Profits hit pounds 122m at Mannesmann
Tuesday 22 August 1995
Communications, machinery and vehicle engineering all contributed to the strong growth and the group forecast that orders and sales in 1995 would exceed last year's levels.
Mannesmann said it invested DM1.154bn in the period, 17 per cent higher than a year earlier. Most of it went into the machinery, telecommunications and vehicle technology divisions.
The company said the telecommunications division would continue to grow strongly, powered by the growth of D2, Mannesmann Mobilfunk's mobile communications network. First-half orders in this division rose 61 per cent to DM1.186bn, while machinery orders declined 1 per cent to DM8.054bn.
Mannesmann said that only the electrical and trading divisions sustained a loss in the first half. The company said the electrical division achieved most of its sales and earnings in the second half of the year.
However, start-up costs arose at Communications Network International - which is building an advanced telecommunications system for big customers - and at Autocom, which is developing a radio-controlled traffic routing system.
Mannesmann said that the total number of employees stood at 131,577 at end-June, up 5,104, largely as a result of the consolidation and acquisition of new companies.
Within Germany, staff numbers rose 2 per cent to 87,400; outside Germany, they were up 9 per cent at 44,200.
International Women's Day 2014: The shocking statistics that show why it is still so important
Feminist quotes to inspire you on the International Women's Day
Oscar Pistorius trial: Case turns into a bizarre safari following the tracks of a wounded lion
Belle Knox: How the porn star student from Duke University became bigger than Justin Bieber
Liam Neeson on death of wife Natasha Richardson: ‘When I hear the door opening, I still think I’m going to hear her’
Apple's Tim Cook: Business isn’t just about making profit
Thousands of young people forced to go without food after benefits wrongly stopped under 'draconian' new sanctions regime
Ukraine crisis: New navy chief 'defects' and surrenders Crimean HQ as Putin claims ultranationalists forced intervention
Britain's top vet sparks controversy with call for ban on slashing animals' throats in 'ritual' slaughters for halal and kosher meat products
Ukraine crisis: Russia dismisses '3am ultimatum' as 'total nonsense'
If you're horrified by a flame-roasted dog, you should be shocked at a hog roast
- 1 Saudi preacher who 'raped and tortured' his five -year-old daughter to death is released after paying 'blood money'
- 2 Academy members voted for Oscar-winning 12 Years A Slave 'without watching it'
- 3 Orgasm machine to deliver climax at the push of a button
- 4 Liam Neeson turned down James Bond role to marry Natasha Richardson
- 5 Livr: A social network only for drunk people
iJobs Money & Business
£12000 per annum: Inspiring Interns: The company works with Tier 1 FTSE 100 Ba...
£32000 - £36000 per annum + generous benefits: Pro-Recruitment Group: * TAX * ...
£37000 - £40000 per annum + £20000 benefits package: Pro-Recruitment Group: **...
£30000 - £35000 per annum + generous benefits: Pro-Recruitment Group: Mixed Ta...