ERJ staff report (BC)
Novi, Michigan – Cooper-Standard Holdings Inc., the parent company of Cooper Standard Automotive, a supplier of sealing, fuel, brake and fluid transfer systems, has posted financial results for the first quarter ended 31 March 2013.
Revenue of $747.6m (€568.2m) was reported, compared to $765.3m (€581.6m) for the first quarter of 2012. The company said sales were predominantly impacted by vehicle production declines in Europe and an unfavourable foreign exchange balance of $4.8m (€3.6m)
Adjusted EBITDA for the first quarter was $76.7m (€58.3m) or 10.3 percent of sales compared to $83.2m (€63.2m) or 10.9 percent of sales in 2012.
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