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BRIEF-Concentric Q1 sales and earnings rise yr/yr
May 3, 2017 / 6:07 AM / 7 months ago

BRIEF-Concentric Q1 sales and earnings rise yr/yr

May 3 (Reuters) - Concentric AB

* Q1 net sales: MSEK 546 (518) - up 4% y-o-y, after adjusting for currency (+1%).

* Q1 operating income: MSEK 100 (85), generating an operating margin of 18.3% (16.5).

* Says looking forward, orders received, and expected to be fulfilled during Q2 of 2017, were slightly ahead of sales levels of Q1 of 2017

* Says we expect that positive demand trend for all European end-markets will continue

* Says market indices suggest that production volumes blended to Concentric’s end-markets and regions will be up 2% year-on-year for 2017

* Says remains well positioned both financially and operationally, to fully leverage our market opportunities. Source text for Eikon: Further company coverage: (Stockholm Newsroom)

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