Nemak reports Q1 '15 results
Quarter with a mix of favorable business results in Europe and North America and the negative impact of the depreciation of the Euro vs. the US dollar. Revenues were U.S. $1,167 million, +3% compared to 1Q14. EBITDA +2% year-on-year in 1Q15 to U.S. $192 million, as better sales mix and operational improvements drove higher contribution margins. On a currency-neutral basis, revenues and EBITDA increased 4% and 7%, respectively.