CONCENTRIC INTERIM REPORT JANUARY – MARCH 2017
FIRST QUARTER · Net sales: MSEK 546 (518) – up 4% y-o-y, after adjusting for currency (+1%). · Operating income: MSEK 100 (85), generating an operating margin of 18.3% (16.5). · Earnings after tax: MSEK 74 (60); basic EPS of SEK 1.83 (1.46). · Solid cash flow generated from operating activities: MSEK 78 (64) driven by management of working capital. · Group’s net debt: MSEK 224 (513); gearing ratio of 29% (63).President and CEO, David Woolley, comments on Q1 2017 interim report.Sales developmentGroup sales for the first quarter were up year-on-year by 4% in constant