EBITDA growth of 23.3 percent and improved margins

January – June 2016

  • Sales amounted to SEK 847.4 million (852.9), a decrease of 0.6 percent before adjustments for acquired and divested businesses. Adjusted for the acquisition of Drew Tech and the divestment of Opus Equipment the revenue growth amounted to 6.7 percent.
  • Operating profit before depreciation (EBITDA) amounted to SEK 177.5 million (145.1), corresponding to an EBITDA margin of 20.9 percent (17.0), and an EBITDA growth of 23.3%. 
  • Cash flow from operating activities amounted to SEK 103.8 million (96.0).
  • Net financial income/expense include foreign exchange differences of SEK 9.9 million (16.3).
  • Profit for the period amounted to SEK 52.6 million (40.1). 
  • Earnings per share after dilution amounted to SEK 0.18 (0.15).

April – June 2016

  • Sales amounted to SEK 452.3 million (452.1), which equals the turnover for the same period previous year before adjustments for acquired and divested businesses. Adjusted for the divestment of Opus Equipment the revenue growth amounted to 8.9 percent.
  • Operating profit before depreciation (EBITDA) amounted to SEK 116.1 million (94.2), corresponding to an EBITDA margin of 25.7 percent (20.8). 
  • Cash flow from operating activities amounted to SEK 94.8 million (65.4).
  • Net financial income/expense include foreign exchange differences of SEK 17.9 million (-37.9).
  • Profit for the period amounted to SEK 50.5 million (-1.5). 
  • Earnings per share after dilution amounted to SEK 0.17 (-0.01).

Notable events during the second quarter

  • Opus Group issues 5-year SEK 500 million senior unsecured bond

Mölndal, August 19, 2016
Opus Group AB

For additional information, please contact
Magnus Greko
President and CEO
Phone: 46 31 748 34 00
E-mail: magnus.greko@opus.se

Peter Stenström
Investor Relations
Phone: 46 765 25 84 93
E-mail: peter.stenstrom@opus.se

Opus Group is a leading innovative technology focused growth company in the vehicle inspection market. The company has a strong focus on customer service and innovative technology within IT, emission testing and vehicle communication. The Group had SEK 1,650 million in revenues in 2015 with strong operating cash flow and good operating profitability. With over 1,500 employees, Opus Group is headquartered in Mölndal in the Gothenburg region of Sweden and has 25 regional offices, 20 in the United States and the others in Stockholm, Peru, Chile, Mexico and Pakistan. Opus Group has production facilities in the U.S. in Hartford and Ann Arbor. The Opus Group share is listed on Nasdaq Stockholm.

About Us

Opus is a technology driven growth company in the vehicle inspection and vehicle services markets. The company has a strong focus on customer service and innovative technology within emission and safety testing and vehicle services. Opus’ plan is to double its revenues to reach USD 400 million in revenues and USD 100 million in EBITDA by 2021. The main growth is estimated to come from the expansion of the vehicle communication and services business and the international expansion of the vehicle inspection business with a primary focus on the Latin American and Asian markets. Opus is headquartered in Gothenburg, Sweden. Opus has 30 regional offices of which 20 are located in the United States and the others in Stockholm, Peru, Chile, Argentina, Australia, Germany (dormant), Mexico and Pakistan. Opus has production facilities in the U.S. in Hartford, Ann Arbor and Tucson. The Opus share is listed on Nasdaq Stockholm.

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