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.
- 1 BBC election debate: The one photo that summed up the whole 90-minute leaders debate
- 2 A bottle of wine a day is not bad for you and abstaining is worse than drinking, scientist claims
- 3 18th century sex toy found in 'toilet of sword fighting school' in Poland
- 4 'I wish my teacher knew...': Young students share their 'heartbreaking' worries in notes
- 5 Rebecca Francis accuses Ricky Gervais of using 'influence' to target female hunters after receiving barrage of death threats
General Election 2015: David Cameron catching up in polls – but he badly needs a clear lead
The Hubble Space Telescope's amazing journey 25 years on
South Africa xenophobic attacks: Shops looted and violence on streets of Johannesburg as foreigners are forced to hide in police stations
Earthworms rain down from skies over Norway, puzzling scientists
18th century sex toy found in 'toilet of sword fighting school' in Poland
The only black face in the Ukip manifesto is on the page about overseas aid
Ukip is the only main political party to not address LGBT rights in its manifesto
If I’m being racially abused I don’t need a white stranger with a saviour complex to rescue me
BBC election debate: The one photo that summed up the whole 90-minute leaders debate
Religion isn't growing, it is becoming vigorous in its demise, says philosopher AC Grayling
Russian warships in English Channel 'to conduct anti-aircraft and anti-submarine military drills'
iJobs Money & Business
£20000 - £25000 per annum + OTE £45,000: SThree: SThree Group have been well e...
£50000 - £667000 per annum + excellent benefits : Ashdown Group: IT Manager / ...
£13000 - £20000 per annum: Recruitment Genius: Scotland's leading life insuran...
£40000 - £45000 per annum + benefits : Ashdown Group: Training Programme Manag...