MAN Roland Achieves Its Turnaround Goal
WESTMONT, Ill.—The Printing Systems Division of MAN AG, parent of MAN Roland Inc., raised its operating profits to $3.9 million in 2004, representing a $38 million gain over the previous year.
In a recently released report to investors, MAN AG indicated that the year-end figures signify the division's return to the growth track. "Printing Systems achieved an operating turnaround," the report stated. "The highly profitable web-fed sector and the sheetfed presses, which were able to reduce their losses, both contributed equally to this improved performance."