The MAN Group recalls at a challenging fiscal year in 2015: While the European commercial vehicles market recuperated, the situation in other areas-- especially Brazil-- and in the Power Engineering company area remains tense. Although the worldwide economy tape-recorded moderate growth, financial momentum in numerous emerging economies slowed further over the course of the year. Russia and Brazil remain to be of great concern. GUY Truck & Bus had the ability to keep its position in the vital business automobiles markets in Europe and to enhance its sales profits and sales. MAN Truck & Bus has launched a future development program developed to increase long-term competitiveness.

In the Middle East region, MAN Truck & Bus saw a stable business efficiency in 2015 with sustained development in client demand and client complete satisfaction. The positive efficiency comes on the back of a strong brand understanding, exceptional customer services and solid development for the transportation sector. The strong existence of MAN Truck & Bus through a substantial network of long term dedicated partners across the region offers MAN a clear edge moving into 2016.

According to Franz Freiherr von Redwitz, Managing Director of MAN Truck & Bus Middle East "Despite the year 2015 being difficult for all the sectors of the economy due to the oil prices which are the barometer of growth and advancement, we carried out at a steady level. We have kept and improved our general position in the Middle East area in 2015. This establishes an excellent platform for us and we will continue to offer our customers with ingenious and trustworthy products and the outstanding support from our valued suppliers to be their favored partner of choice in 2016.".

2015 Global Results.
At EUR14.4 billion, the MAN Group's order intake in financial 2015 was down 6 % year-on-year. In the Commercial Vehicles business area, it totaled up to EUR11.0 billion, 4 % lower than the previous year's figure. MAN Truck & Bus got 9 % more orders, while order intake at MAN Latin America decreased by majority.

At EUR13.7 billion, the MAN Group's sales revenue in financial 2015 was 4 % lower year-on-year. MALE Truck & Bus generated year-on-year growth of 7 %; sales profits amounted to EUR9.0 billion.

The MAN Group's operating revenue after restructuring costs was EUR92 million in monetary 2015. Operating revenue at the Commercial Vehicles business area dropped to EUR-- 101 million. MAN Truck & Bus tape-recorded an operating profit prior to special items of EUR205 million-- a considerable increase compared to the prior-year period. Unique products weighing on operating earnings related to restructuring expenses of EUR185 million for the future development program. This lowered MAN Truck & Bus's operating revenue to EUR20 million. MAN Latin America taped an operating loss of EUR120 million because of the lower volumes in Brazil and presented a multitude of procedures to counteract this trend. The MAN Group's operating return on sales decreased to 0.7 % in 2015 versus the background of unique items from restructuring expenses and the very hard economic environment in Brazil.

We have initiated or stepped up measures to increase profitability in all divisions. Our goal is to deliver significant results from optimized products and components, as well as procurement. Additionally, capital expenditures are being reviewed and workflows are being examined and enhanced. .The most essential new measure is the future growth program to enhance the long-term competitiveness of MAN Truck & Bus. The modifications introduced in the bus production network in 2014 have actually now largely been carried out. As MAN SE's Executive Board, we are encouraged that it was and stays the best decision to start pivotal procedures to secure the Company's future growth even in economically challenging times," states Joachim Drees, Chief Executive Officer of MAN SE.

In May 2015, Volkswagen AG's Supervisory Board authorized the development of Volkswagen Truck & Bus GmbH, a commercial cars holding. As part of this, MAN Truck & Bus, MAN Latin America, and Scania are working together more carefully while retaining their identities and complete functional responsibility. The new group aims to generate potential additional long-term operating profit synergies averaging at least 650 million a year. In light of the long product lifecycles in the commercial vehicles business, it will take ten to 15 years before these have been fully realized. For example, leveraged synergies in the areas of procurement and development are expected.