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] –