Trention (formerly Opcon): Change to income statement previously presented in 2015 financial statement

Trention has established that in its 2015 financial statement the company has
not recognised capital gains from the sale of business activities within
Compressor Technology and Waste Heat Recovery in accordance with IFRS 5.
In Trention’s financial statement, published on 22 February 2016, the capital
gains from the sale, SEK 167.2 million, was recognised as other income in the
income statement. IFRS 5 states that capital gains shall be recognised in the
income statement as earnings from divested business.
In the company’s annual report, which will be published shortly, a number of
items will be amended. These changes will not affect earnings for the period,
but changes will be made in the allocation of results from remaining business
and results from divested business.
These changes will not affect the balance sheet, nor the net financial
receivables in the Group as of 31 December 2015, which amounted to SEK 329.3
million.
The table below presents the main differences between the annual report and the
financial statement.

[image]

For further information, please contact
Niklas Johansson, vice president, Investor Relations, tel. 00 46 8-466 45 00, 00
46 70-592 54 53
Trention AB, Box 15085, 104 65 Stockholm
Tel. 00 46 8-466 45 00, fax 00 46 8-716 76 61, e-mail: info@trention.se
www.trention.se

Trention, which recently changed name from Opcon, is an energy and environmental
technology Group that develops, produces and markets systems and products for
eco-friendly, efficient and resource-effective use of energy with focus on
bioenergy. Trention has activities in Sweden, Germany and the UK. There are
around 115 employees. The company’s shares are listed on Nasdaq OMX Stockholm
under the OPCO ticker (changing to TRENT).

The information in this press release is published by Trentino AB (publ) in
accordance with the Swedish Securities Market Act and / or the Swedish Act on
trading in financial instruments. The information was submitted for publication
on Friday, 15 April 2016, at. 15:15 (CET).