OPCON: Interim report January-September 2012

Regulatory News:

Opcon AB (STO:OPCO):

Agreement on sale of Engine Efficiency signed

• Significant market slowdown in Q3
• Improvement in earnings over Q1-Q3, EBITDA of SEK –8.4 million (–23.8 m)
• Fall for Engine Efficiency in Q3
• Sale of Engine Efficiency after end of period, purchase price is SEK 218 million
• Board proposes new share issue worth around SEK 91 million

Q1-3, January-September 2012

• Net sales amounted to SEK 446.2 million (425.5 m)
• Operating loss (EBITDA) was SEK 8.4 million (–23.8 m)
• Operating loss (EBIT) was SEK 33.7 million (–51.4 m)
• Loss after tax of SEK 35.9 million (–46.4 m)
• Earnings per share SEK –0.28 (–1.95)

Q3, July-September 2012

• Net sales amounted to SEK 109.0 million (142.2 m)
• Operating loss (EBITDA) was SEK 15.2 million (+2.4 m)
• Operating loss (EBIT) was SEK 21.5 million (–7.2 m)
• Loss after tax of SEK 21.3 million (–9.1 m)
• Earnings per share SEK –0.16 (–0.39)

Important events after the end of the period

• On 7 November 2012 Opcon reached an agreement concerning the sale of its subsidiary, SEM AB, of Åmål, Sweden, and SEM’s subsidiary, SEM Technology Suzhou Co., Ltd. of China, which together form the Engine Efficiency business area. The purchase price is made up of SEK 218.3 million on a debt-free basis and a performance-based component that can increase or decrease the final purchase price by a maximum of SEK 10 million. The buyer is the private equity firm Perusa Partner Fund 2. It is expected that the sale will be completed in the second half of November 2012.

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