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  • Marcus Whitehouse

    CFO, Investor Relations


    +44 121 445 6545
  • Lennart Lindell
    +46 766 104 004

    • Quotes

    “We expect a very good market potential for this new product. As the tougher emissions legislation is enforced in Europe, by 2014 some 650,000 engines will have to comply to Power Systems Research data. Fuel cost is the single largest component representing about 30 percent of total operating cost for transport companies. However large the engine, wherever it is made and wherever it is used, there will be tougher emissions standards and increased focus on reducing fuel consumption. Our new product offers a great value proposition, says David Woolley CEO of Concentric AB.
    David Woolley, CEO
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    CONCENTRIC INTERIM REPORT JANUARY – DECEMBER 2015

    Full year 2015: Solid results and strong cash flow · Net sales for the full year, excluding Alfdex: MSEK 2,306 (2,078) – down 8% year-on-year, after adjusting for currency (+15%) and acquisition of GKN Pumps (+4%) · Operating income for the full year: MSEK  381 (333), including income of MSEK 13 (nil) arising from negative goodwill and one-off expenses of MSEK 14, both associated with the acquisition of GKN Pumps. Underlying operating margin of 16.6% (16.0) · Earnings after tax for the full year: MSEK 271 (241) – basic EPS of SEK 6.45 (5.54) · Strong cash flow from operating

    CONCENTRIC INTERIM REPORT JANUARY – SEPTEMBER 2015

    First nine months of 2015: Solid results strengthened by currency gains · Net sales for the first nine months, excluding Alfdex: MSEK 1,802 (1,543) – down 5% year-on-year, after adjusting for currency (+17%) and acquisition of GKN Pumps (+5%) · Operating income for first nine months: MSEK 298 (247), including income of MSEK 15 (nil) arising from negative goodwill and one-off expenses of MSEK 14, both associated with the acquisition of GKN Pumps – underlying operating margin of 16.5% (16.0) · Earnings after tax for first nine months: MSEK 217 (177) – basic EPS of SEK 5.13 (4.08)

    CONCENTRIC INTERIM REPORTJANUARY – JUNE 2015

    First six months of 2015: Solid results strengthened by currency gains · Net sales for the first six months, excluding Alfdex: MSEK 1,243 (1,023) – down 2% year-on-year, after adjusting for currency (+19%) and acquisition of GKN Pumps (+4%) · Operating income for first six months: MSEK 205 (161), including income of MSEK 15 (nil) arising from negative goodwill and one-off expenses [1] of MSEK 14, both associated with the acquisition of GKN Pumps – underlying operating margin of 16.4% (15.8) · Earnings after tax for first six months: MSEK 151 (113) – basic EPS of SEK 3.55 (2.59)

    CONCENTRIC INTERIM REPORT JANUARY – MARCH 2015

    First quarter of 2015: Solid results strengthened by currency gains · Net sales for Q1, excluding Alfdex: MSEK 623 (496) – up 1% year-on-year, after adjusting for currency (+21%) and acquisition of GKN Pumps (+4%) · Operating income for Q1: MSEK 117 (77), including negative goodwill of MSEK 15 (nil) recognised on acquisition of GKN Pumps – operating margin of 18.8% (15.5) · Earnings after tax for Q1: MSEK 89 (53) – basic and diluted EPS of SEK 2.10 (1.20) · Group’s net debt for Q1: MSEK 630 (343) – gearing ratio of 84% (40)  President and CEO, David Woolley, comments on

    Report from Concentric AB’s Annual General Meeting on 26 March 2015

    Concentric AB’s AGM was held on Thursday 26 March 2015. In main, the following resolutions were passed.As regards full details of the resolutions, a referral is made to the notice convening the AGM and the complete proposals. The notice convening the AGM and the complete proposals are available at the company’s website, www.concentricab.com. Adoption of the income statements and the balance sheets The AGM resolved to adopt the income statement and balance sheet and the consolidated income statement and consolidated balance sheet for the financial year 2014. Dividend The AGM

    Annual general meeting in Concentric AB

    The annual general meeting of Concentric AB will be held at 10 p.m. CET on Thursday 26 March 2015 at Grand Hotel, Södra Blasieholmshamnen 8, Stockholm.NOTICE OF ATTENDANCE Those wishing to attend the meeting must: 1.be recorded in the share register maintained by Euroclear Sweden AB, as of Friday 20 March 2015; and 2.notify the company of their intention to participate in the general meeting at the address Concentric AB, Ringvägen 3, SE-280 40 Skånes Fagerhult, Sweden, by telephone +46 (0)708 326 854 or by e-mail to info@concentricab.com, by Friday 20 March 2015. On giving

