Concentric AB publishes Annual Report for 2022

Concentric AB published today the Annual Report for 2022 on www.concentricab.com and is available in both Swedish and English. The Swedish Annual Report is also available in European Single Electronic Format (ESEF).

Link to Annual Report 2022

https://www.concentricinvestors.com/_downloads/AGM-2023/Concentric_AR2022_ENG.pdf

Link to ESEF Report 2022 (in Swedish)

https://www.concentricinvestors.com/_downloads/AGM-2023/Concentric_AR2022_SWE.zip

This disclosure contains information that Concentric AB is obliged to make public pursuant to the Swedish Securities Markets Act (2007:528). The information was submitted for publication, through the agency of the contact person, at 8.00 CET on 24 March 2023

For additional information please contact Marcus Whitehouse, telephone +44-121-445 6545

Concentric AB is an innovator in flow control and fluid power, supplying proprietary systems and components to the world’s truck, agricultural machinery, construction equipment and industrial applications end-markets. The company has a global manufacturing presence including in the UK, USA, Germany, Sweden, India and China. Concentric’s focus is to develop world class technology with innovative solutions that meet the sustainability needs of our customers. Concentric offers engine products including lubricant, coolant and fuel pumps, hydraulic products encompassing gear pumps and power packs, and finally several key technologies for the fast growing market for electrical and hybrid powertrains. In 2021, The Group had a turnover of MSEK 2,115 and circa 1,100 employees. At the end of October 2021, The Group acquired Engineered Machined Products, Inc. ("EMP"), a leading US producer of electric and mechanical water and oil pumps, electric fans, thermal management systems and precision machined components. In 2021, EMP had over 400 employees and a turnover of  SEK 1,011 million. Including EMP for the whole year 2021, Concentric would have had a combined turnover of SEK 2,958 million.