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Year-end report 2017

Solid growth with several projects under development

January – December 2017

  • Net sales amounted to SEK 1,857.5 million (1,697.2), a revenue growth of 9.4 percent. Adjusted for acquisitions and FX, the organic revenue growth amounted to 3.8 percent.
  • Operating profit before depreciation and amortization (EBITDA) amounted to SEK 308.1 million (332.0), corresponding to an EBITDA margin of 16.6 percent (19.5).
  • Net financial income/expense includes net foreign exchange differences of SEK -39.0 million (53.4).
  • Profit for the year amounted to SEK 73.8 million (85.4).
  • Earnings per share after dilution amounted to SEK 0.27 (0.29).
  • Cash flow from operating activities amounted to SEK 185.7 million (204.2).
  • The Board proposes a dividend of SEK 0.05 (0.12) per share.

October – December 2017

  • Net sales amounted to SEK 496.0 million (430.3), a revenue growth of 15.3 percent. Adjusted for acquisitions and FX, the organic revenue growth was 9.9 percent.
  • Operating profit before depreciation and amortization (EBITDA) amounted to SEK 62.4 million (67.8), corresponding to an EBITDA margin of 12.5 percent (15.7).
  • Net financial income/expense includes net foreign exchange differences of SEK -15.4 million (33.6).
  • Profit for the period amounted to SEK 24.5 million (21.4).
  • Earnings per share after dilution amounted to SEK 0.09 (0.08).
  • Cash flow from operating activities amounted to SEK 34.8 million (39.2).

Notable events during the fourth quarter

  • Opus issued USD 50 million L/C backed bonds in the U.S.
  • Opus received notice of contract extension from the New York Taxi & Limousine Commission.
  • Opus raised a USD 25 million five-year credit facility.

Notable events after the end of the period

  •  Opus acquired the U.S. vehicle inspection company Gordon-Darby.

This information is information that Opus Group AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 08:30 CET on February 16, 2018.

For additional information, please contact:
Lothar Geilen, CEO
Tel: +46 31 748 34 00
E-mail: lothar.geilen@opus.se

Helene Carlson
Director of Corporate Communications & Investor Relations
Phone: +46 765 25 84 93
E-mail: helene.carlson@opus.se

Invitation to presentation of Opus’ year-end report 2017

Opus Group AB (publ) will release its fourth quarter and full-year 2017 results before market opening on Friday, February 16, 2017. CEO Lothar Geilen and CFO Linus Brandt will present the company’s results on Monday 19 February at 11:00 CET.

The presentation will be held in English. To connect to the webcast please click on the following link: https://edge.media-server.com/m6/p/nwhg7b54
To connect to the conference call please dial in 5-10 minutes prior to the start time, using the conference Confirmation Code below.
Confirmation Code: 2301305
Participants,  Local – Stockholm, Sweden:   +46 (0)8 5033 6574
Participants,  Local – London, United Kingdom:  +44 (0)330 336 9105
Participants,  Local – New York, USA:   +1 646-828-8157
Participants,  Local – Paris, France:   +33 (0)1 76 77 22 74
Participants,  Local – Frankfurt, Germany:   +49 (0)69 2222 13420
Participants,  Local – Copenhagen, Denmark:  +45 35 15 80 49
Participants,  Local – Oslo, Norway:   +47 2100 2610
Participants,  Local – Helsinki, Finland:   +358 (0)9 7479 0361
Participants,  Local – Luxembourg:   +352 2786 1395
Participants,  Local – Brussels, Belgium:   +32 (0)2 404 0659
Participants,  Local – Lisbon, Portugal:   +351 213 180 030
Participants,  Local – Geneva, Switzerland:   +41 (0)22 567 5729
Participants,  Local – Toronto, Canada:   +1 438 968 6375
Participants,  Local – Madrid, Spain:   +34 91 114 7293
Gothenburg, February 9, 2018
Opus Group AB (publ)

For additional information, please contact:
Lothar Geilen, CEO
Tel: +46 31 748 34 00
E-mail: lothar.geilen@opus.se

Helene Carlson
Director of Corporate Communications & Investor Relations
Phone: +46 765 25 84 93
E-mail: helene.carlson@opus.se

Opus closes acquisition of Gordon-Darby

On January 31, Opus Inspection Inc. (Opus), a 100% subsidiary of Opus Group AB (publ), completed the acquisition of U.S.-based Gordon-Darby, Inc. for a purchase price of approximately USD 55 million (approximately SEK 431 million), on a cash and debt free basis. All conditions for the completion of the acquisition of Gordon-Darby have been met.

As previously stated, Gordon-Darby will continue operations under its brand name and current management team and staff. Existing products and services offered will continue to be supported and developed by Gordon-Darby. The Gordon-Darby acquisition increases Opus’ footprint in the U.S., while offering management and technology synergies to benefit customers worldwide.
The acquisition of Gordon-Darby will positively affect Opus’ overall EBITDA-margin and return on capital employed (ROCE), from the date of acquisition. No one-time incremental expenses are expected as a result of this completed transaction. 
The acquisition is financed through a five-year USD denominated credit facility from Swedbank. Gordon-Darby will be included under Opus’ Vehicle Inspection Division, Segment U.S. & Rest of World.
About Gordon-Darby
Gordon-Darby Inc. (Gordon-Darby) is a leading U.S.-based government services company specializing in vehicle inspection and fish & game licensing, headquartered in Louisville, Kentucky with operations in Arizona, New Hampshire and Texas. Founded in 1982, Gordon-Darby has earned its reputation as a quality-minded government services company focusing on the development, implementation, and operation of vehicle inspection and licensing programs in the U.S.  With 280 employees, Gordon-Darby provides its own software technology and advanced testing products to deliver customer-focused inspection and licensing services under government contract in the three named states. In 2017, the company had revenues of approximately USD 35 million US, with the overwhelming majority coming from vehicle inspection programs. 
Gothenburg, February 1, 2018
Opus Group AB (publ)
This information is information that Opus Group AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 08:30 CET on February 1, 2018.

For additional information, please contact:
Lothar Geilen, CEO
Tel: +46 31 748 34 00
E-mail: lothar.geilen@opus.se

Helene Carlson
Director of Corporate Communications & Investor Relations
Phone: +46 765 25 84 93
E-mail: helene.carlson@opus.se

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Contact

  • Lothar Geilen

    Lothar Geilen

    Chief Executive Officer (CEO)
    Phone: +46 31 748 34 00

  • Helene Carlson

    Helene Carlson

    Director of Corporate Communications & Investor Relations
    Phone: +46 31 748 34 93

Video

Annual Report