Press Release
23rd of April, 2009
Changes in the financial statements of Opus Prodox AB (publ)
In connection with the completion of the annual report for 2008, Opus Prodox AB
(publ) has chosen to make some corrections to the 2008 financial statements.
These corrections give rise to the following changes on selected income
statement and balance sheet items for the full year 2008:
• Net income increases from SEK 4.5 million to 5.2
• Earnings per share increases from SEK 0.03 to 0.04 per share (before and
after dilution)
• EBITDA (Operating profit before depreciation and amortization) is reduced
from SEK 20.0 million to 17.8 (EBITDA margin declines from 13.8% to 12.3%)
• Total assets increases from SEK 376.8 million to 419.1
• Equity increases from SEK 259.0 million to 300.0 (equity ratio increases from
68.8% to 71.6%)
The corrections to the results are mainly a result of changes in accounting
estimates and judgements and adjustments related to the acquisition of SysTech
International, which was completed in April 2008. The adjustments to the
balance sheet relate mainly to translation differences related to the U.S.
subsidiaries, which were underestimated in the year-end report for 2008 and
increasing the equity capital by around SEK 41 million.
The full annual report for 2008 will be available in digital format on the
company's website approximately two weeks before the Annual General Meeting on
May 27.
This press info is available in Swedish at www.opus.se
For additional information, please contact
Magnus Greko, President and CEO
Opus Prodox AB (publ)
Phone: +46 (0) 31 748 34 91, +46 (0) 705 58 45 91
E-mail: magnus@opus.se
WEB: www.opus.se
Opus' Certified Adviser
Thenberg & Kinde Fondkommission AB
Box 2108
SE-403 13 Gothenburg
Sweden
Phone: +46 (0) 31 745 50 00
The Opus Group is in the business of developing, producing and selling products
and services within Automotive Test Equipment, Vehicle Inspection Systems and
Fleet Management for the global market. The products include emission
analyzers, diagnostic equipment, and automatic test lines. Services include
management of mandatory vehicle inspection programs. The Group sells its
products and services in more than 50 countries all over the world and
currently employs around 170 persons. The turnover for 2008 was SEK 175 million
pro forma (including acquisitions). Opus' share is listed on First North
(Stockholm Stock Exchange) under the ticker OPUS.
