Opus Group AB (publ) reported unaudited consolidated and parent earnings results for the second quarter and six months ended June 30, 2018. For the quarter, on consolidated basis, net sales were SEK 651.234 million against SEK 475.157 million a year ago. Growth was supported by acquisitions as well as by good organic growth of about 12%. EBITDA was SEK 142.489 million against SEK 90.362 million a year ago. EBITA was SEK 108 million against SEK 60 million a year ago. Loss for the period was SEK 27 million against profit of SEK 28 million a year ago. EBITA was SEK 107,932,000 against SEK 59,927,000 a year ago. Earnings before interest and tax (EBIT) were SEK 60,025,000 against SEK 40,865,000 a year ago. Loss for the period parent company shareholders was SEK 15,736,000 against profit of SEK 29,694,000 a year ago. Loss per share before and after dilution was SEK 0.05 against earnings per share before and after dilution of SEK 0.10 a year ago. Investments in tangible assets were SEK 64,114,000 against SEK 52,905,000 a year ago. Cash flow from operating activities was SEK 111.294 million against SEK 31.868 million a year ago. Investments in intangible assets were SEK 3,668,000 against SEK 1,075,000 a year ago. Total operating income was SEK 651,547,000 against SEK 475,563,000 a year ago. Investments in tangible assets were SEK 64,114,000 against SEK 52,905,000 a year ago.

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.