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Financial statement 2010

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Interim report October-December 2010

Increased focus on energy and environmental technology

  • Strong growth for remaining units within Engine Efficiency, +38 % in 2010
  • Strong interest for marine applications of Opcon Powerbox
  • Boxpower to be developed internally, no divestment
  • Order book reaches SEK 726 million (687 m)
  • 30 % sales increase for comparable units expected for 2011
  • Non liquidity-affecting change in value of shareholding in Enerji Ltd. has SEK –49.2 million (+56.0 m) impact on operating profit in January-December period
  • Capital gain from sale of subsidiaries contributes SEK 60.9 million in operating profit for January-December period


FULL YEAR, JANUARY-DECEMBER 2010

  • Net sales amounted to SEK 612.8 million (682.9 m)
  • Operating loss (EBIT) was SEK 7.7 million (+37.1 m)
  • Profit after tax of SEK 8.0 million (12.4 m)
  • Earnings per share SEK 0.22 (0.31)


Q4, OCTOBER-DECEMBER 2010

  • Net sales amounted to SEK 157.1 million (234.1 m)
  • Operating loss (EBIT) was SEK 4.0 million (+16.6 m)
  • Profit after tax of SEK 0.5 million (9.1 m)
  • Earnings per share SEK –0.04 (+0.27)


SIGNIFICANT EVENTS AFTER THE END OF THE PERIOD

  • Declaration of intent to raise financing of up to USD 40 million
  • Partnership agreement with MAN Diesel & Turbo within marine sector

Opcon AB (publ)
Magnetgatan 1, Box 30, SE-662 21 Åmål, Sweden
Tel. +46 (0)532-613 00, fax +46 (0)532-120 19
e-mail: info@opcon.se
www.opcon.se


THE OPCON GROUP

Opcon is an energy and environmental technology group that develops, produces and markets systems and products for the eco-friendly, efficient and resource-effective use of energy.

Opcon has operations in Sweden, China, Germany, and the UK. There are around 415 employees. The company’s shares are listed on Nasdaq OMX Stockholm. The Group comprises two business areas:

Renewable Energy focuses on generating electricity from waste heat, bioenergy, systems for handling natural gas, industrial cooling, recycling of heat, drying of biomass, treatment of flue gases, handling systems for biomass, etc., air systems for fuel cells and the measurement and monitoring of processes.

Engine Efficiency focuses on energy-efficient solenoid technology and ignition systems for combustion engines including ethanol, natural gas and biogas engines.

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Opcon Financial Statement

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