Scandinavian Brake Systems A/S Reports Unaudited Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Provides Earnings Guidance for the Year 2015
For the six months, the company reported net revenue of DKK 426.0 million against DKK 566.0 million a year ago. Operating profit before depreciations (EBITDA) was DKK 32.3 million against DKK 42.7 million a year ago. Operating profit (EBIT) was DKK 24.7 million against DKK 34.6 million a year ago. Profit before tax was DKK 13.3 million against DKK 16.2 million a year ago. Profit after tax was DKK 9.1 million against DKK 11.4 million a year ago. Cash flows used in operating activities were DKK 40.7 million against DKK 80.0 million a year ago. Earnings per share basic were DKK 2.9 against DKK 3.5 per share a year ago. Book value per share negative was DKK 4.0 against DKK 24.4 per share a year ago.
For the year 2015, the company expects revenue of DKK 800 million to DKK 825 million against previously announced DKK 800 million to DKK 850 million and EBITDA recurring of DKK 47 million to DKK 52 million against previously announced DKK 45 million to DKK 55 million.