Scandinavian Brake Systems A/S reported group earnings results for the first quarter ended March 31, 2014. For the quarter, the company reported net turnover of DKK 265.4 million against DKK 241.1 million a year ago. Operating profit before depreciations and amortization (EBITDA) was DKK 17.7 million against DKK 16.9 million a year ago. Operating profit before interest and tax (EBIT) was DKK 13.9 million against DKK 12.8 million a year ago. Profit from continuing operations before tax was DKK 7.1 million against DKK 4.0 million a year ago. Profit (after tax) was DKK 2.7 million against DKK 0.8 million a year ago. Cash flow used in operations (continuing operations) was DKK 74.7 million against DKK 6.9 million a year ago. Basic earnings per share were DKK 0.8 against DKK 0.2 a year ago. Negative book value per share was DKK 27.1 against DKK 28.1 a year ago.


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