- Underlying revenue growth of 2% to NOK 1 626 million
- Underlying EBITDA on par with the corresponding quarter last year
- High activity level in main markets
- Strategic portfolio adjustments
Saferoad Holding ASA recorded continued growth in underlying revenue of 2% to NOK 1 626 million (1 597) for the second quarter 2017. Underlying EBITDA for the quarter was on par with last year, and amounted to NOK 153 million (152). Earnings from higher sales in Road Safety was offset by product mix effects in Road Infrastructure.
“We deliver a good second quarter, with revenue growth in both our business areas and stable earnings. We have good traction in several of our key markets and we are continuing to develop the business through efficiency measures and strategic portfolio adjustments”, says Morten Holum, CEO in Saferoad.
The Group posted net income of NOK 144 million in the quarter, up from NOK 1 million previous year. This corresponds to earnings per share of NOK 2.2 in the quarter. The improvement is mainly a result of an increase in net financial income due to debt extinguishment of NOK 139 million in the second quarter 2017.
For more information, please contact:
Morten Holum, CEO
+47 99 50 99 30
Presentation of the results
Morten Holum (CEO) and Svein Vestermo (CFO) will present the results on 18 August at 08:30 am CET at Hotel Continental, Stortingsgaten 24/26, Oslo. The presentation will be held in English and transferred via webcast at www.saferoad.com. View the results and follow the presentation here
This information is subject to disclosure under the Norwegian Securities Act section §5-12.