MAN SE suffered full-year deficit for 2016

Slow growth in the global economy caused problems for MAN SE in 2016, which resulted in a combined deficit. The company anticipates challenging business conditions in the foreseeable future.

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The global economy once again noted slow growth in 2016 in a year characterized by economic and political crises, notes MAN SE's Chief Exec Joachim Drees in the annual report from the German group after the company which, among other activities, supplies engines and equipment to the shipping sector, finished 2016 with an overall deficit.

"As expected, this made for a challenging business environment for us in the year under review – and this will not change in the foreseeable future," says the CEO.

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