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MAN SE Profit Rises as Europe, Brazil Truck Demand Gains
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MAN SE, Europe’s third-largest truckmaker, said first-quarter operating profit more than doubled on higher demand from freight transporters and construction companies.
Earnings before interest and tax gained to 325 million euros ($482 million) from 128 million euros a year earlier, Munich, Germany-based MAN said today in a statement. Sales climbed 19 percent to 3.7 billion euros.