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Scandinavian Brake Systems A/S Issues FY 2013 Guidance, Company Comments on Dividend Policy


Thursday, 21 Mar 2013 10:59am EDT 

Scandinavian Brake Systems A/S announced that for the fiscal year 2013, it expects to report revenue of between DKK 980 million and DKK 1,020 million and EBITDA of between DKK 60 million and DKK 80 million for continuing operations. In addition, the Company informed that its dividend policy is suspended as a result of the conclusion of a financing agreement with the its banks, that is the equity loan. It is in this context agreed that no dividend should be paid as long as these subordinated loans run, which is up to June 30, 2014. 

Company Quote

39.9
-0.1 -0.25%
28 Jul 2014