Opus Group Annual 2011 Report ENG

16
OPUS 2011
EUROPE & ASIA
Manufacturing of equipment for environmental and safety
testing, as well as a trading house for workshop equipment
In Europe & Asia, operations are based on the sales of
test and vehicle workshop equipment. The goal is to offer
complete solutions for testing stations or workshops. In
several countries, the vehicle workshops perform vehicle
inspections and therefore it is important to offer these
customers a complete package incl. more products, installation,
service and calibration.
Some of the offered goods, electronic test equipment, such
as exhaust gas analyzers and brake testers, as well as test
lanes, are developed and produced in-house. Own production
facilities are located in Gothenburg and Foshan, China.
In addition to these, use is also made of manufacturing subcontractors,
who supply semi-finished goods and products
to Opus assembly plants and logistics centers. The offered
product range also includes products from other producers.
The focus is on equipment for environmental and safety
testing for the global market, with sales in more than 50
countries through distributors, but the company also
markets, through its wholly-owned subsidiary, Opus Bima
AB, workshop equipment and consumables in the Nordic
countries, where it is a leading supplier to, inter alia,
Swedish Volvo dealers, VW, BMW, Toyota, etc.
Service and maintenance is also a very important part
of the business and through which its subsidiary, J&B
Maskinteknik AB, has built up Sweden’s leading service
organization, with a nationwide service organization that
also performs accredited calibration for vehicle inspection
stations and workshops that resolve errors highlighted
during inspection.
Solid revenue growth in 2011
Europe & Asia had an organic revenue growth in 2011 of approx.
14 percent (16). EBITDA increased to SEK 10 million (4),
representing a margin of 6%. Demand for its products and
services continued to increase and during the year new
long-term customer contracts have been successfully won.
At the end of the year, Opus acquired a division within
consumables from the Volvo Car Corporation (VCC). The
activities will contribute to revenues and profits in 2012.
The deregulation of the vehicle inspection market in
Sweden has now gathered momentum and Opus sees
good opportunities for equipment sales and service
in the future. This is due to the expectation that the
number of test lines on the market is expected to double
over the next few years.
2011 2010
65%
Net SALES 149 620 132 720
EBITDA 9 749 3 872
EBITDA margin % 6,40% 2,90%
BUSINESS AREA EUROPE & ASIA
SHARE OF TOTAL SALES
BUSINESS AREA EUROPE & ASIA
RESPONSIBLE: Magnus Greko
PRODUCTS OFFEREDE IN
BUSINESS AREA EUROPE & ASIA
Vehicle Inspection - Environmental
and safety
Exhaust gas sensor devices and OBD
equipment
Brake testers
ATL – Automatic Test Lines
Fleet Management – bilparkshantering
Alcohol meeter
Alcolock
Electronic driver log
BUSINESS AREA EUROPE & ASIA
has sales worldwide.
Workshop Equipment
Diagnostic equipment
AC Service equipment
Wheel and tyre equipment
Lifts