Germany's MAN posts strong Q3, hikes 2007 targets

Newswire

FRANKFURT, Oct 31 (Reuters) - German industrial conglomerate MAN AG posted a forecast-beating 36 percent rise in operating profit for the third quarter and hiked its full-year targets for new orders, turnover and earnings on Wednesday. Growing transport needs boosted demand for heavy trucks and diesel engines, helping lift the group's quarterly operating profit to 378 million euros ($544.5 million), beating the average estimate of 356 million euros from a Reuters poll of 15 analysts. MAN ...

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