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Last kr95.00 SEK
Change Today -5.50 / -5.47%
Volume 46.8K
COIC On Other Exchanges
Symbol
Exchange
Stockholm
As of 11:30 AM 09/1/15 All times are local (Market data is delayed by at least 15 minutes).

concentric ab (COIC) Snapshot

Open
kr100.50
Previous Close
kr100.50
Day High
kr100.50
Day Low
kr95.00
52 Week High
04/28/15 - kr126.75
52 Week Low
10/16/14 - kr73.86
Market Cap
4.1B
Average Volume 10 Days
137.1K
EPS TTM
kr5.54
Shares Outstanding
42.9M
EX-Date
03/27/15
P/E TM
17.1x
Dividend
kr2.00
Dividend Yield
3.16%
Current Stock Chart for CONCENTRIC AB (COIC)

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concentric ab (COIC) Details

Concentric AB (publ.) manufactures and sells engine and hydraulic products worldwide. The company's engine products include lubricant, coolant, and fuel pumps for medium and heavy-duty diesel engines, transmissions, and compressors; and oil separators. Its hydraulic products comprise gear and gerotor pumps, as well as hydraulic power packs and hydraulic hybrid systems for installation in various industrial vehicles and diesel engines. The company serves the trucks, industrial applications, construction equipment, and agricultural machinery markets. Concentric AB (publ.) was founded in 1921 and is headquartered in Skånes Fagerhult, Sweden.

1,103 Employees
Last Reported Date: 07/24/15
Founded in 1921

concentric ab (COIC) Top Compensated Officers

Chief Executive Officer and President
Total Annual Compensation: kr6.7M
Compensation as of Fiscal Year 2014.

concentric ab (COIC) Key Developments

Concentric AB Announces Consolidated and Parent Company Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Provides Earnings Guidance for the Third Quarter of 2015

Concentric AB announced consolidated and parent company earnings results for the second quarter and six months ended June 30, 2015. For the quarter, on consolidated basis, the company reported net sales of SEK 620 million against SEK 527 million a year ago. Operating income was SEK 88 million against SEK 84 million a year ago. Earnings before tax were SEK 84 million against SEK 79 million a year ago. Net income was SEK 62 million against SEK 60 million a year ago. Diluted EPS was SEK 1.44 against SEK 1.38 a year ago. Cash flow from operating activities was SEK 114 million against SEK 94 million a year ago. Investments in property, plant and equipment was SEK 7 million against SEK 4 million a year ago. Net debt as at June 30, 2015 was SEK 455 million against SEK 440 million a year ago. Return on equity was 33.8% against 28.8% a year ago. Return on capital employed was 29.0% against 26.0% a year ago. Underlying sales for the second quarter of 2015, excluding the impact of currency and the GKN Pumps acquisition, were down 5% year-on-year as a result of softening demand for agricultural machinery, construction equipment and light trucks in North America. The group’s flexibility has ensured that the underlying EBIT margin actually improved to 16.5% for the second quarter. For the six months, on consolidated basis, the company reported net sales of SEK 1,243 million against SEK 1,023 million a year ago. Operating income was SEK 205 million against SEK 161 million a year ago, arising from negative goodwill and one-off expenses. Earnings before tax were SEK 198 million against SEK 149 million a year ago. Net income was SEK 151 million against SEK 113 million a year ago. Diluted EPS was SEK 3.54 against SEK 2.58 a year ago. Cash flow from operating activities was SEK 177 million against SEK 159 million a year ago. Investments in property, plant and equipment was SEK 8 million against SEK 9 million a year ago. For the quarter, the parent company reported net sales of SEK 8 million compared to SEK 7 million a year ago. Operating income was SEK 3 million compared to SEK 3 million a year ago. Earnings before tax was SEK 133 million compared to loss before tax of SEK 19 million a year ago. Net income for the period was SEK 125 million compared to net loss for the period of SEK 14 million a year ago. For the six months, the parent company reported net sales of SEK 14 million compared to SEK 14 million a year ago. Operating income was SEK 5 million compared to SEK 7 million a year ago. Earnings before tax was SEK 4 million compared to loss before tax of SEK 4 a year ago. Net income for the period was SEK 85 million. Looking forward, the orders received, and expected to be fulfilled during the third quarter of 2015, were below the sales levels of the second quarter of 2015. Taking into account the fewer working days, the company estimates that third quarter sales will be lower on a sequential quarterly basis, assuming constant currency. Despite these additional market headwinds in North America, Concentric remains well positioned, both financially and operationally, to fully leverage market opportunities.

Concentric AB Anticipates Headcount Reduction of 34 Employees

Concentric AB announced the restructuring plan for their new facility in Chivilcoy, Argentina in line with the weak demand in the South American commercial vehicle market. This redundancy programme is a direct response to the weak demand in the South American commercial vehicle market. This programme will help bring Concentric Chivilcoy's margins in line with the rest of the group. The programme anticipates a headcount reduction of 34 employees that were engaged at the date of acquisition. Part of the headcount reduction has already been delivered and the remaining will be delivered in July 2015 through a mix of voluntary and compulsory redundancies. The redundancy programme will result in annual savings estimated at SEK 9 million. The total one-off expenses recognised for the restructuring plan in Concentric Chivilcoy amount to SEK 14 million and have been booked in second quarter of 2015.

Concentric AB, Q2 2015 Earnings Call, Jul 24, 2015

Concentric AB, Q2 2015 Earnings Call, Jul 24, 2015

 

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Price/Earnings 15.1x
Price/Sales 1.8x
Price/Book 4.5x
Price/Cash Flow 15.1x
TEV/Sales 1.7x
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