    Concentric - The nomination committee's proposals and their reasoned opinion in respect of the proposal regarding board of directors

    In accordance with the resolution of the annual general meeting 2014 the following were, in September 2014, appointed members of the nomination committee preceding the next scheduled annual general meeting in March 2015: Göran Espelund, chair (Lannebo Fonder), Erik Durhan (Nordea Fonder), Marianne Nilsson (Swedbank Robur Fonder) and Johan Strandberg (SEB Fonder). The nomination committee represents approximately 36 percent of the shares and votes in the company. No compensation has been paid to the nomination committee.The proposals by the nomination committee for resolutions to be passed

    CONCENTRIC INTERIM REPORT JANUARY – DECEMBER 2014

    Full Year 2014: Strong margin and cash conversion · Net sales for the full year, excluding revenues attributable to Alfdex: MSEK 2,078 (1,858) 1) – up 3% year-on-year, after adjusting for currency (+7%) and LICOS (+2%) · Operating income for the full year, including net income (after interest and tax) attributable to Alfdex: MSEK 333 (279) – operating margin of 16.0% (15.0) 1) · Earnings after tax for the full year: MSEK 241 (176) – basic EPS of SEK 5.54 (4.00) · Strong cash flow from operating activities for the full year: MSEK 340 (199) · Net debt at year-end: MSEK 528 (

    Concentric completes acquisition of GKN Sinter Metals de Argentina SA

    Concentric AB (“Concentric”) today announces the completion of the acquisition of GKN Sinter Metals de Argentina SA (“GKN Pumps”), a supplier of engine pumps in South America, strengthening  Concentric’s presence in the region. GKN Pumps has a production facility in Chivilcoy, Argentina that will provide Concentric with an important foothold in the Mercosur trade union, thereby enabling further penetration of the South American market. GKN Pumps was previously part of GKN Powder Metallurgy, a division of GKN plc (listed on UK LSE) and one of the world’s largest manufacturers of metal powder

    CONCENTRIC INTERIM REPORT JANUARY – SEPTEMBER 2014

    First nine months of 2014: Strong margin and cash conversion · Net sales for first nine months, excluding revenues attributable to Alfdex: MSEK 1,543 (1,390) 1) – up 3% year-on-year, after adjusting for currency (+5%) and LICOS (+3%) · Operating income for first nine months, including net income (after interest and tax) attributable to Alfdex: MSEK 247 (206) – operating margin of 16.0% (14.8) 1) · Earnings after tax for first nine months: MSEK 177 (130) – basic EPS of SEK 4.08 (2.96) · Strong cash flow from operating activities for first nine months: MSEK 243 (120) · Group’

    The members of the Nomination Committee for Concentric’s Annual General Meeting in 2015

    The members of the nomination committee for the Concentric Annual General Meeting 2015 have now been appointed.The AGM has resolved that Concentric’s Nomination Committee shall have four members and consist of one representative each of the four largest shareholders by votes. The members of the Nomination Committee have now been appointed based on the ownership structure as of August 29, 2014. The members are:Göran Espelund, Lannebo Fonder, Chairman of the Nomination Committee. Telephone +46 8-5622 5201, e-mail: goran.espelund@lannebofonder.seErik Durhan, Nordea AB. Telephone: +46 72

    Invitation to Concentric Capital Market Day, 9 September 2014

    Concentric has the pleasure of inviting analysts, investors and journalists to its Capital Market Day in Stockholm, Sweden, September 9, 2014.The purpose of the Capital Market Day is to present further details of Concentric’s strategy and updated financial objectives. Presentations will be done by David Woolley, CEO, on the overall strategy of the Group, David Bessant, CFO, on the new financial objectives, Martin Bradford, head of Region Americas on the hydraulics business and Andreas Wolf, head of Region Europe and Rest of World, on the engine business. Time: Doors open at 8.30 a.m.

