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Concentric AB (CONIC.ST)

CONIC.ST on Stockholm Stock Exchange

152.60SEK
18 Apr 2019
Change (% chg)

2.40kr (+1.60%)
Prev Close
150.20kr
Open
149.60kr
Day's High
152.80kr
Day's Low
149.60kr
Volume
7,426
Avg. Vol
54,923
52-wk High
174.20kr
52-wk Low
97.00kr

Latest Key Developments (Source: Significant Developments)

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

Concentric Q1 sales and earnings rise yr/yr
Wednesday, 3 May 2017 

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..  Full Article