Interim Report (January – March 2015)
Acquisition of Drew Tech implemented and good revenue growth and profitability during the quarter
January – March 2015
Net sales amounted to SEK 400,8 million (297,4), a sales growth of 34.8 percent
Operating profit before depreciation (EBITDA) amounted to SEK 50.9 million (45.4), corresponding to an EBITDA margin of 12.7 percent (15.2)
Operating profit before depreciation (EBITDA) includes non-recurring costs amounting to SEK 1.7 million for acquisition related costs for Drew Tech. as well as close-down costs related to the British Columbia program of SEK 3.3 million
Cash flow from operating activities amounted to SEK 30.6 million (-19.3).
Profit after tax amounted to SEK 41.6 million (16.7)
Earnings per share after dilution amounted to SEK 0.16 (0.06)
Notable Events during the first quarter
Successful program starts in Colorado, Indiana, and California
Opus Inspection signed a 20-year vehicle inspection concession agreement in Pakistan
State of Missouri extends vehicle inspection program contract with Opus Inspection
Opus Group announces rights issue of approximately SEK 150 million
Opus Inspection completes acquisition of Drew Tech
Mölndal May 21 2015
Opus Group AB (publ)
For additional information, please contact
President and CEO
Phone: 46 31 748 34 00
Phone: 46 765 25 84 93
About Opus Group
Opus Group is a leading company in vehicle inspection technology and vehicle inspection program operations. The Group has two main business areas which consist of vehicle inspection and equipment. Opus Group is one of the market leaders in vehicle inspection operations in the US and Sweden. Opus Bilprovning has 74 vehicle inspection stations in Sweden. Opus Inspection operates vehicle inspection programs in the U.S., Bermuda, Chile, Peru and Pakistan and is active in sales and service of emission control equipment in North America and Mexico. Through the subsidiaries, Opus Equipment and J&B Maskinteknik, Opus Group conduct production, sales and service of vehicle inspection equipment for vehicle inspection companies and vehicle workshops. Opus Group’s revenues amounted to approx. SEK 1,458 million in 2014. Opus Group’s shares are listed on Nasdaq Stockholm.
FFFS 2007:17 (10 kap 11§) (SFSA rules) - The information in this press release is published in accordance with the rules in the law (2007:528) under the Securities Market Act (2007:528).