Annual Report Man Se
ANNUAL REPORT Engineering the Future – since 1758. MAN SE The MAN Group is one of Europe’s leading players in the commercial vehicle industry. It aims to offer innovative transportation solutions for its customers as well as generating profitable international growth and a sustained increase in its enterprise value. II MAN AT A GLANCE 2018 ORDER INTAKE INCREASED SHARPLY 13.9 € billion [ 2017: €12.4 billion ] SALES REVENUE SIGNIFICANTLY ABOVE THE PREVIOUS YEAR 12.1 € billion [ 2017: €11.1 billion ] SLIGHT DECLINE IN OPERATING PROFIT 332 € million [ 2017: €358 million ] DECLINE IN OPERATING RETURN ON SALES 2.7 percent [ 2017: 3.2% ] POSITIVE NET CASH FLOW +0.4 € billion [ 2017: €–0.3 billion ] III Group key figures (IFRSs) Change € million 2018 2017 in % Order intake 13,913 12,397 12% Germany 3,911 3,268 20% Other countries 10,002 9,129 9% Sales revenue 12,104 11,087 9% Germany 3,194 2,961 8% Other countries 8,910 8,126 10% Order backlog 1 3,770 3,000 26% Headcount 1 38,430 54,297 –29% Change Income statement in € million Operating profit 332 358 –26 Operating return on sales in % 2.7 3.2 –0.5 Profit before tax from continuing operations (EBT) 562 327 235 Profit after tax 686 321 365 Balance sheet Total assets 1 19,751 20,282 –531 Total equity 1 5,685 6,125 –440 Equity ratio in % 1 28.8 30.2 –1.4 Net financial debt 1 –3,051 –2,291 –760 Cash and cash equivalents 1 1,150 782 368 Cash flow Gross cash flow — continuing operations 1,435 1,132 304 Change in working capital — continuing operations –820 –829 9 Net cash used in investing activities attributable to operating activities –235 –628 393 Net cash flow — continuing operations 380 –326 706 Change Shares in € Earnings per share from continuing operations in € 2.97 1.06 1.90 Annual cash compensation payment/guaranteed dividend per share (in €) 2 5.10 5.10 – 1 As of December 31, 2018, vs.
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