INTERIM REPORT JANUARY–JUNE 2015
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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