Opcon: Interim Report January–June 2015

Regulatory News:

Opcon: (STO:OPCO)  

Divestment of Compressor Technology and Waste Heat Recovery business

· Share purchase agreement signed concerning the sale of business activities within Compressor Technology and Waste Heat Recovery for SEK 400 million, expected closing by 30 September 2015

· Operating loss (EBITDA) before depreciation for Q2 was SEK 3.4 million ( –6.4 m)

· Earnings for remaining business affected by costs attributable to divestment and over-dimensioned administration

· Strategic review of remaining business has started

Q2, April-June 2015, remaining business

· Net sales amounted to SEK 51.8 million (35.1 m)

· Operating loss (EBITDA) was SEK 3.4 million (–6.4m)

· Operating loss (EBIT) was SEK 4.2 million (–7.0 m)

· Loss after tax was SEK 5.9 million ( –6.7 m)

· Earnings per share SEK –0.01 (–0.02)

Q1-Q2, January-June 2015, remaining business

· Net sales amounted to SEK 103.2 million (86.7 m)

· Operating loss (EBITDA) was SEK 11.0 million (–8.8 m)

· Operating loss (EBIT) was SEK 12.6 million (–10.0 m)

· Loss after tax was SEK 15 million ( –9.4 m)

· Earnings per share SEK –0.04 (–0.02)

Events after the closing date

· Extra Shareholders’ Meeting of Opcon AB approved the sale of business activities within Compressor Technology and Waste Heat Recovery to Shanghai XingXueKang Investment Partnership

· Shanghai XingXueKang Investment Partnership paid the first 15% of the purchase price in accordance with the agreement

· Saxlund International GmbH received an order worth around SEK 30 million from Babcock & Wilcox Vølund A/S of Denmark for delivery of a first class handling system for a bioenergy project in the UK

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