Concentric posts earnings of SEK92m in Q2 2019.
NORDIC BUSINESS REPORT-July 25, 2019-Concentric posts earnings of SEK92m in Q2 2019
(C)2019 M2 COMMUNICATIONS http://www.m2.com
Concentric AB (STO: COIC), a manufacturer of hydraulic products and diesel engine pumps, on Wednesday reported earnings after tax of SEK92m, or EPS of SEK2.39, for the second quarter of 2019, from April to June 2019.
This was a slight decrease from earnings after tax of SEK94m, or EPS of SEK2.36, in Q2 2018.
Net sales for the quarter were SEK553m, down by 8% as compared with SEK603m in Q2 2018. After adjusting for impact of currency of a positive 4%, sales in constant currency were down by 12%.
Concentric said that sales in the quarter were broadly in line with its prior guidance.
The company has reduced...
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