Yet another strong year

Economic performance, 2016.

2016 was another great year for Opus Group. Both sales and earnings increased, which they have done steadily over the past 10 years. Compared to 2015, sales increased by SEK 37 million to SEK 1700 million and earnings increased by 20.9 percent. The 19.5 percent profit margin is well above the 15 percent financial target.

During the year, we took important steps into new markets. Last summer we opened our first stations in Chile and Pakistan, which will be followed by more during 2017 and the years ahead. Our Latin American organization was strengthened by Alfredo Ganai as CEO of Vehicle Inspection Latin America, and we see many interesting opportunities in Latin America, Asia and Africa.

During 2016, we continued introducing our EaaS (Equipment as a Service) concept in Georgia, USA.

We’ve built a solid platform with strong finances and market-leading positions in the United States and Sweden with leading edge technology and expertise. The demand for our services is increasing and in February of this year we presented an aggressive growth plan in which we anticipate doubling sales and earnings over five years.

Magnus Greko
President and CEO
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