CONCENTRIC INTERIM REPORT JANUARY – MARCH 2015
First quarter of 2015: Solid results strengthened by currency gains · Net sales for Q1, excluding Alfdex: MSEK 623 (496) – up 1% year-on-year, after adjusting for currency (+21%) and acquisition of GKN Pumps (+4%) · Operating income for Q1: MSEK 117 (77), including negative goodwill of MSEK 15 (nil) recognised on acquisition of GKN Pumps – operating margin of 18.8% (15.5) · Earnings after tax for Q1: MSEK 89 (53) – basic and diluted EPS of SEK 2.10 (1.20) · Group’s net debt for Q1: MSEK 630 (343) – gearing ratio of 84% (40) President and CEO, David Woolley, comments on