Strong organic growth in the third quarter and completed acquisition of a third
of Bilprovningen
Jan – September 2012
Reporting Period (January – September 2012)
· Sales increased to SEK 292.4 million (168.2), a sales growth of 73.8 percent
and negative organic growth of -1.6 percent for the Group
· EBITDA increased to SEK 24.3 million (26.0), equivalent to an EBITDA margin
of 8.3 percent (15.4)
· EBITDA includes non-recurring costs of approx. SEK 6.6 million (0) for
acquisition related costs for Bilprovningen, as well as start-up costs for new
programs in North America
· Cash flow from operating activities of SEK 24.4 million (20.0)
· Net earnings amounted to SEK 3.8 million (0.5)
· Earnings per share after dilution amounted to SEK 0.02 kronor (0.00)
Reporting Period (July – September 2012)
· Sales increased to SEK 103.5 million (49.0), a sales growth of 111.2 percent
and organic growth of 24.0 percent for the Group
· EBITDA increased to SEK 12.2 million (8.5), equivalent to an EBITDA margin
of 11.8 percent (17.3)
· EBITDA includes non-recurring costs of approx. SEK 2.8 million (0) for
acquisition related costs for Bilprovningen
· Cash flow from operating activities increased to SEK 10.2 million (4.6)
· Net earnings amounted to SEK 0.2 million (0.5)
· Earnings per share after dilution amounted to SEK 0.00 (0.00)
Opus Group AB (publ), (org no 556390-6063)
Bäckstensgatan 11D
SE-431 49 Mölndal, Sweden
Phone: +46 31 748 34 00
Fax: +46 31 28 86 55
E-mail: info@opus.se
www.opus.se
For any questions regarding the interim report, please contact Magnus Greko,
President and CEO, +46 31 748 34 91 or Peter Stenström, Investor Relations, +46
31 748 34 93.
Opus Group operates vehicle inspection programs and develops, manufactures and
sells equipment and IT systems to the vehicle inspection industry. Opus
Bilprovning is a subsidiary within vehicle inspection and has 70 vehicle
inspection stations in Sweden. Opus Group’s subsidiary Systech operates vehicle
inspection programs in the U.S., in Bermuda and in Peru. Opus Group’s subsidiary
ESP is active in sales and service of emission control equipment in North
America and Mexico. Through the subsidiaries, Opus Equipment, Opus Bima and J&B
Maskinteknik, Opus Group conducts production, sales and service of emission
control equipment for vehicle inspection companies and vehicle workshops. In
July 2012, Opus Group signed an agreement with Bilprovningen to acquire a third
of Bilprovningen’s business. Opus Groups revenues amounted to approx. SEK 232
million in 2011. The 2011 pro forma revenues amounted to approx. SEK 953
million. Opus Group’s shares are listed on Nasdaq OMX First North Premier.
