Opus Group AB Reports Unaudited Consolidated and Parent Earnings Results for the Second Quarter and Six Months Ended June 30, 2018; Provides Earnings Guidance for the Third Quarter of 2018
For six months, on consolidated basis, net sales were SEK 1,206.415 million against SEK 903.824 million a year ago. EBITDA was SEK 242.682 million against SEK 162.233 million a year ago. EBITA was SEK 177.400 million against SEK 101.699 million a year ago. Loss for the period was SEK 16.671 million against profit of SEK 36.553 million a year ago. EBIT was SEK 109,769,000 against SEK 62,480,000 a year ago. Total operating income was SEK 1,207,155,000 against SEK 904,543,000 a year ago. Loss for the period parent company shareholders was SEK 1,162,000 or SEK 0.00 per share before and dilution against profit of SEK 38,882,000 or SEK 0.13 per share before and dilution a year ago. Investments in tangible assets were SEK 115,013,000 against SEK 93,417,000 a year ago. Cash flow from operating activities was SEK 150.541 million against SEK 82.956 million a year ago. Net debt as at June 30, 2018 was SEK 1,633 million against SEK 884 million a year ago. Investments in intangible assets were SEK 5,216,000 against SEK 1,361,000 a year ago. Return on equity was 4.3% against 7.6% a year ago. Investments in tangible assets were SEK 115,013,000 against SEK 93,417,000 a year ago. Cash flow from operating activities per share, after dilution was SEK 0.51 compared to SEK 0.28 a year ago.
For the quarter, on parent basis, net sales were SEK 4,584,000 against SEK 4,260,000 a year ago. Total operating income was SEK 4,745,000 against SEK 4,260,000 a year ago. LBITDA was SEK 5,557,000 against SEK 3,006,000 a year ago. Loss before interest and taxes was SEK 5,784,000 against SEK 3,148,000 a year ago. EBT was SEK 82,895,000 against loss of SEK 37,937,000 a year ago. Profit for the period was SEK 64,839,000 against loss of SEK 22,892,000 a year ago.
For six months, on parent basis, net sales were SEK 8,999,000 against SEK 8,507,000 a year ago. Total operating income was SEK 9,298,000 against SEK 8,522,000 a year ago. LBITDA was SEK 8,587,000 against SEK 4,763,000 a year ago. Loss before interest and taxes was SEK 9,037,000 against SEK 5,013,000 a year ago. EBT was SEK 117,020,000 against loss of SEK 52,196,000 a year ago. Profit for the period was SEK 91,457,000 against loss of SEK 34,015,000 a year ago.
For the third quarter of 2018, the company expects strong operating results.