View ValuationConcentric 향후 성장Future 기준 점검 3/6Concentric (는) 각각 연간 24.4% 및 3.3% 수익과 수익이 증가할 것으로 예상됩니다. EPS는 연간 24.5% 만큼 성장할 것으로 예상됩니다. 자기자본이익률은 3년 후 17.9% 로 예상됩니다.핵심 정보24.4%이익 성장률24.48%EPS 성장률Machinery 이익 성장24.8%매출 성장률3.3%향후 자기자본이익률17.95%애널리스트 커버리지Low마지막 업데이트31 Jul 2024최근 향후 성장 업데이트공시 • May 09Concentric AB (publ) Provides Sales Guidance for the Second Quarter of 2024Concentric AB (publ) provided sales guidance for the second quarter of 2024. The company expects net sales in the second quarter of 2024 to be broadly similar to the net sales achieved in the first quarter of 2024.공시 • May 23+ 1 more updateConcentric AB (Publ) Announces Sales Guidance for the Year 2023Concentric AB (publ) announced financial targets for 2023, the company expects Electrical sales compound annual growth rate of 15% over a business cycle and sales growth of 3% above market indices from base business.공시 • May 04Concentric AB (Publ) Provides Sales Guidance for the Year 2023Concentric AB (publ) provided sales guidance for the year 2023. The company currently estimate sales in the second quarter of 2023 to be similar to the sales performance achieved during the first quarter of 2023.공시 • Feb 09+ 1 more updateConcentric AB Provides Sales Guidance for the First Quarter of 2023Concentric AB provides sales guidance for the first quarter of 2023. The company currently estimate sales in the first quarter of 2023 to be similar to the sales performance achieved during the fourth quarter of 2022.모든 업데이트 보기Recent updatesRecent Insider Transactions • Oct 23Independent Director recently sold €161k worth of stockOn the 18th of October, Claes Akesson sold around 8k shares on-market at roughly €20.11 per share. This transaction amounted to 100% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €289k more than they bought in the last 12 months.공시 • Oct 23Concentric AB (publ)(OM:COIC) dropped from OMX Nordic All-Share IndexConcentric AB has been droppred from the OMX Nordic All-Share Index .공시 • Oct 02Concentric AB (publ) (OM:COIC) completed the acquisition of G.O. Engineering Gesellschaft Zur Entwicklung Von Hard- Und Software Mbh.Concentric AB (publ) (OM:COIC) agreed to acquire G.O. Engineering Gesellschaft Zur Entwicklung Von Hard- Und Software Mbh for an enterprise value at approximately SEK 270 million on September 18, 2024. As part of the acquisition, Concentric AB will acquire 100% stake in G.O. ENGINEERING Gesellschaft. The transaction also includes the acquisition of G.O. Engineering Gesellschaft's subsidiary ÖkoGW Verwaltungs- und Vermietungs GmbH & Co. KG. This is subject to any closing conditions being met. Concentric will finance the Acquisition using cash reserves and existing debt facilities. Helmut Gerstner and Ralf Wörner, the current owners of GO Engineering, will remain involved in the business to ensure a smooth transition, with Gerstner providing support for a three-month period, while Wörner will contribute to the company's operations on an ongoing basis. With the acquisition, Concentric AB will welcome more than 120 GO Engineering employees to the Concentric Group. For the period ending June 30, 2024, G.O. Engineering Gesellschaft Zur Entwicklung Von Hard- Und Software Mbh reported total revenue of approximately SEK 330 million and EBITDA of SEK 27 million. The expected completion of the transaction is October 1, 2024. Concentric AB (publ) (OM:COIC) completed the acquisition of G.O. Engineering Gesellschaft Zur Entwicklung Von Hard- Und Software Mbh on October 1, 2024.공시 • Oct 01Concentric AB Announces Resignation of Roger Ingemey as Senior Vice President of the Hydraulics DivisionConcentric AB announced that Dr. Roger Ingemey will, effective immediately, be leaving his position as Senior Vice President of the Hydraulics division. His responsibilities will be assumed on an interim basis by existing members of the Senior Leadership team.