Brief: Concentric Q3 Operating Income Grows To SEK 114 Million

Concentric AB

03/11/2021 07:08

Nov 3 (Reuters) - Concentric AB  CONIC.ST :
    * Q3 NET SALES SEK 515 MILLION VERSUS SEK 324 MILLION YEAR
AGO
    * Q3 OPERATING INCOME SEK 114 MILLION VERSUS SEK 57 MILLION
YEAR
AGO
    * WE HAVE CONTINUED TO MANAGE OUR CUSTOMERS NEAR TERM
PRODUCT
DEMANDS, HOWEVER, WE NOW EXPECT DISRUPTION IN SUPPLY CHAIN TO
CONTINUE INTO FIRST HALF OF 2022
    * WE ALSO EXPECT MAJORITY OF SALES ORDER BACKLOG,
PREDOMINANTLY
RELATING TO OUR NORTH AMERICAN BUSINESSES, WILL BE SUPPLIED TO
OUR CUSTOMERS DURING FIRST HALF OF 2022
    * CONCENTRIC RESULTS FOR Q4 WILL CONTAIN TWO TRADING MONTHS
OF
RECENT ACQUISITION, EMP, WHO CURRENTLY FORECAST FULL YEAR
REVENUES OF ABOUT MSEK 1,095 AND AN ADJUSTED EBITDA OF ABOUT
MSEK 147

Source text for Eikon:  ID:nWkr19Kmt4 
Further company coverage:  CONIC.ST 

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