CONCENTRIC INTERIM REPORT JANUARY –MARCH 2021
FIRST QUARTER · Net sales: MSEK 432 (456) – sales were down –5% year-on-year. After adjusting for impact of currency (–10%) and Allied Enterprises (+5%) sales year-on-year remained flat. · Operating income: MSEK 95 (87), generating an operating margin of 21.9% (19.1). · Net income for the period: MSEK 72 (60); basic EPS of SEK 1.90 (1.60). · Cash flow from operating activities: MSEK 73 (81); continuing strong cash generation. · Group’s net debt: MSEK –90 (27); gearing ratio of –7% (2). Net remeasurement gain on pension liabilities of MSEK 115 drove the reduction in net debt.