China is the key as Opcon looks to the future · Efforts now initiated to develop the Chinese market and parts of South East Asia and create an industrialised manufacturing base for Opcon Powerbox together with Snowman · Hong Kong Snowman Technology Ltd. second largest owner of Opcon following directed placement of shares · Savings programme now being implemented that will cut annual costs by around SEK 30 million · Reduced loss despite lower sales, loss after tax of SEK –4.8 million (–15.1 m) · Underlying operating loss for Q2 of SEK –1.0 million (–7.4 m) before non -recurring costs First half of 2014, January–June, remaining business · Net sales amounted to SEK 122.3 million (136.7 m) · Operating loss (EBIT) was SEK –10.5 million (–21.8 m) · Loss after tax of SEK –11.0 million (–29.3 m) · Earnings per share SEK –0.03 (–0.09) Q2, April–June, remaining business · Net sales amounted to SEK 54.9 million (62.7 m) · Operating loss (EBIT) was SEK –4.6 million (–12.3 m) · Loss after tax of SEK –4.8 million (–15.1 m) · Underlying operating loss for Q2 of SEK –1.0 million (–7.4 m) before non -recurring costs · Earnings per share SEK –0.01 (–0.05) Significant events after the end of the period · Swedish order for delivery of bioenergy plant worth around SEK 28 million · Declaration of Intent signed with Snowman concerning formation of joint company to develop the Chinese market and create an industrialised manufacturing base for Opcon Powerbox · Order for one Opcon Powerbox ORC and one Opcon Powerbox WST from Snowman as reference equipment for the Chinese market For further information, please contact: · Rolf Hasselström, President and CEO: +46 8 466 45 00, +46 70 594 79 60 · Niklas Johansson, deputy CEO, Investor Relations: +46 8 466 45 11, +46 70 592 54 53 · Claes Palm, deputy CEO, Chief Financial Officer: +46 8 466 45 00, +46 70 545 04 95 The information in this report is such that Opcon is obliged to disclose in accordance with Swedish securities markets law and/or Swedish law on trading in financial instruments. This information was released for publication on Tuesday 26 August 2014, at 08.30 (CET).
INTERIM REPORT JANUARY–JUNE 2014
| Source: Trention AB