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Interim report January-September 2011

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Increased sales turnover, continued improvement in earnings

  • Sales for comparable units in the Group +20% in Q3
  • Sale of Engine Efficiency business area started
  • Acquisition of remaining 25% of Saxlund International GmbH and increased ownership of Saxlund International Ltd. in UK
  • Large order from China for compressor technology worth at least SEK 60 million
  • First in series of Opcon Powerbox delivered to Australia
  • Launch of Wallenius vessel with Opcon Powerbox onboard

Q3, July-September 2011

  • Net sales amounted to SEK 142.2 million (118.9 m)
  • Operating profit (EBITDA) was SEK 2.4 million (–7.2 m)
  • Operating loss (EBIT) was SEK 7.2 million (–14.3 m)
  • Loss after tax of SEK 9.1 million (–14.3 m)
  • Earnings per share SEK –0.39 (–0.59)

Q1-Q3, January-September 2011

  • Net sales amounted to SEK 425.5 million (388.1 m)
  • Operating loss (EBITDA) was SEK 23.8 million (–50.0 m)
  • Operating loss (EBIT) was SEK 51.4 million (–73.0 m)
  • Loss after tax of SEK 46.4 million (–59.3 m)
  • Earnings per share SEK –1.95 (–2.42)

Significant events after the end of the period

  • Opcon performs an oversubscribed rights issue with preferential rights for existing shareholders to raise around SEK 130 million before costs. The total number of shares will climb from 26.0 million to 130.2 million.

For further information

  • 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
  • Göran Falkenström, deputy CEO and CFO: +46 532 611 22, +46 70 330 05 02

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