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)