Opcon: Interim Report January–June 2014

Regulatory News:

China is the key as Opcon (STO:OPCO) looks to the future

• Efforts now initiated to develop the Chinese market and parts of South East Asia and create an industrialised manufacturing base for Opcon Powerbox together with Snowman
• Hong Kong Snowman Technology Ltd. second largest owner of Opcon following directed placement of shares
• Savings programme now being implemented that will cut annual costs by around SEK 30 million
• Reduced loss despite lower sales, loss after tax of SEK –4.8 million (–15.1 m)
• Underlying operating loss for Q2 of SEK –1.0 million (–7.4 m) before non-recurring costs

First half of 2014, January–June, remaining business

• Net sales amounted to SEK 122.3 million (136.7 m)
• Operating loss (EBIT) was SEK –10.5 million (–21.8 m)
• Loss after tax of SEK –11.0 million (–29.3 m)
• Earnings per share SEK –0.03 (–0.09)

Q2, April–June, remaining business

• Net sales amounted to SEK 54.9 million (62.7 m)
• Operating loss (EBIT) was SEK –4.6 million (–12.3 m)
• Loss after tax of SEK –4.8 million (–15.1 m)
• Underlying operating loss for Q2 of SEK –1.0 million (–7.4 m) before non-recurring costs
• Earnings per share SEK –0.01 (–0.05)

Significant events after the end of the period

• Swedish order for delivery of bioenergy plant worth around SEK 28 million
• Declaration of Intent signed with Snowman concerning formation of joint company to develop the Chinese market and create an industrialised manufacturing base for Opcon Powerbox
• Order for one Opcon Powerbox ORC and one Opcon Powerbox WST from Snowman as reference equipment for the Chinese market

The information in this report is such that Opcon is obliged to disclose in accordance with Swedish securities markets law and/or Swedish law on trading in financial instruments. This information was released for publication on Tuesday 26 August 2014, at 08.30 (CET).

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