Highlights second quarter 2018:
- Underlying revenue increased to NOK 1 773 million, which was 9 per cent higher than the second quarter last year. Revenue increased in both Road Safety and in Road Infrastructure.
- Underlying EBITDA was NOK 157 million compared to NOK 153 million the second quarter last year.
- Reported EBITDA was NOK 147 million compared to NOK 86 million the second quarter last year.
Underlying revenue in the quarter increased by 9 per cent to NOK 1 773 million (NOK 1 626 million) in the second quarter 2018. Revenue increased both in Road Safety and Road Infrastructure.
Underlying EBITDA for the quarter was NOK 157 million (NOK 153 million). The improvement from last year was first and foremost a result of good traction across product areas in Norway, continued high activity in Road Infrastructure Europe and positive effects from M&A activities.
“With good demand within many product areas and geographies, we achieved strong momentum in sales growth across the business in the quarter”, says Morten Holum, CEO in Saferoad.
Saferoad posted a net income of NOK 66 million in the quarter, compared to NOK 144 million in the second quarter last year. The decrease is mainly a result of an extinguishment of a shareholder loan in the second quarter 2017 that had a positive impact on net income in that quarter. The net income in the second quarter 2018 corresponds to earnings per share of NOK 0.95 in the quarter compared to NOK 3.89 last year.
For further information, please contact:
Morten Holum, CEO Saferoad Group
+47 99 50 99 30