공시 • Sep 19Concentric AB (publ) (OM:COIC) agreed to acquire G.O. Engineering Gesellschaft Zur Entwicklung Von Hard- Und Software Mbh for an enterprise value at approximately SEK 270 million.Concentric AB (publ) (OM:COIC) agreed to acquire G.O. Engineering Gesellschaft Zur Entwicklung Von Hard- Und Software Mbh for an enterprise value at approximately SEK 270 million on September 18, 2024. This is subject to any closing conditions being met. Concentric will finance the Acquisition using cash reserves and existing debt facilities. Helmut Gerstner and Ralf Wörner, the current owners of GO Engineering, will remain involved in the business to ensure a smooth transition, with Gerstner providing support for a three-month period, while Wörner will contribute to the company's operations on an ongoing basis. With the acquisition, Concentric AB will welcome more than 120 GO Engineering employees to the Concentric Group. For the period ending June 30, 2024, G.O. Engineering Gesellschaft Zur Entwicklung Von Hard- Und Software Mbh reported total revenue of SEK 332 million and EBITDA of SEK 27 million. The expected completion of the transaction is October 1, 2024.New Risk • Aug 29New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of German stocks, typically moving 18% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (18% average weekly change). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (7.2% net profit margin).공시 • Aug 29A.P. Møller Holding A/S proposed to acquire Concentric AB (publ) (OM:COIC) from Forsta AP-fonden and Cliens Kapitalförvaltning AB and others for SEK 8.6 billion.A.P. Møller Holding A/S proposed to acquire Concentric AB (publ) (OM:COIC) from Forsta AP-fonden and Cliens Kapitalförvaltning AB and others for SEK 8.6 billion on August 29, 2024. A cash consideration of SEK 8.59 billion valued at SEK 230 per share will be paid by A.P. Møller Holding A/S. As part of consideration, SEK 8.59 billion is paid towards common equity of Concentric AB (publ). The consideration payable in respect of the Offer is financed in full by funds available to the Offeror by way of an equity commitment letter issued by APMH Invest A/S. The Company's shareholders Första AP-fonden and Cliens Kapitalförvaltning AB, controlling 16.7 per cent of the outstanding shares and votes in Concentric, have entered into undertakings to accept the offer. Completion of the Offer is conditional upon, among other things, the Offer being accepted to such extent that A.P. Møller Holding becomes the owner of more than 90% of the shares in Concentric AB, as well as the receipt of all regulatory, governmental or similar clearances, approvals and decisions and other actions that are necessary for the Offer and Circle. If the Offeror, whether in connection with the Offer or otherwise, acquires shares representing more than 90% of the total number of outstanding shares in Concentric, the Offeror intends to commence compulsory redemption proceedings under the Swedish Companies Act. The deal has been unanimously approved by the Concentric AB board. The acceptance period of the Offer is expected to commence on or around September 23, 2024, and expire on or around November 1, 2024, subject to any extensions. Skandinaviska Enskilda Banken AB acted as financial advisor, Advokatfirman Lindahl KB acted as legal advisor, Ernst & Young Corporate Finance AB acted as fairness opinion provider to Concentric AB. Citigroup Global Markets Europe AG, Danske Bank A/S, Danmark,Sverige Filial acted as financial advisors to A.P. Møller Holding A/S. White & Case LLP acted as legal advisor to A.P. Møller Holding A/S.New Risk • Aug 01New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 7.2% Last year net profit margin: 11% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (7.2% net profit margin).