Concentric AB announces a restatement of segmental reporting
Following the acquisition of EMP and an internal organisation and reporting review, the Board of Directors has decided Concentric AB will report by technology segments, namely Engines and Hydraulics, rather than geographical regions, which is consistent with both how the business will be managed and reported internally in the future. The Engine division will include all Concentric, Licos and EMP branded engine products, including royalties and net income from our joint venture, Alfdex. The Hydraulics division will include Concentric and Allied branded hydraulic products. This change is