Opus Group AB
Opus intends to apply for listing on NASDAQ OMX Stockholm in 2012 and adopts new financial targets
Opus Prodox AB 22.02.2012 09:06 Dissemination of a Adhoc News, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Gothenburg, Sweden, 2012-02-22 09:06 CET (GLOBE NEWSWIRE) -- The Board of Directors of Opus Prodox AB (publ) has decided to apply for a listing of its shares on NASDAQ OMX Stockholm, the main list, during 2012. In connection with the Year-End Report 2011 and the recent acquisition of ESP, Inc. in the U.S., the Board of Directors have also reviewed and decided on new financial targets, as well as a new dividend policy for the Group. Opus new financial targets, over a business cycle, are: - Annual growth in revenues of 10% - EBITDA margin of at least 10% - Interest-bearing net debt relative to EBITDA should not exceed 3.0 times Opus dividend policy is to distribute 10-20% of profit at the EBITDA level, provided the company meets the financial target for net indebtedness. For 2011, the Board will propose that a dividend of SEK 0.02 (SEK 0) per share will be paid out. This press info is available in Swedish at www.opus.se. For additional information, please contact Magnus Greko, President and CEO Phone: +46 31 748 34 91 E-mail: magnus.greko@opus.se Opus' Certified Adviser Thenberg & Kinde Fondkommission AB Box 2108 SE-403 12 Gothenburg Sweden Phone: +46 31 745 50 00 -------------- The Opus Group is in the business of developing, producing and selling products and services within Automotive Test Equipment, Vehicle Inspection Systems and Fleet Management for the global market. The Group's products include emission analyzers, diagnostic equipment and automatic test lines. Services include management of mandatory vehicle inspection programs. The Group sells its products and services in more than 50 countries all over the world and currently employs around 330 persons. The turnover for 2011 was approx. SEK 232 million. Opus' share is listed on First North Premier (NASDAQ OMX) under the ticker OPUS. News Source: NASDAQ OMX 22.02.2012 DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- Language: English Company: Opus Prodox AB Sweden Phone: Fax: E-mail: Internet: ISIN: SE0001696683 WKN: End of Announcement DGAP News-Service ---------------------------------------------------------------------------
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