million to €48 million (previous year € –7 million) with return on sales reaching 5.2%.
In both the Web Press and Sheetfed Press businesses, a good order backlog will keep production facilities busy well into 2007 for the former, and for the next five months for the latter.
Based on this substantial order backlog and the good global economy, MAN Roland says it expects further growth in its volume of business in the 2006 fiscal year with very good operating results.
Meanwhile MAN AG has now completed the sale of MAN Roland Druckmaschinen AG to a company which it owns jointly with Allianz Capital Partners (ACP). For the purpose of the sale, the MAN Roland Group was valued at EUR 856 million and the purchase price was set at € 624 million.
With effect from 1 January 2006, the company in which MAN and ACP own a 35% and 65% share respectively assumed control of all of MAN Roland Druckmaschinen AG’s shares, business operations and subsidiaries, including existing liabilities.
The objective is to develop the company, which is the world’s second largest manufacturer of printing systems, so that it can be floated on the stock exchange in a few years’ time.