MAN SE FY15 Profit, Orders Down; Sees Higher Profit, Lower Sales In FY16

German commercial vehicles maker Maschinenfabrik Augsburg-Nrnberg or MAN SE reported Friday a decline in fiscal 2015 profit, reflecting weak sales revenues. Orders also declined from last year. Looking ahead to fiscal 2016, the company expects significantly higher operating profit and operating return on sales, while sales will be slightly lower than last year.

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