Concentric's earnings up in Q3 2018.
NORDIC BUSINESS REPORT-October 31, 2018-Concentric's earnings up in Q3 2018
(C)2018 M2 COMMUNICATIONS http://www.m2.com
Concentric ab (STO:COIC) reported on Tuesday that its earnings after tax amounted to SEK108m, or EPS of SEK2.74, for the third quarter 2018, from July 2018 to September 2018.
This was an increase over earnings after tax of SEK72m, or EPS of SEK1.79, in Q3 2017.
Net sales for the quarter were SEK622m, up by 12% as compared with SEK515m in Q3 2017. The increase was 9% after adjusting for currency.
Regarding outlook, Concentric will see one-off profits during the fourth quarter of 2018 due to end of contract pricing on specific engine platforms associated with a global OEM's ambition to have dual supply contracts for all its sourced products. The underlying business is performing well and the company reiterates its...
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