Financial statement Interim report for october–december 2005
Restructuring of Opcon begins to produce results Positive profit forecast for first quarter of 2006
• Sales turnover rose by 10% to SEK 343.8 million (312.2 m), of which SEK 106.3 million (81.8 m) was in the final quarter, a climb of 30%. • The operating loss (EBIT) was SEK 6.9 million (–40.0 m), of which SEK –3.2 million (–36.1 m) was in the final quarter. • Earnings for 2005 were affected by an allocation for costs resulting from a legal dispute in the US, the write-down of stock assets, project costs for starting up the production company in China and capital gains from the sale of property, a total of SEK 14.4 million, of which SEK 4.7 million came in the final quarter. • The operating profit (EBIT) excluding one-off items was SEK 7.5 million, of which SEK 1.5 million was in the final quarter. • The loss after tax was SEK 12.7 million (-43.8 m), of which SEK –5.1 million (–37.9 m) was in the final quarter. Earnings per share after tax for the year were SEK –1.11 (–5.11). • The Board has decided to deliver quarterly earnings forecasts in 2006. • The Group forecasts earnings after financial items (EBT) of at least SEK 10 million for the first quarter in 2006. Future information • 2005 Annual Report presented in April 2006 • AGM held on 20 April 2006 • Q1 report presented on 20 April 2006 • Q2 report presented on 23 August 2006 • Q3 report presented on 20 October 2006 For more information connected with this report, please contact: Mats Gabrielsson, Chairman of the Board, tel. +46 8-470 0370 Rolf Hasselström, President and CEO, tel. +46 8-466 45 12, mobile +46 70-594 79 60 Göran Falkenström, CFO and deputy CEO, tel. +46 532-611 22, mobile+46 70-330 05 02 Opcon is a manufacturing group with businesses in Sweden, USA, and China. The group consists of the mother company Opcon AB and eight daughter companies – SEM AB, REAC AB, Svenska Rotor Maskiner AB (SRM), Lysholm Technologies AB, Opcon Autorotor AB, Laminova Production AB, Opcon Inc. and Opcon Co., Ltd. The number of employees is about 430. The share is quoted on the Stockholm exchange market’s O-list.