Clarification concerning press release on April 18

Opus Group hereby gives clarification to the press release of April 18, 2016 that the Parliament has voted that Sweden should not adjust the inspection interval to the minimum required by the new EU Directive.

The Swedish Parliament has voted on the traffic committee’s proposal in the report TU11, Vehicle and road traffic issues. In the report the traffic committee rejects the motion from Pia Hallström (M) in the light of the ongoing preparatory work within the Government Offices. Meanwhile the traffic committee expresses that ”Faced with the government's preparation work, the committee therefore wishes to state that Sweden should not adjust the inspection interval to the minimum required by the EU Directive.”

All political parties supported the writing of the traffic committee, and this was also the chamber’s (Parliament’s) decision at the vote (the vote) on April 14. This implies that the Parliament presents this to the Government, which is responsible for the implementation of the new EU Directive.

Opus Group wants to correct the information in the press release on April 18 that the Ministry of Industry has been negative to the recommendation from the Transport Agency. The government has not yet commented on how they finally intend to proceed with the implementation of the new EU directive

Find the link below for the Parliamentary decisions where the chamber approved the committee’s proposal:

Mölndal, April 19, 2016
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

Opus Group is a leading vehicle inspection company with a strong focus on customer service and innovative technology. Opus Group is one of the market leaders in vehicle inspection operations in the US and Sweden.  Opus Bilprovning has 78 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. Opus Group’s revenues amounted to approximately SEK 1,650 million in 2015. Opus Group’s shares are listed on Nasdaq Stockholm.

About Us

Opus is a technology-driven growth company in the vehicle inspection and intelligent vehicle support markets. The company has a strong focus on customer service and innovative technology within emission and safety testing and intelligent vehicle support. Opus had approximately SEK 2.5 billion in revenues in 2018 with solid operating profit and cash flow. Opus’ goal is to reach an annual revenue growth of 5-10 percent, through organic and acquisitive growth based on 3-year CAGR, and an EBITA margin of 15 percent. The majority of the growth is estimated to come from the international expansion of the vehicle inspection business, with a primary focus on the Latin American and Asian markets, and the expansion of the intelligent vehicle support business. With approximately 2,600 employees, Opus is headquartered in Gothenburg, Sweden. Opus has 34 regional offices, 24 of which are in the United States and the others in Sweden, Argentina, Chile, Mexico, Peru, Pakistan, United Kingdom, Spain and Australia. Opus has production facilities in the U.S. in Hartford, Ann Arbor and Tucson. The shares of Opus Group are listed on Nasdaq Stockholm.

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