Scandinavian Brake Systems A/S announced preliminary consolidated earnings results for the year of 2014. For the year, the company reported operating profits before depreciations (EBITDA) totaled DKK 112 million as against DKK 71 million in 2013. Pre-tax profit increased to DKK 88 million against DKK 14 million in 2013. Profit after tax was DKK 62 million. Consolidated EBITDA is positively affected by DKK 66 million. EBITDA including profit from the transaction amounts to DKK 132 million against an expectation of DKK 125 million to 135 million. Consolidated revenue totaled DKK 1,014 million as against DKK 1,037 million in 2013, representing a decline of 2%. The de-cline is attributable to the SBS Automotive division. The remaining business areas, SBS Friction and Notox, were progressing. In 2014 the total interest-bearing debt was reduced by DKK 190 million to DKK 441 million.

For 2015, the group expects revenue growth of 3% to 8% in the group's continuing business areas and thus consolidated revenue of DKK 800 million to DKK 850 million and EBITDA recurring of DKK 45 million to DKK 55 million.