공시 • Jul 25+ 3 more updatesConcentric AB (publ) to Report Q1, 2025 Results on May 07, 2025Concentric AB (publ) announced that they will report Q1, 2025 results at 8:00 AM, Central European Standard Time on May 07, 2025공시 • May 09Concentric AB (publ) Provides Sales Guidance for the Second Quarter of 2024Concentric AB (publ) provided sales guidance for the second quarter of 2024. The company expects net sales in the second quarter of 2024 to be broadly similar to the net sales achieved in the first quarter of 2024.Reported Earnings • May 09First quarter 2024 earnings released: EPS: kr2.69 (vs kr3.19 in 1Q 2023)First quarter 2024 results: EPS: kr2.69 (down from kr3.19 in 1Q 2023). Revenue: kr1.00b (down 11% from 1Q 2023). Net income: kr100.0m (down 17% from 1Q 2023). Profit margin: 10.0% (in line with 1Q 2023). Revenue is forecast to grow 1.5% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings.공시 • Apr 19+ 1 more updateConcentric AB Approves Election of Frida Norrbom Sams and Mark Williamson as Board MembersConcentric AB at its AGM held on April 18, 2024 approved election of Frida Norrbom Sams and Mark Williamson as board members.Upcoming Dividend • Apr 12Upcoming dividend of kr4.25 per shareEligible shareholders must have bought the stock before 19 April 2024. Payment date: 25 April 2024. Payout ratio is a comfortable 39% and this is well supported by cash flows. Trailing yield: 2.2%. Lower than top quartile of German dividend payers (4.8%). Lower than average of industry peers (3.2%).Reported Earnings • Mar 28Full year 2023 earnings released: EPS: kr11.01 (vs kr13.20 in FY 2022)Full year 2023 results: EPS: kr11.01 (down from kr13.20 in FY 2022). Revenue: kr4.21b (up 3.7% from FY 2022). Net income: kr417.0m (down 17% from FY 2022). Profit margin: 9.9% (down from 12% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to stay flat during the next 3 years compared to a 3.2% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has remained flat, which means it is significantly lagging earnings.공시 • Feb 15Concentric AB (Publ) Announces Retirement of Susanna Schneeberger as Board MemberConcentric AB (publ) announced that the current board member Susanna Schneeberger has informed the nomination committee that she declines re-election.Declared Dividend • Feb 12Dividend of kr4.25 announcedShareholders will receive a dividend of kr4.25. Ex-date: 19th April 2024 Payment date: 25th April 2024 Dividend yield will be 30%, which is higher than the industry average of 2.6%. Sustainability & Growth Dividend is well covered by both earnings (39% earnings payout ratio) and cash flows (30% cash payout ratio). The dividend has increased by an average of 13% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 28% over the next 3 years, which should provide support to the dividend and adequate earnings cover.Reported Earnings • Feb 08Full year 2023 earnings released: EPS: kr11.01 (vs kr13.20 in FY 2022)Full year 2023 results: EPS: kr11.01 (down from kr13.20 in FY 2022). Revenue: kr4.21b (up 3.7% from FY 2022). Net income: kr417.0m (down 17% from FY 2022). Profit margin: 9.9% (down from 12% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to stay flat during the next 3 years compared to a 3.1% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings.공시 • Feb 07+ 1 more updateConcentric AB (Publ) Proposes Dividend for the Financial Year 2023The Board of Directors of Concentric AB (publ) proposed a dividend of SEK 4.25 (4.00) per share for the financial year 2023 and to renew the current mandate for share buy-backs.공시 • Jan 10Concentric AB Appoints Dr. Roger Ingemey as Senior Vice President Hydraulics Division, Effective on February 1, 2024Concentric AB has appointed Dr. Roger Ingemey as Senior Vice President Hydraulics Division. The appointment of Roger from 1 February 2024 will be pivotal in executing the Group strategic plan, to deliver profitable growth in the hydraulics division aligned to electrification strategy, and driving productivity improvements through the Concentric Business Excellence program. Roger holds a PhD in Physical Chemistry from the University of Duisburg-Essen.Valuation Update With 7 Day Price Move • Dec 20Investor sentiment improves as stock rises 16%After last week's 16% share price gain to €16.46, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 11x in the Machinery industry in Germany. Total loss to shareholders of 3.3% over the past three years.New Risk • Nov 16New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 6.