Year-End Report (Jan – Dec, 2011) (1)

Press
POSTED 22 February 2012

Year-End Report (Jan – Dec, 2011)

Key Highlights
> EBITDA of SEK 28.6 million, 12 percent margin, includes total acquisition costs for ESP, Inc. of SEK 2.5 million
> Acquisition of ESP Inc. closed in January 2012, increasing future revenues by approx. 65% and net profit per share of approx. SEK 0.05
> Continued good profitability in North America - EBITDA margin of 26 percent, adjusted for ESP, Inc. acquisition costs
> Continued positive development in Europe & Asia - organic growth of 14 percent and EBITDA margin of 6 percent
> Cash flow from operating activities of SEK 35.2 million
> Board proposes dividend of SEK 0.02 per share

Full Year (January – December, 2011)
• Sales increased to SEK 230.0 million (227.0)
• EBITDA decreased to SEK 28.6 million (29.8), equivalent to an EBITDA margin of 12.3 percent (13.0)
• Cash flow from operating activities before changes in working capital increased to SEK 26.9 million (26.8)
• Net earnings increased to SEK -5.2 million (-10.0)
• Earnings per share after dilution amounted to SEK -0.03 (-0.05)

Reporting Period (October – December, 2011)
• Sales increased to SEK 61.8 million (59.4)
• EBITDA decreased to SEK 2.6 million (5.9), equivalent to an EBITDA margin of 4.1 percent (9.8)
• Cash flow from operating activities before changes in working capital decreased to SEK 2.4 million (6.4)
• Net earnings decreased to SEK -5.7 million (-4.8)
• Earnings per share after dilution amounted to SEK -0.03 (-0.03)

Please see PDF


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