Opus Group AB (publ) announced unaudited consolidated and parent earnings results for the fourth quarter and year ended December 31, 2017. For the quarter, on consolidated basis, the company reported net sales of SEK 496,016,000 against SEK 430,276,000 a year ago. Total operating income was SEK 496,973,000 against SEK 430,677,000 a year ago. Earnings before interest, taxes, depreciation and amortization were SEK 62,362,000 against SEK 67,770,000 a year ago. EBITA was SEK 31,537,000 against SEK 38,244,000 a year ago. Earnings before interest and taxes were SEK 10,085,000 against SEK 17,331,000 a year ago. Loss after financial items was SEK 24,608,000 against profit of SEK 36,167,000 a year ago. Profit for the period was SEK 24,481,000 against SEK 21,445,000 a year ago. Profit attributable to the parent company shareholders was SEK 27,620,000 against SEK 22,958,000 a year ago. Earnings per share after dilution were SEK 0.09 against SEK 0.08 per share before and after dilution a year ago. Cash flow from operating activities was SEK 34,825,000 against SEK 39,225,000 a year ago. Investments in tangible assets were SEK 56,191,000 against SEK 47,854,000 a year ago. Investments in intangible assets were SEK 4,250,000 against SEK 1,719,000 a year ago.

For the year, on parent basis, the company reported net sales of SEK 1,857,511,000 against SEK 1,697,150,000 a year ago. Total operating income was SEK 1,859,839,000 against SEK 1,698,625,000 a year ago. Earnings before interest, taxes, depreciation and amortization were SEK 308,106,000 against SEK 332,018,000 a year ago. EBITA was SEK 187,971,000 against SEK 224,748,000 a year ago. Earnings before interest and taxes were SEK 106,812,000 against SEK 149,153,000 a year ago. Profit after financial items was SEK 2,777,000 against SEK 145,223,000 a year ago. Profit for the period was SEK 73,772,000 against SEK 85,377,000 a year ago. Profit attributable to the parent company shareholders was SEK 81,157,000 against SEK 87,051,000 a year ago. Earnings per share after dilution were SEK 0.27 against SEK 0.29 a year ago. Cash flow from operating activities was SEK 185,736,000 against SEK 204,204,000 a year ago. Investments in tangible assets were SEK 209,029,000 against SEK 127,244,000 a year ago. Investments in intangible assets were SEK 18,178,000 against SEK 17,155,000 a year ago. Return on total assets was 3.5% against 5.4% a year ago. Return on equity was 8.2% against 9.1% a year ago. Net debt as at December 31, 2017 was SEK 965,638,000 against SEK 684,768,000 a year ago. Cash flow from operating activities per share, after dilution was SEK 0.63 against SEK 0.68 a year ago. Net sales has been positively affected by the acquisition of the three vehicle inspection concessions in Córdoba, Argentina, finalized on March 2, 2017, by the acquisition of Autologic, finalized on June 16, 2017, and negatively by FX effects.

For the quarter, on parent basis, the company reported net sale of SEK 4,798,000 against SEK 3,230,000 a year ago. Total operating income was SEK 4,812,000 against SEK 3,296,000 a year ago. EBITDA was SEK 8,461,000 against SEK 3,413,000 a year ago. LBIT was SEK 8,670,000 against SEK 3,515,000 a year ago. EBT was SEK 20,883,000 against SEK 78,227,000 a year ago. Profit before tax was SEK 133,431,000 against SEK 82,843,000 a year ago. Profit for the period was SEK 105,578,000 against SEK 64,624,000 a year ago.

For the year, on parent basis, the company reported net sale of SEK 17,429,000 against SEK 13,260,000 a year ago. Total operating income was SEK 17,429,000 against SEK 13,348,000 a year ago. EBITDA was SEK 16,082,000 against SEK 19,382,000 a year ago. LBIT was SEK 16,708,000 against SEK 19,765,000 a year ago. LBT was SEK 33,200,000 against EBT of SEK 133,027,000 a year ago. Profit before tax was SEK 79,348,000 against SEK 137,643,000 a year ago. Profit for the period was SEK 81,091,000 against SEK 105,103,000 a year ago.

The Board of Opus Group has adopted financial targets: Opus Group´s financial targets are: Revenue of USD 400 million to be achieved in the fiscal year 2021 and EBITDA of USD 100 million.

The company expects 2018 corporate income tax is going to be around 25% to 30%. It expects revenue to continue grow obviously with significant increase already in 2018, in part due to the acquisition of Gordon-Darby.