Scandinavian Brake Systems A/S reported unaudited earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported revenue of DKK 295.8 million against DKK 294.5 million a year ago. Operating profit or loss before depreciations was DKK 27.5 million against DKK 23.5 million a year ago. Operating profit was DKK 23.2 million against DKK 19.6 million a year ago. Pre-tax profit from continuing operations was DKK 15.9 million against DKK 12.2 million a year ago. Net profit was DKK 8.7 million against DKK 2.7 million a year ago. Cash flow from operations was DKK 6.5 million against DKK 47 million a year ago. Total cash flow was DKK 0.1 million.

For the six months, the company reported revenue of DKK 561.2 million against DKK 535.5 million a year ago. Operating profit or loss before depreciations was DKK 45.2 million against DKK 40.4 million a year ago. Operating profit was DKK 37.2 million against DKK 32.4 million a year ago. Pre-tax profit from continuing operations was DKK 23.1 million against DKK 16.2 million a year ago. Net profit was DKK 11.4 million against DKK 3.5 million a year ago. Negative cash flow from operations was DKK 68.3 million against cash flow from operations of DKK 40.1 million a year ago. As on date, book value per share was DKK 24.4 against DKK 26.9 per share a year ago. Total cash flow was DKK 0.2million.

For 2014, the group still expects turnover to be around DKK 1,000-1,100 million and EBITDA to be around DKK 75-85 million for continuing operations.