FINLAND: PKC Group reports Q2 revenue down 12.3% to EUR206m

PKC Group says second quarter revenue declined 12.3% to EUR206.2m (US$276m).

“Revenue during the second quarter remained below the comparison period,
amounting to EUR206.2m,” said PKC Group president & CEO, Matti Hyytiainen. “In Europe, truck production volumes were at the same level as in the first quarter but still below the comparison period.

“In North America, truck production kept growing compared to both the previous quarter and the comparison period. In Brazil, the production volumes in the second quarter topped the production in the first quarter but were significantly below the comparison period.

“The crisis in the Ukraine has had a negative impact on our customers’ business activities in Russia, due to which the planned production ramp-ups at PKC’s Russian factory for new customer programmes were not realised.”

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