Environmental and safety control of vehicles

Opus Group

Headquartered in Gothenburg, Sweden, Opus Group offers vehicle inspection programs for safety testing and emission controls, equipment sales and servicing, and support of advanced vehicles globally. Opus operates in both centralised and decentralised vehicle inspection programs, with the decentralised programs concentrated to the US. Opus also offers Equipment-as-a-Service contracts to decentralised workshops in parts of the US. While Sweden is an important division for Opus, the company is the market leader in the US and is present in Latin America, Pakistan, Spain, the UK and Australia.

Financials

OPUS GROUP

SEKm 2017 2018 2019
Sales 1858 2482 2728
Sales growth (%) 9,4 33,6 9,9
EBITDA 308 511 597
EBITDA margin (%) 16,6 20,6 21,9
EBIT adj 107 239 316
EBIT adj margin (%) 5,8 9,6 11,6
Pretax profit 3 59 212
EPS rep 0,27 0,17 0,6
EPS growth (%) -5,2 -36,9 248
EPS adj 0,55 0,62 1,02
DPS 0,05 0,12 0,15
EV/EBITDA (x) 9,4 6,4 5,3
EV/EBIT adj (x) 27,1 13,6 9,9
P/E (x) 23,7 32,1 9,2
P/E adj (x) 11,8 8,9 5,4
EV/sales (x) 1,6 1,3 1,2
FCF yield (%) -11,8 -33,3 6
Dividend yield (%) 0,8 2,2 2,7
Net IB debt/EBITDA 3,1 3,2 2,6

Main shareholders

Opus Group

Main shareholders Share capital % Voting shares %
RWC Fonder 19.6 % 19.6 %
Magnus Greko 14.0 % 14.0 %
Lothar Geilen 6.8 % 6.8 %
Andra AP-fonden 6.4 % 6.4 %
Avanza Pension 5.9 % 5.9 %
Henrik Wagner Jørgensen 3.6 % 3.6 %
Dimensional Fund Advisors 3.1 % 3.1 %
Schroders 1.2 % 1.2 %
Nordnet Pensionsförsäkring 1.2 % 1.2 %
Per Hamberg 1.0 % 1.0 %