Need to Increase Provisions for Diesel Power Plants
Quarterly Results Q1 2013
The Executive Board of MAN Diesel & Turbo SE has engaged an audit firm to analyze possible risks in connection with a large order to construct turnkey diesel power plants. Based on a status report by the engaged auditors, the Executive Board of MAN SE currently assumes that, in addition to the provisions already in place, provisions in the amount of approximately EUR 140 million are required, which puts a strain on the Q1/2013 Operating Profit. A completion of the analysis is expected this summer. Therefore, it is not possible at this point in time to anticipate to which extent additional risks will be identified in the course of the analysis.