Brief: Concentric Q1 Operating Income Rises To SEK 126 Million

Concentric AB

07/05/2019 07:18

May 7 (Reuters) - Concentric AB  CONIC.ST :
    * 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

Source text for Eikon:  ID:nWkr8LjCJ0 
Further company coverage:  CONIC.ST 

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