Group highlights for Q2 include:
- Q2 2015 revenues of EUR 266.0 million, above guiding
- Revenues in the quarter were 4.6% above Q2 2014, including favorable currency effects of EUR 26.6 million
- EBIT was EUR -4.8 million in Q2 2015, negatively impacted by a EUR 19.5 million goodwill write–off related to strategic wind down of head- and armrest business
- Excluding the write–off Q2 2015 EBIT was EUR 14.7 million
- Impacted by volume effects and increased R&D activity to address future growth opportunities (EUR 2.9 million)
- Gearing ratio at 2.4x NIBD/EBITDA
