Concentric AB (CONIC.ST)
* Q1 net sales: MSEK 546 (518) - up 4% y-o-y, after adjusting for currency (+1%).
BRIEF-Concentric pumps on new compact engine with maker of agricultural machinery and construction equipment
* Says Concentric has been awarded a four year contract to supply oil and coolant pumps to a leading global OEM of agricultural machinery and construction equipment for the launch of their new compact diesel engine
* Concentric AB secures order for new electric oil pump technology with leading global OEM
* Concentric announces impact of restructuring plans to align its resources to the lower activity levels