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (6.6% average weekly change).Reported Earnings • Nov 09Third quarter 2023 earnings released: EPS: kr2.35 (vs kr3.32 in 3Q 2022)Third quarter 2023 results: EPS: kr2.35 (down from kr3.32 in 3Q 2022). Revenue: kr1.04b (down 3.1% from 3Q 2022). Net income: kr89.0m (down 29% from 3Q 2022). Profit margin: 8.6% (down from 12% in 3Q 2022). Revenue is forecast to stay flat during the next 3 years compared to a 3.4% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings.공시 • Oct 11Concentric AB (Publ) Announces Appointment of Nomination CommitteeThe AGM 2019 has resolved that Concentric's Nomination Committee shall have five members which consist of the Chairman of the Board and one representative of each of the four shareholders. The members of the Nomination Committee shall, in accordance with the resolution of the AGM 2019, be appointed based on the ownership structure as of 31st of August 2023. The members are: Monica Åsmyr, Swedbank Robur Fonder, Chairman of the Nomination Committee Maria Rengefors, Nordea Fonder, Anette Dahlberg, Första AP-fonden, Carl Sundblad, Cliens Fonder, the Nomination Committee also includes the Chairman of the Board, Anders Nielsen.공시 • Aug 16+ 3 more updatesConcentric AB (publ) to Report Q2, 2024 Results on Jul 31, 2024Concentric AB (publ) announced that they will report Q2, 2024 results at 8:00 AM, Central European Standard Time on Jul 31, 2024공시 • Jul 26+ 2 more updatesConcentric AB (publ) to Report Fiscal Year 2023 Results on Feb 07, 2024Concentric AB (publ) announced that they will report fiscal year 2023 results on Feb 07, 2024공시 • May 23+ 1 more updateConcentric AB (Publ) Announces Sales Guidance for the Year 2023Concentric AB (publ) announced financial targets for 2023, the company expects Electrical sales compound annual growth rate of 15% over a business cycle and sales growth of 3% above market indices from base business.공시 • May 04Concentric AB (Publ) Provides Sales Guidance for the Year 2023Concentric AB (publ) provided sales guidance for the year 2023. The company currently estimate sales in the second quarter of 2023 to be similar to the sales performance achieved during the first quarter of 2023.Reported Earnings • May 03First quarter 2023 earnings released: EPS: kr3.19 (vs kr3.43 in 1Q 2022)First quarter 2023 results: EPS: kr3.19 (down from kr3.43 in 1Q 2022). Revenue: kr1.13b (up 21% from 1Q 2022). Net income: kr121.0m (down 6.9% from 1Q 2022). Profit margin: 11% (down from 14% in 1Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 1.4% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has only increased by 23% per year, which means it is significantly lagging earnings growth.Upcoming Dividend • Apr 12Upcoming dividend of kr4.00 per share at 1.9% yieldEligible shareholders must have bought the stock before 19 April 2023. Payment date: 25 April 2023. Payout ratio is a comfortable 30% and this is well supported by cash flows. Trailing yield: 1.9%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (3.0%).Reported Earnings • Mar 27Full year 2022 earnings releasedFull year 2022 results: Revenue: kr4.06b (up 92% from FY 2021). Net income: kr501.0m (up 48% from FY 2021). Profit margin: 12% (down from 16% in FY 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 2.6% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Machinery industry in Germany.Valuation Update With 7 Day Price Move • Mar 13Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to €17.32, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 14x in the Machinery industry in Germany. Total returns to shareholders of 96% over the past three years.Reported Earnings • Feb 09Full year 2022 earnings released: EPS: kr13.20 (vs kr8.92 in FY 2021)Full year 2022 results: EPS: kr13.20 (up from kr8.92 in FY 2021). Revenue: kr4.06b (up 92% from FY 2021). Net income: kr501.0m (up 48% from FY 2021). Profit margin: 12% (down from 16% in FY 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 2.6% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth.