Interim Report (January – March 2015)

Report this content

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
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

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).

Documents & Links