MAN aims for over 866 mln eur oper profit by 2007

Newswire

MUNICH, Feb 21 (Reuters) - German industrial group MAN AG aims to increase its annual operating profit to over 866 million euros ($1.03 billion) by 2007 in order to reach its rate of return targets, the company said on Tuesday. In a slide presentation to be given at the group's annual earnings news conference, MAN said reaching its 6 percent operating profit margin by 2007 corresponded to more than a 300 million euro improvement over the 566 million operating profit generated in 2004.

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