Scandinavian Brake Systems A/S

Equities

SBS

DK0060042612

Auto, Truck & Motorcycle Parts

Market Closed - Nasdaq Copenhagen Other stock markets 04:55:05 2024-05-27 EDT			5-day change	1st Jan Change
12.15 ^DKK	+0.41%		0.00%	-9.33%

2023	Scandinavian Brake Systems A/S Reports Earnings Results for the Half Year Ended June 30, 2023	CI
2023	Scandinavian Brake Systems A/S Reports Earnings Results for the Full Year Ended December 31, 2022	CI

07/01: SBS Group completes sale of SBS Friction NO. 01 (PDF)

January 07, 2021 at 10:56 am

NASDAQ Copenhagen A/S

7 January 2021

STOCK MARKET ANNOUNCEMENT NO. 01-2021

SBS GROUP COMPLETES SALE OF SBS FRICTION

Effective today, 7 January 2021, Scandinavian Brake Systems A/S ("SBS Group") has completed the previously announced divestment of the division SBS Friction A/S to Italian Brembo. As a result of the divestment, the employee-elected board members Jan B. Pedersen and Niels Christian Jørgensen will leave the board of the SBS Group.

The sales agreement was entered into and announced on 17 November 2020 in stock market announcement no. 7/2020. The divestment was subject to approval at an extraordinary general meeting in SBS Group as well as usual closing conditions. All conditions have now been met.

The total sales price for the company SBS Friction A/S and the headquarters and production facility in Svendborg is, as previously announced, DKK 300 million (enterprise value) of which DKK 224 million is paid in cash, while the balance is comprised of liabilities taken over by Brembo. The proceeds from the divestment will be used to reduce SBS Group's interest-bearing debt. Reduction of the interest-bearing debt remains a focus area for SBS Group.

Additional information:

Chairman of the Board of Directors Peter Eriksen Jensen, tel. +45 6321 1515 (via executive secretary Jytte Knudsen) CEO Mads Bonde, tel. +45 6321 1515, e-mail:mb@sbs.dk

Stock market announcement no. 01-2021

Page 1

Attachments

Original document
Permalink

Disclaimer

SBS - Scandinavian Brake Systems A/S published this content on 07 January 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 07 January 2021 15:55:01 UTC

Latest news about Scandinavian Brake Systems A/S

Scandinavian Brake Systems A/S Reports Earnings Results for the Half Year Ended June 30, 2023	23-08-24	CI
Scandinavian Brake Systems A/S Reports Earnings Results for the Full Year Ended December 31, 2022	23-02-28	CI
Scandinavian Brake Systems A/S Reports Earnings Results for the Half Year Ended June 30, 2022	22-07-29	CI
Scandinavian Brake Systems A/S Reports Earnings Results for the Full Year Ended December 31, 2021	22-04-06	CI
Scandinavian Brake Systems A/S Reports Earnings Results for the Half Year Ended June 30, 2021	21-08-26	CI
BORG Automotive A/S entered into an agreement to acquire SBS Automotive A/S from Scandinavian Brake Systems A/S.	21-05-04	CI
Scandinavian Brake Systems A/S Reports Earnings Results for the Full Year Ended December 31, 2020	21-04-07	CI
Brembo S.p.A. completed the acquisition of Sbs Friction A/s from Scandinavian Brake Systems A/S.	21-01-06	CI
Brembo S.p.A. entered into an agreement to acquire Sbs Friction A/s from Scandinavian Brake Systems A/S at an enterprise value of €40.3 million.	20-11-16	CI
Scandinavian Brake Systems A/S Announces Unaudited Group Earnings Results for the Six Months Ended 30 June 2017	17-08-30	CI
Scandinavian Brake Systems A/S Announces Earnings Results for the Full Year Ended December 31, 2016; Provides Earnings Guidance for Full Year of 2017	17-03-26	CI
Landson Emission Technologies A/S acquired Notox A/S from Scandinavian Brake Systems A/S for DKK 30 million.	16-09-14	CI
Scandinavian Brake Systems A/S Announces Unaudited Group Earnings Results for the Six Months Ended 30 June 2016	16-09-03	CI
Scandinavian Brake Systems A/S Reports Earnings Results for 2015; Provides Earnings Guidance for Fiscal 2016	16-03-28	CI
SBS Seeks To Sell Notox Assets	16-03-16	CI
Scandinavian Brake Systems A/S Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2015; Provides Earnings Guidance for the Year 2015	15-11-26	CI
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	15-08-20	CI
Scandinavian Brake Systems A/S Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015; Provides Earnings Guidance for the full year of 2015	15-04-23	CI
Scandinavian Brake Systems A/S Announces Preliminary Consolidated Earnings Results for the Year of 2014; Provides Earnings Guidance for the Year of 2015	15-03-23	CI
Scandinavian Brake Systems A/S Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014; Revises Earnings Guidance for the Year of 2014	14-11-27	CI
FTE automotive GmbH completed the acquisition of remaining 51% stake in remanufacturing production of brake calipers business from Scandinavian Brake Systems A/S.	14-10-31	CI
FTE automotive GmbH signed an agreement to acquire remaining 51% stake in remanufacturing production of brake calipers business from Scandinavian Brake Systems A/S for approximately DKK 210 million.	14-09-01	CI
Scandinavian Brake Systems A/S Reports Unaudited Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Provides Earnings Guidance for the Full Year 2014	14-08-27	CI
Scandinavian Brake Systems A/S Reports Group Earnings Results for the First Quarter Ended March 31, 2014; Provides Earnings Guidance for the Year 2014	14-04-27	CI
Scandinavian Brake Systems A/S Reports Earnings Results for the Year 2013; Provides Earnings Guidance for the Year 2014	14-03-27	CI

Chart Scandinavian Brake Systems A/S

Duration

Period

More charts

Company Profile

Scandinavian Brake Systems A/S (SBS) is a Denmark-based company engaged in the manufacture of industrial and automotive parts. The Companyâs activities are divided into three divisions: SBS Automotive, which produces, remanufactures and distributes brake parts and related wear parts for the automotive aftermarket; SBS Friction, which is responsible for the development, manufacturing and distribution of brake components and friction materials for motorcycles and related vehicles, as well as for wind turbines and other specialized areas; and Notox, offering the production and sale of filters, which reduce particle emission from diesel motors. It operates primarily within the European market. Furthermore, the Company is a parent of SBS Automotive A/S, SBS Deutschland GmbH, SBS Friction A/S and Notox Holding A/S.

Sector

Auto, Truck & Motorcycle Parts

Calendar

2024-08-28 - Q2 2024 Earnings Release (Projected)

More about the company

Income Statement Evolution

More financial data

Sector Other Auto, Truck & Motorcycle Parts

	1st Jan change	Capi.
SCANDINAVIAN BRAKE SYSTEMS A/S	-9.33%	5.67M
DENSO CORPORATION	+19.02%	47.12B
APTIV PLC	-7.35%	22.46B
WEICHAI POWER CO., LTD.	+13.80%	19.07B
FUYAO GLASS INDUSTRY GROUP CO., LTD.	+26.64%	16.7B
HYUNDAI MOBIS CO.,LTD	-7.59%	14.62B
CONTINENTAL AG	-19.45%	13.49B
MAGNA INTERNATIONAL INC.	-21.01%	13.19B
SUMITOMO ELECTRIC INDUSTRIES, LTD.	+45.64%	12.28B
SAMVARDHANA MOTHERSON INTERNATIONAL LIMITED	+39.17%	11.71B

Other Auto, Truck & Motorcycle Parts