MAN Diesel braced for sales downturn
by
Katrin Berkenkopf
—
last modified
Feb 26, 2010 04:09 PM
MAN DIESEL expects sales to fall considerably this year due to the collapse of newbuilding orders. However, the engine manufacturer still expects return on sales to remain above the MAN group target of 8.5%.
In 2009, MAN Diesel recorded new orders worth €1.9bn (US$2.6bn), down from €3.1bn a year earlier. The figure included applications other than marine engines. For two-stroke engines alone, the number of orders fell by 80% year on year, parent MAN...
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