Scandinavian Brake Systems A/S reported unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported net revenue of DKK 196.2 million against DKK 266.8 million a year ago. Operational profit before depreciations, amortization, impairment losses and special items (EBITDA) was DKK 11.5 against DKK 16.6 million a year ago. Operating profit (EBIT) was DKK 7.7 million against DKK 12.8 million a year ago. Financial items, net were negative DKK 6.2 million against DKK 7.6 million a year ago. Profit before tax was DKK 1.5 million against DKK 3.9 million a year ago. Profit (after skat) was DKK 1.0 million against DKK 2.7 million a year ago. Cash flows used in operating activities were DKK 51.7 million against DKK 72.4 million a year ago. Net interest-bearing debt including subordinate loan capital was DKK 494.7 million against DKK 709.3 million a year ago. Basic earnings per share were DKK 0.3 against DKK 0.8 a year ago. Book value per share was negative DKK 5.4 against DKK 27.1 a year ago.

The group expects revenue growth for 2015 for its continuing business areas of 3% to 8% and thereby revenue of approx. DKK 800 million to DKK 850 million and EBITDA recurring of DKK 45 million to DKK 55 million.