Brief: Concentric Expects Net Sales In Q1 Slightly Lower Than In Q4

Concentric AB

07/02/2024 07:16

Feb 7 (Reuters) - Concentric AB  CONIC.ST :
    * BOARD OF DIRECTORS PROPOSES A DIVIDEND OF SEK 4.25 (4.00)
PER
SHARE
    * SALES IMPACTED BY MARKET DECLINE AND CUSTOMER DESTOCKING,
NECESSITATING FURTHER OPERATIONAL COST REDUCTIONS
    * DESTOCKING ACTIVITY AND A WEAKER -MARKET HAVE
SIGNIFICANTLY
IMPACTED OUR SALES
    * WE ESTIMATE THAT OUR END-MARKETS WILL BE WEAKER DURING
2024
    * WE EXPECT NET SALES IN Q1 OF 2024 TO BE SLIGHTLY LOWER
THAN NET
SALES ACHIEVED IN Q4 OF 2023

Source text for Eikon:  ID:nWkr7c3MdW 
Further company coverage:  CONIC.ST 

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