INTERIM REPORT JANUARY–JUNE 2015

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Divestment of Compressor Technology and Waste Heat Recovery business

  • Share purchase agreement signed concerning the sale of business activities within Compressor Technology and Waste Heat Recovery for SEK 400 million, expected closing by 30 September 2015
  • Operating loss (EBITDA) before depreciation for Q2 was SEK 3.4 million ( –6.4 m)
  • Earnings for remaining business affected by costs attributable to divestment and over-dimensioned administration
  • Strategic review of remaining business has started

Q2, April-June 2015, remaining business

  • Net sales amounted to SEK 51.8 million (35.1 m)
  • Operating loss (EBITDA) was SEK 3.4 million (–6.4m)
  • Operating loss (EBIT) was SEK 4.2 million (–7.0 m)
  • Loss after tax was SEK 5.9 million ( –6.7 m)
  • Earnings per share SEK –0.01 (–0.02)

Q1-Q2, January-June 2015, remaining business

  • Net sales amounted to SEK 103.2 million (86.7 m)
  • Operating loss (EBITDA) was SEK 11.0 million (–8.8 m)
  • Operating loss (EBIT) was SEK 12.6 million (–10.0 m)
  • Loss after tax was SEK 15 million ( –9.4 m)
  • Earnings per share SEK –0.04 (–0.02)

Events after the closing date

  • Extra Shareholders’ Meeting of Opcon AB approved the sale of business activities within Compressor Technology and Waste Heat Recovery to Shanghai XingXueKang Investment Partnership
  • Shanghai XingXueKang Investment Partnership paid the first 15% of the purchase price in accordance with the agreement
  • Saxlund International GmbH received an order worth around SEK 30 million from Babcock & Wilcox Vølund A/S of Denmark for delivery of a first class handling system for a bioenergy project in the UK

For further information, please contact:

  • Rolf Hasselström, President and CEO: +46 8 466 45 00, +46 70 594 79 60
  • Niklas Johansson, deputy CEO, Investor Relations: +46 8 466 45 11, +46 70 592 54 53
  • Claes Palm, deputy CEO, Chief Financial Officer: +46 8 466 45 00, +46 70 545 04 95

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