Scandinavian Brake Systems A/S announced earnings results for the full year ended December 31, 2016. For the year, the group turnover was DKK 770 million compared to DKK 766 million for the continuing activities (exclusive of Notox) in 2015. The Group's operating profit before depreciation amortisation write-downs and special items (recurring EBITDA) was DKK 50 million compared to DKK 55 million in 2015. As described above, this figure reflects an improvement for SBS Friction and a downturn for SBS Automotive. The financial result for the year was a profit of DKK 6 million compared to a loss of DKK 172 million in 2015. The consolidated net interest-bearing debt declined over the year from DKK 484 million as at 31 December 2015 to DKK 469 million as at 31 December 2016, primarily due to the divestment of Notox-related assets.

The group provided earnings guidance for full year of 2017. The group expects to generate revenue at a level of DKK 760­790 million in 2017 and a recurring EBITDA of DKK 55­65 million.