CONCENTRIC INTERIM REPORT JANUARY – MARCH 2019
FIRST QUARTER · Net sales: MSEK 566 (603) – sales were down –6% y-o-y. After adjusting for impact of currency (+6%), sales in constant currency were down –12%. · Operating income: MSEK 126 (120), generating an operating margin of 22.2% (19.9). · Earnings after tax: MSEK 94 (89); basic EPS of SEK 2.43 (2.26). · Cash flow from operating activities: MSEK 102 (111); cash generation affected by lower sales. · Group’s net debt: MSEK 27 (92); gearing ratio of 2% (9). · Effects of new accounting principles for Leases – IFRS 16: The effects in the income statement are