Opcon AB announced consolidated and parent earnings results for third quarter and nine months ended Sept. 30, 2014. For the quarter, on consolidated basis, the company reported net sales of SEK 61,391,000, operating profit of SEK 19,908,000, profit before tax of SEK 17,815,000, profit attributable to parent company shareholders of SEK 11,990,000 or SEK 0.03 per basic and diluted share compared to the net sales of SEK 69,573,000, operating loss of SEK 4,118,000, loss before tax of SEK 5,533,000, loss attributable to parent company shareholders of SEK 7,672,000 or SEK 0.02 per basic and diluted share for the same quarter a year ago. Cash inflow from current activities was SEK 43,023,000 compared to cash outflow from current activities of SEK 273,000 a year ago. Total cash inflow from the business was SEK 46,488,000 compared to total cash outflow from the business of SEK 25,806,000 a year ago. Earnings were also affected by delays and project reviews in the Swedish bioenergy business worth around SEK 3.5 million along with an increased obsolescence reserve and periodisation error within Waste Heat Recovery worth around SEK 3 million.

For the year to date, on consolidated basis, the company reported net sales of SEK 183,671,000, operating profit of SEK 9,399,000, profit before tax of SEK 6,838,000, loss attributable to parent company shareholders of SEK 3,497,000 or SEK 0.01 per basic and diluted share compared to the net sales of SEK 206,266,000, operating loss of SEK 25,869,000, loss before tax of SEK 34,783,000, loss attributable to parent company shareholders of SEK 37,651,000 or SEK 0.10 per diluted share for the same period a year ago. Cash inflow from current activities was SEK 31,010,000 compared to cash outflow from current activities of SEK 26,376,000 a year ago. Total cash flow from the business was SEK 21,860,000 compared to total cash outflow from the business of SEK 92,865,000 a year ago

For the quarter, on parent basis, the company reported net sales of SEK 5,191,000, operating profit of SEK 45,685,000, and profit for the period of SEK 47,226,000 compared to the net sales of SEK 5,674,000, operating loss of SEK 5,429,000, loss for the period of SEK 4,038,000 for the same quarter a year ago. Earnings before tax were SEK 44.1 million compared to loss before tax of 4.0 million a year ago.

For the year to date, on parent basis, the company reported net sales of SEK 13,526,000, operating profit of SEK 36,650,000, and profit for the period of SEK 41,867,000 compared to the net sales of SEK 26,061,000, operating loss of SEK 13,762,000, loss for the period of SEK 13,160,000 for the same quarter a year ago. Sales primarily relate to invoicing for rents and internal administration services but also include some assignments for customers, which have decreased since last year. Earnings before tax were SEK 38.7 million compared to loss before tax of 13.2 million a year ago.