UPDATE 1-MAN hikes sales, earnings targets after strong Q1

Newswire

(Adds details, share price indication) MUNICH, April 25 (Reuters) - German industrial conglomerate MAN raised its forecast for 2008 revenue and profitability while reporting first-quarter results that soundly beat market expectations, thanks in part to cost savings. With all three manufacturing divisions reporting sharp improvements, group operating profit jumped 43 percent to 455 million euros ($716.9 million) -- far better than the average estimate of 397 million from a Reuters poll of ...

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