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Opus gains market share in Sweden during Q3

Swedish vehicle inspection specialist Opus has continued to gain market share in the Swedish market during the third quarter. During the Q3, the company had on average 27,9%, second only to AB Svensk Bilprovning with 28,5 % on average.

Opus has steadily increased its market share throughout the year. During Q1 the company had on average 25,9 %, 27,5% in Q2. Opus was even briefly number 1 in the market in July.

marknadsandelar-bilbesiktning

Still, as we have highlighted before, Sweden is only the minority of Opus’ business (cirka 33%). The company is the clear market leader in North America and has consequently a large exposure to the USD. Here we note that the USD has strengthened significantly versus the SEK during the last 12-months, which will have a positiveimpact on Opus’ revenues.

usdsek

Nordic Investor

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