Interim Report Jan - Sept 2012

Strong organic growth in the third quarter and completed acquisition of a third of Bilprovningen

Jan – September 2012

Reporting Period (January – September 2012)

  • Sales increased to SEK 292.4 million (168.2), a sales growth of 73.8 percent and negative organic growth of -1.6 percent for the Group
  • EBITDA increased to SEK 24.3 million (26.0), equivalent to an EBITDA margin of 8.3 percent (15.4)
  • EBITDA includes non-recurring costs of approx. SEK 6.6 million (0) for acquisition related costs for Bilprovningen, as well as start-up costs for new programs in North America
  • Cash flow from operating activities of SEK 24.4 million (20.0)
  • Net earnings amounted to SEK 3.8 million (0.5)
  • Earnings per share after dilution amounted to SEK 0.02 kronor (0.00)

Reporting Period (July – September 2012)

  • Sales increased to SEK 103.5 million (49.0), a sales growth of 111.2 percent and organic growth of 24.0 percent for the Group
  • EBITDA increased to SEK 12.2 million (8.5), equivalent to an EBITDA margin of 11.8 percent (17.3)
  • EBITDA includes non-recurring costs of approx. SEK 2.8 million (0) for acquisition related costs for Bilprovningen
  • Cash flow from operating activities increased to SEK 10.2 million (4.6)
  • Net earnings amounted to SEK 0.2 million (0.5)
  • Earnings per share after dilution amounted to SEK 0.00 (0.00)

Opus Group AB (publ), (org no 556390-6063)
Bäckstensgatan 11D
SE-431 49 Mölndal, Sweden
Phone: +46 31 748 34 00
Fax: +46 31 28 86 55
E-mail: info@opus.se
www.opus.se

For any questions regarding the interim report, please contact Magnus Greko, President and CEO, +46 31 748 34 91 or Peter Stenström, Investor Relations, +46 31 748 34 93.

Opus Group operates vehicle inspection programs and develops, manufactures and sells equipment and IT systems to the vehicle inspection industry. Opus Bilprovning is a subsidiary within vehicle inspection and has 70 vehicle inspection stations in Sweden. Opus Group’s subsidiary Systech operates vehicle inspection programs in the U.S., in Bermuda and in Peru. Opus Group’s subsidiary ESP is active in sales and service of emission control equipment in North America and Mexico. Through the subsidiaries, Opus Equipment, Opus Bima and J&B Maskinteknik, Opus Group conducts production, sales and service of emission control equipment for vehicle inspection companies and vehicle workshops. In July 2012, Opus Group signed an agreement with Bilprovningen to acquire a third of Bilprovningen’s business. Opus Groups revenues amounted to approx. SEK 232 million in 2011. The 2011 pro forma revenues amounted to approx. SEK 953 million. Opus Group’s shares are listed on Nasdaq OMX First North Premier.

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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