Germany's MAN Q2 oper profit beats estimates


MUNICH, July 30 (Reuters) - German industrial group MAN reported that second-quarter operating profit rose 39 percent, beating even the most bullish of market expectations, thanks to surprisingly strong growth in all four divisions. MAN, which scrapped a hostile takeover bid for Swedish rival Scania early last year, reaffirmed its forecast for an operating profit margin of just under 12 percent amid a good 10 percent gain in sales. Quarterly operating profit gained to 562 million euros ...

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