The SBS Friction division is still developing positively and is expected to achieve its highest revenue and earnings in 2017.
At the end of 2017, the SBS Automotive division was affected by lower revenue to certain European customers. The lower revenue is mainly due to stock optimization at the customers and is expected to return to normal levels in Q1 2018.
On these grounds, the SBS Group adjusts its expectations to the following:
- Revenue is now expected to be DKK 730-750 million (previously: DKK 760-790 million)
- EBITDA before special items is now expected to be DKK 55-60 million (previously: DKK 55-65 million)