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Concentric AB (CONIC.ST)

CONIC.ST on Stockholm Stock Exchange

141.00SEK
5:00pm BST
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141.00kr
Open
140.00kr
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143.80kr
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140.00kr
Volume
40,621
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48,275
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170.80kr
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97.00kr

Latest Key Developments (Source: Significant Developments)

Concentric Decides To Buy Back Own Shares On Nasdaq Stockholm
Thursday, 13 Jun 2019 

June 13 (Reuters) - Concentric AB ::ACQUIRES OWN SHARES.HAS DECIDED TO BUY BACK OWN SHARES ON NASDAQ STOCKHOLM..ANY ACQUISITION OF SHARES WILL TAKE PLACE BEFORE ANNUAL GENERAL MEETING 2020 AND SHALL COVER NO MORE THAN 3,922,410 SHARES.ACQUISITIONS WILL BE MANAGED BY AN INVESTMENT FIRM OR FINANCIAL INSTITUTION.SHARES WILL BE REPURCHASED AT A PER-SHARE PRICE WITHIN STOCK MARKET PRICE INTERVAL REGISTERED AT ANY GIVEN TIME.  Full Article

Concentric Q1 Operating Income Rises To SEK 126 Million
Tuesday, 7 May 2019 

May 7 (Reuters) - Concentric AB ::CONCENTRIC INTERIM REPORT JANUARY - MARCH 2019.Q1 NET SALES: MSEK 566 (603) - SALES WERE DOWN -6% Y-O-Y.Q1 OPERATING INCOME SEK 126 MILLION VERSUS SEK 120 MILLION YEAR AGO.Q1 OPERATING INCOME: MSEK 126 (120), GENERATING AN OPERATING MARGIN OF 22.2% (19.9)..UNDERLYING SALES ORDER BOOK REMAINS STRONG AND LEVEL OF ORDERS RECEIVED IN fiRST QUARTER INDICATE THAT SALES IN Q2 2019 WILL BE BROADLY IN LINE WITH SALES IN fiRST QUARTER.MARKET INDICES PREDICT THAT PRODUCTION VOLUMES BLENDED TO CONCENTRIC'S END-MARKETS AND REGIONS WILL BE UP 4% YEAR-ON-YEAR FOR 2019, WHICH IS LOWER THAN 7% GROWTH RATE IN 2018.OUR EXPECTATION REMAINS THAT DEMAND FOR MEDIUM- AND HEAVY-DUTY TRUCKS, PARTICULARLY IN NORTH AMERICA COULD WEAKEN TOWARDS END OF 2019.  Full Article

Concentric Wins Contracts For Next Generation Steering Systems
Friday, 3 May 2019 

May 3 (Reuters) - Concentric AB ::CONCENTRIC WINS CONTRACTS FOR NEXT GENERATION STEERING SYSTEMS.HAS WON FIVE ELECTRO-HYDRAULIC STEERING SYSTEMS CONTRACTS WORTH AN ESTIMATED TOTAL OF EUR 9 MILLION (SEK 94 MILLION) OVER FIVE YEARS.  Full Article

Concentric Loses Business With A Global OEM
Thursday, 13 Sep 2018 

Sept 13 (Reuters) - Concentric AB ::CONCENTRIC LOSES BUSINESS WITH A GLOBAL OEM, BUT UNDERLYING BUSINESS PERFORMING WELL.CONCENTRIC AB - THERE WILL BE ONE-OFF PROFITS ASSOCIATED WITH END OF CONTRACT PRICING WHICH WILL INCREASE EBIT DURING Q4 2018.CONCENTRIC- RECEIVED NOTICE FROM OEM THAT WILL RESULT IN LOSS OF SALES FOR CONCENTRIC IN 2019 AMOUNTING TO ABOUT 10% OF PROJECTED SALES IN 2018.CONCENTRIC AB -WILL CONTINUE TO SUPPLY GLOBAL OEM AND THEIR JOINT VENTURE ASSOCIATES WITH PUMPS TO ITS AMERICAS, INDIA & CHINA OPERATIONS.CONCENTRIC AB - CONCENTRIC WILL CONTINUE TO SUPPLY GLOBAL OEM AND THEIR JOINT VENTURE ASSOCIATES WITH PUMPS TO ITS AMERICAS, INDIA & CHINA OPERATIONS.CONCENTRIC AB -UNDERLYING BUSINESS IS PERFORMING WELL AND OPERATING MARGIN, BEFORE THESE ONE-OFF PROFITS IS NOW EXPECTED TO BE 22% FOR FULL YEAR 2018.  Full Article

Concentric AB ‍Says Q4 Net Sales Up At Sek 503 Million​
Wednesday, 7 Feb 2018 

Feb 7 (Reuters) - Concentric Ab ::‍Q4 NET SALES: MSEK 503 (473) - UP 12% Y-O-Y, AFTER ADJUSTING FOR CURRENCY (-6%).​.Q4 ‍OPERATING INCOME: MSEK 108 (86), GENERATING AN OPERATING MARGIN OF 21.4% (18.2).​.‍INTEND TO PROPOSE A TOTAL DIVIDEND OF SEK 3.75 (3.50) PER SHARE​.‍TO RENEW CURRENT MANDATE FOR SHARE BUYBACKS.​.  Full Article

Concentric Q3 operating income at SEK 96 million
Wednesday, 8 Nov 2017 

Nov 8 (Reuters) - CONCENTRIC AB ::‍Q3 OPERATING INCOME SEK 96 MILLION VERSUS SEK 81 MILLION YEAR AGO​.Q3 NET SALES SEK ‍515 MILLION VERSUS SEK 491 MILLION YEAR AGO​.‍LEVEL OF ORDERS RECEIVED IN Q3 INDICATE THAT SALES IN Q4 WILL BE BROADLY IN LINE WITH SALES IN Q3​.‍PRODUCTION VOLUMES BLENDED TO CONCENTRIC'S END-MARKETS AND REGIONS WILL BE UP 6% YOY FOR FULL YEAR 2017​.  Full Article

Concentric Q2 operating profit rises
Friday, 21 Jul 2017 

July 21 (Reuters) - Concentric AB :Q2 net sales: Msek 540 (522) - flat y-o-y, after adjusting for currency (+4%).Q2 operating income: Msek 100 (89), generating an operating margin of 18.5 pct (17.0).  Full Article