Brief: Concentric Q2 Operating Income Rises To SEK 107 Mln

Concentric AB

21/07/2021 07:03

July 21 (Reuters) - Concentric AB  CONIC.ST :
    * CONCENTRIC INTERIM REPORT JANUARY -JUNE 2021
    * Q2  NET SALES: MSEK 473 (342) - REPORTED SALES WERE UP
+38%
YEAR-ON-YEAR.
    * Q2 OPERATING INCOME: MSEK 107 (28), GENERATING AN
OPERATING
MARGIN OF 22.7% (8.3),
    * AVAILABILITY OF CRITICAL RAW MATERIALS WILL CONTINUE TO
INFLUENCE OUR SALES DURING SECOND HALF OF YEAR AS OUR INDUSTRY
SUPPLY CHAIN STABILISES TO MEET NEW MARKET DEMAND
    * ONGOING SHORTAGE OF RAW MATERIALS AND COMPONENTS IS HAVING
AN
INFLATIONARY EFFECT, BOTH FROM METAL INDICES AND GENERAL
SUPPLIER ECONOMIC PRICE INCREASES, WHICH WILL NEED TO BE PASSED
ON TO OUR CUSTOMERS DURING SECOND HALF OF YEAR.
    * ORDERS RECEIVED, AND EXPECTED TO BE FULFILLED DURING Q3 OF
2021,
WERE SIGNIFICANTLY AHEAD OF SALES LEVELS OF Q2 IN 2021.
    * WE ALSO EXPECT MAJORITY OF SALES ORDER BACKLOG,
PREDOMINANTLY
RELATING TO OUR NORTH AMERICAN BUSINESSES, WILL BE SUPPLIED TO
OUR CUSTOMERS DURING SECOND HALF OF YEAR.

Source text for Eikon:  ID:nWkr6nDlsK 
Further company coverage:  CONIC.ST 

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