OPCON: Interim report October-December 2012

ÅMÅL, Sweden--()--Regulatory News:

OPCON AB (PUBL) (STO:OPCO), THE ENERGY AND ENVIRONMENTAL TECHNOLOGY GROUP

Refinement, restructuring, renewal – financial and operational

  • Refinement – Engine Efficiency business area sold, capital gains of SEK 83.5 million, reported as divested business
  • Directed share issue worth SEK 83.9 million completed
  • Interest-bearing liabilities worth around SEK 160 million settled in Q4 2012
  • Restructuring initiated within bioenergy, focus on continued growth in Germany and the UK, and on Saxlund’s and SRE’s core business
  • Savings within the Group following sale of Engine Efficiency business area will successively reduce the cost base by SEK 10-15 million annually, full effect expected from second half of 2013
  • Sales and earnings remain weak in Q4
  • Earnings for remaining business in Q4 affected by one-off items amounting to SEK 82.4 million, of which SEK 57.6 million attributable to write-down of deferred tax

Q4, October–December 2012, remaining business

  • Net sales amounted to SEK 55.1 million (110.6 m)
  • Operating loss (EBIT) was SEK 52.6 million (–13.7 m)
  • Loss after tax of SEK 120.0 million (–12.2 m)
  • Earnings per share SEK –0.25 (–0.07)

Q1-4, January–December 2012

  • Net sales amounted to SEK 316.9 million (367.4 m)
  • Operating loss (EBIT) was SEK 104.1 million (–84.4 m)
  • Loss after tax of SEK 166.2 million (–69.9 m)
  • Earnings per share SEK –0.54 (–1.31)

Important events after the end of the period

  • Directed issue of 12,087,454 shares at SEK 0.59 per share for GEM Global Yield Fund Ltd.

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Contacts

OPCON
Rolf Hasselström
President and CEO
+46 8 466 45 00, +46 70 594 79 60
or
Göran Falkenström
deputy CEO and CFO
+46 532 611 22, +46 70 330 05 02
or
Niklas Johansson
deputy CEO, Investor Relations
+46 8 466 45 11, +46 70 592 54 53

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Contacts

OPCON
Rolf Hasselström
President and CEO
+46 8 466 45 00, +46 70 594 79 60
or
Göran Falkenström
deputy CEO and CFO
+46 532 611 22, +46 70 330 05 02
or
Niklas Johansson
deputy CEO, Investor Relations
+46 8 466 45 11, +46 70 592 54 53