Brief: Concentric Q2 Operating Income Up At SEK 164 Mln

Concentric AB

26/07/2022 08:03

July 26 (Reuters) - Concentric AB  CONIC.ST :
    * Q2 OPERATING INCOME: MSEK 164 (107), GENERATING AN
OPERATING
MARGIN OF 16.1% (22.7)
    * Q2 NET SALES: MSEK 1,021 (473)
    * IN Q2 SALES OF ELECTRIC PRODUCTS WERE MSEK 166 WHICH
EQUATES TO
16% OF GROUP SALES
    * Q3 OUTLOOK: ORDERS RECEIVED, AND EXPECTED TO BE FULFILLED
DURING
Q3, BROADLY SIMILAR TO REPORTED SALES FOR Q2 OF 2022
    * EXPECTS MAJORITY OF SALES ORDER BACKLOG TO BE SUPPLIED TO
CUSTOMERS OVER REMAINDER OF 2022, H1 2023
    * EXPECTS FURTHER SUPPLY CHAIN DISRUPTION DURING LATTER HALF
OF
2022

Source text for Eikon:  ID:nWkr1XYCBv 
Further company coverage:  CONIC.ST 

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