An excellent quarter

Stable growth.

Market shares and earnings both continued to increase during the third quarter.

Once again, we can look back on a very good quarter with increased market shares and earnings. Compared to the same quarter last year, earnings before depreciation and amortization increased organically in local currency by 21.8 per cent and sales by 8.4 per cent. Despite that the quarter’s net income has been negatively affected by tax expenses attributable to 2015 as well as deferred taxes, due to higher than anticipated state taxes in the U.S., we have every reasons to be very pleased.

Increasing numbers of people choose Opus for their inspections, something we can all be proud of. Many thanks to all of you out there in the inspection stations for your daily efforts! It’s the way you treat your customers that makes them return and recommend us to their friends.

The last quarter saw boosts to our technology side through the acquisition of FASTLIGN®, which measures wheel alignment in an instant, and the launch of Drew Technologies’ Remote Assistance Programming (RAP), which means general vehicle repair shops have the same ability to program vehicle computers as brand workshops. On December 1, we acquired the Bosch operation for the sales and service of emission control equipment in California, Pennsylvania and North Carolina. This gives us a broader customer base and strengthens our new EaaS business model (Equipment as a Service).

We continue to expand in Sweden with new stations in the Stockholm region and the south of the country, with stations opening in Gothenburg and Halmstad during the spring of 2017.

Magnus Greko

President and CEO

Read the entire interim report here >>