Cooper-Standard margins down in “challenging” markets

Novi, Michigan – Cooper-Standard Holdings Inc. has reported a 2.1% rise, year-on-year, in second quarter sales to $928.3 million (€795 million) and earnings (adjusted EBITDA) of $107.9 million up from $113.8 million a year ago.

This equated to a decline in the company’s adjusted EBITDA margin to 11.6%, compared to 12.5% in the second quarter of 2017, the company pointed out in a 31 July announcement.

Despite challenging market conditions in the quarter Jeffrey Edwards, chairman and CEO said: “We are on pace…

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