CONCENTRIC INTERIM REPORT JANUARY – DECEMBER 2016
FOURTH QUARTER · Net sales: MSEK 473 (504) – down 7% y-o-y, after adjusting for currency (+1%). · Operating income: MSEK 86 (83), generating an operating margin of 18.2% (16.4) – underlying operating margin was 17.4% (16.9), adjusting for restructuring expenses and pension related items affecting comparability. · Earnings after tax: MSEK 64 (54); basic EPS of SEK 1.57 (1.32). · Solid cash flow generated from operating activities: MSEK 100 (127) driven by continued tight management of working capital. · Dividend: Based on the Group’s earnings and strong financial position, the