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INTERIM REPORT JANUARY–MARCH 2013

5/2/2013 9:00 AM EST  -   OPCON
Chinese business is important as turnaround begins

· Sales up 37% with improved margins compared with Q4 2012
· Strong reduction in loss compared with Q4 2012
· Ongoing savings programme has produced positive initial effects – estimated reduction of costs on annual basis of SEK 10-15 million
· Licence agreement for bioenergy in Baltic States starting to generate royalties
· Snowman in China becomes new...

Opcon develops new bioenergy strategy and winds up drying system business

4/11/2013 2:30 AM EST  -   OPCON
As part of its work in developing and launching a new strategy for bioenergy, the Board of Opcon, the energy and environmental technology Group, has decided to close down the low-temperature drier business that has for several years required extensive resources and suffered considerable profitability problems. As a consequence of this decision, the Group is reporting an impairment of assets amounting to SEK 82.4...

Interim report October-December 2012

2/28/2013 2:30 AM EST  -   OPCON
Refinement, restructuring, renewal
– financial and operational

· Refinement – Engine Efficiency business area sold, capital gains of SEK 83.5 million, reported as divested business
· Directed share issue worth SEK 83.9 million completed
· Interest-bearing liabilities worth around SEK 160 million settled in Q4 2012
· Restructuring initiated within bioenergy, focus on continued growth in Germany and the UK, and...

Opcon performs directed issue of 12,087,454 shares at SEK 0.59 per share

1/16/2013 2:30 AM EST  -   OPCON
As authorized by the annual general meeting of shareholders, Opcon’s Board has decided to carry out a directed issue of 12,087,454 new shares at a price of SEK 0.59 per share. The shares are issued for GEM Global Yield Fund Ltd.

After the registration of the new shares, the total number of issued shares in Opcon Aktiebolag (publ) will amount to 309,972,730.
During Q2 2011 Opcon AB signed an agreement with GEM...

Opcon’s rights issue completed

12/11/2012 2:45 AM EST  -   OPCON
This press release may not be published or distributed, directly or indirectly, in the US, Australia, Japan, Canada, New Zealand or South Africa
 
Opcon AB (publ) (hereafter referred to as “Opcon” or “the Company”) has completed the rights issue of shares with preferential rights for existing shareholders that was agreed at the Extra General Meeting on 9 November 2012. The rights issue was subscribed for at 92% and...

Using Opcon technology, Dalkia improves the energy efficiency of the boiler syst...

11/29/2012 2:52 AM EST  -   OPCON
Opcon, the energy and environmental technology Group, has received an order for the market-leading flue gas condensation and water treatment equipment made by its subsidiary, SRE, to be delivered to the Setra sawmill in Skinnskatteberg, Sweden. The customer is the leading European company in energy services, Dalkia, which owns and operates the boiler plant at the Setra sawmill. The investment will improve the energy...

Opcon: Completes sale of Engine Efficiency business area

11/22/2012 9:00 AM EST  -   OPCON
Opcon, the energy and environmental technology Group, has today in accordance with the agreement signed on November 7 completed the sale of its subsidiary, SEM AB, and SEM’s subsidiary, SEM Technology Suzhou Co. Ltd in China, which together constitute the Engine Efficiency business area.

Purchase price amounts to SEK 218,3 million on a debt free basis with a variable component depending on performance that may...

Opcon AB revokes proposal prior to Extra General Meeting and publishes condition...

11/9/2012 2:30 AM EST  -   OPCON
· Issue amount reduced from of around SEK 130 million to around SEK 91 million. Prior to the Extra General Meeting of shareholders to be held on 9 November 2012, the Board of Opcon has decided to revoke the Board’s previous proposal concerning a decision to change the company’s articles of association as per item 7a of the meeting agenda as included in the notice of the meeting, and the Board’s proposal...

Opcon, the energy and environmental technology Group, proposes guaranteed prefer...

10/10/2012 2:30 AM EST  -   OPCON
The Board of Opcon AB has decided to call an Extra General Meeting of shareholders on 9 November 2012 to determine whether to issue new shares with preferential rights for existing shareholders. The issue amount before costs is expected to be a maximum of around SEK 130 million.

Opcon’s chairman Mats Gabrielsson and President and CEO Rolf Hasselström have provided subscription and guarantee undertakings via...

Interim report April-June 2012

8/22/2012 2:30 AM EST  -   OPCON
Activities in China boost growth

· Strong growth in first half of 2012 within the Group, +19%
· Major improvement in earnings in Q1 and Q2, operating profit (EBITDA) of SEK 6.7 million (–26.2 m)
· Continued savings, workshop in Spånga closed down and assembly outsourced
· New products generate strong increase in volumes for Engine Efficiency’s Chinese factory
· New development, licensing and delivery agreement...