MAN GB ahead of its budget

MAN Roland GB is ahead of its budget this year after posting a profit of 700,000 in Q2 of 2005.

MAN Roland GB marketing director Murray Lock said all areas of the business grew last year but added that there was "a long way to go".

"We see opportunities in the market but we are realistic," he said. "There are those in the market that want to sell their way out of trouble but we do not think that is a strategy that will win in the end."

MAN Roland's worldwide figures for Q2 showed a loss of 4.7m (7m) compared to a 16.3m loss in the same period last year.

Sales improved over the quarter with the printing systems division posting 514m, an increase of 11%.

Order intake in the division also improved by 41% to around 800m.

"The measures we have taken to improve our efficiency give us a strong platform for reaching our goals," said MAN Roland chief executive Gerd Finkbeiner.

Story by Philip Chadwick