Edition:
United States

Concentric AB (CONIC.ST)

CONIC.ST on Stockholm Stock Exchange

119.60SEK
11 Dec 2018
Change (% chg)

6.20kr (+5.47%)
Prev Close
113.40kr
Open
116.00kr
Day's High
122.40kr
Day's Low
114.60kr
Volume
52,456
Avg. Vol
48,452
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 02:13pm EDT 

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 02:00am EST 

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 02:00am EST 

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 02:00am EDT 

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 02:00am EDT 

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

Concentric Q4 op profit rose to 86 mln SEK
Thursday, 9 Feb 2017 02:07am EST 

Concentric Ab : Q4 net sales: SEK 473 mln (504) . Q4 operating income: SEK 86 mln (83), . Says board of directors intend to propose a total dividend of SEK 3.50 (3.25) per share and to renew current mandate for share buybacks. . Says market indices suggest that production volumes blended to Concentric's end-markets and regions will be flat year-on-year for 2017 .Says the increase of public spending in the US on infrastructure investments promised by the new Trump administration could have a positive impact in 2017 for most of our end-markets in the region.  Full Article