    CONCENTRIC INTERIM REPORT JANUARY – JUNE 2014

    First six months of 2014: Strong margin and cash conversion from y-o-y growth · Net sales for H1, excluding revenues attributable to Alfdex: MSEK 1,023 (894) [1] – up 5% year-on-year, after adjusting for currency (+3%) and LICOS (+6%) · Operating income for H1, including net income (after interest and tax) attributable to Alfdex: MSEK 161 (131) – operating margin of 15.8% (14.6) [1] · Earnings after tax for H1: MSEK 113 (81) – basic EPS of SEK 2.59 (1.86) · Strong cash flow from operating activities for H1: MSEK 159 (65) · Group’s net debt for H1: MSEK 440 (638) [1] –

    Concentric AB acquires own shares

    Under the authorisation from the annual general meeting 2014, the board of Concentric AB (publ) has decided to buy back own shares on NASDAQ OMX Stockholm.The repurchase is made on the purposes determined by the annual general meeting, i.e in order to increase the flexibility for the board in connection to potential future corporate acquisitions, as well as to be able to improve the company’s capital structure and to cover costs for the company’s incentive programs LTI 2012, LTI 2013 and LTI 2014, including any possible cash settled alternatives, and enable delivery of shares in accordance

    Report from Concentric AB’s Annual General Meeting on 30 April 2014

    Concentric AB’s AGM was held on Wednesday 30 April 2014. In main, the following resolutions were passed. As regards full details of the resolutions, a referral is made to the notice convening the AGM and the complete proposals. The notice convening the AGM and the complete proposals are available at the company’s website, www.concentricab.com.Adoption of the income statements and the balance sheets The AGM resolved to adopt the income statement and balance sheet and the consolidated income statement and consolidated balance sheet for the financial year 2013. Dividend The AGM

    CONCENTRIC INTERIM REPORT JANUARY – MARCH 2014

    First quarter of 2014: Positive trend for sales and margins has continued · Net sales for Q1, excluding revenues attributable to Alfdex: MSEK 496 (422) [1] – up 9% year-on-year, after adjusting for currency (+3%) and LICOS (+6%) · Operating income for Q1, including net income (after interest and tax) attributable to Alfdex: MSEK 77 (58) – operating margin of 15.5% (13.7) [1] · Earnings after tax for Q1: MSEK 53 (37) – basic and diluted EPS of SEK 1.20 (0.84) [1] · Group’s net debt for Q1: MSEK 342 (452) [1] – gearing ratio of 40% (72) [1] The 2013 comparative figures for

    ANNUAL GENERAL MEETING IN CONCENTRIC

    The Concentric AB board of directors has resolved to convene an annual general meeting of shareholders to be held 30 April 2014 with, among other things, a proposal on a performance based incentive program. Further details on this and other proposals are found in the notice convening the meeting which is found below. The notice is expected to be published in the Swedish Official Gazette (Post- och Inrikes Tidningar) and on the company’s website within the next few days. Please contact Lena Olofsdotter, Corporate Communications. Telephone: +46 708 326 854.Annual general meeting in

    Andreas Wolf appointed Senior Vice President of Europe and Rest of World at Concentric

    Dr. Ing. Andreas Wolf has been appointed Senior Vice President of Europe and Rest of World (RoW) at Concentric AB, with responsibility for operations in the UK, Sweden, Germany, China and India.Andreas joined the Concentric Group as Managing Director of Licos Trucktec GmbH in June 2013 when Licos was acquired by Concentric. He had held that position since his appointment in 1998, making a major contribution to growing and developing the business. David Woolley, CEO of Concentric commented: “Andreas has played a key role in the successful integration of Licos within the Concentric group,

    CONCENTRIC INTERIM REPORT JANUARY – DECEMBER 2013

    Q4 2013: Quarterly sales and order trend improved with strong dropthrough rate· Sales for Q4: MSEK 503 (431) – up 11% year-on-year in constant currency, adjusting for acquisition of LICOS Trucktec GmbH (“Licos”) · EBIT for Q4: MSEK 75 (32), 60% dropthrough from additional sales; Operating margin of 14.9% (7.5) (1) – underlying year-on-year improvement from 13.3% to 14.9% for Q4 (2) · Net income for Q4: MSEK 46 (16) – EPS before & after dilution SEK 1.04 (0.37) (1) · Net cash inflow for Q4: MSEK 65 (78) · Group’s net debt at year-end: MSEK 391 (446), including net pension

    Concentric oil and “smart” water pumps for Euro truck engines

    Concentric AB has signed a multi-year contract with a global truck manufacturer to supply oil and variable flow water pumps for its new 11 litre engine which is designed to meet the requirements of Euro 6/EPA13 legislation.Annual revenues will be in the region of MSEK 76 , based on mature volumes of 30,000 engines per year across Europe and the US. This contract follows on from an earlier order announced in October 2012 from the same customer for water pumps on its new 13 litre engine, taking the total annual revenues anticipated for both contracts to approximately MSEK 148, based on total

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