Despite a positive margin development in 2011, the realized contribution margin for the company is approximately 1.5 - 2 percentage points lower than expected for the full year. This is primarily driven by a slower than planned turnaround of the passenger car business and sections of the commercial vehicle business not fully reaching its margin targets for the year. The company has also experienced increased costs related to specific product launches this year.
A 2011 EBITDA of between MEUR 85 and MEUR 90 represents a strong increase from MEUR 57.1 in 2010, and will represent an EBIDTA margin of approximately 9 % for the full year, up from 6.6 % in 2010.
Volatile automotive market conditions make it difficult to provide precise guidance, but the company does expect a revenue level of approximately 1000 MEUR for 2011.