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MAN boosted by engine division in tough 2014

Germany's MAN noted a small improvement in the operating result for 2014, a year in which orders declined. The improvement is especially attributed to Power Engineering, where more new ships in the first half of the year helped the engine division MAN Diesel & Turbo.

Photo: MAN Diesel & Turbo

Orders declined at German engine manufacturer MAN in 2014, according to the annual report. Specifically, the orders dropped five percent, to EUR 13.5 billion, from EUR 16.2 billion in 2013, and management describes the year as difficult.

Revenue decreased ten percent, though the supplier managed to improve its operating result to EUR 384 million, compared EUR 309 million the year before.

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