공시 • Feb 09+ 1 more updateConcentric AB Provides Sales Guidance for the First Quarter of 2023Concentric AB provides sales guidance for the first quarter of 2023. The company currently estimate sales in the first quarter of 2023 to be similar to the sales performance achieved during the fourth quarter of 2022.공시 • Dec 06+ 1 more updateConcentric AB (publ) to Report Q4, 2022 Results on Feb 08, 2023Concentric AB (publ) announced that they will report Q4, 2022 results at 8:00 AM, Central European Standard Time on Feb 08, 2023Reported Earnings • Nov 04Third quarter 2022 earnings released: EPS: kr3.32 (vs kr2.40 in 3Q 2021)Third quarter 2022 results: EPS: kr3.32 (up from kr2.40 in 3Q 2021). Revenue: kr1.07b (up 107% from 3Q 2021). Net income: kr126.0m (up 39% from 3Q 2021). Profit margin: 12% (down from 18% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 2.1% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth.Reported Earnings • Jul 27Second quarter 2022 earnings released: EPS: kr3.53 (vs kr2.24 in 2Q 2021)Second quarter 2022 results: EPS: kr3.53 (up from kr2.24 in 2Q 2021). Revenue: kr1.02b (up 116% from 2Q 2021). Net income: kr134.0m (up 58% from 2Q 2021). Profit margin: 13% (down from 18% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 18%, compared to a 10% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has increased by 23% per year, which means it is tracking significantly ahead of earnings growth.Reported Earnings • May 05First quarter 2022 earnings released: EPS: kr3.43 (vs kr1.90 in 1Q 2021)First quarter 2022 results: EPS: kr3.43 (up from kr1.90 in 1Q 2021). Revenue: kr934.0m (up 116% from 1Q 2021). Net income: kr130.0m (up 81% from 1Q 2021). Profit margin: 14% (down from 17% in 1Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 29%, compared to a 9.6% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings.Upcoming Dividend • Apr 15Upcoming dividend of kr3.75 per shareEligible shareholders must have bought the stock before 22 April 2022. Payment date: 28 April 2022. Payout ratio is a comfortable 42% and this is well supported by cash flows. Trailing yield: 1.9%. Lower than top quartile of German dividend payers (3.9%). Lower than average of industry peers (2.5%).Valuation Update With 7 Day Price Move • Oct 20Investor sentiment improved over the past weekAfter last week's 21% share price gain to €20.65, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 19x in the Machinery industry in Germany. Total returns to shareholders of 38% over the past year.Executive Departure • Oct 01Senior VP and Head of Europe & Rest of the World David Bessant has left the companyOn the 29th of September, David Bessant's tenure as Senior VP and Head of Europe & Rest of the World ended after 3.9 years in the role. As of June 2021, David still personally held 27.60k shares (€480k worth at the time). A total of 4 executives have left over the last 12 months. The current median tenure of the management team is 2.92 years.Reported Earnings • Jul 22Second quarter 2021 earnings released: EPS kr2.24 (vs kr0.45 in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: kr473.0m (up 38% from 2Q 2020). Net income: kr85.0m (up 400% from 2Q 2020). Profit margin: 18% (up from 5.0% in 2Q 2020). The increase in margin was driven by higher revenue.Reported Earnings • May 06First quarter 2021 earnings released: EPS kr1.90 (vs kr1.59 in 1Q 2020)The company reported a decent first quarter result with improved earnings and profit margins, although revenues were weaker. First quarter 2021 results: Revenue: kr432.0m (down 5.3% from 1Q 2020). Net income: kr72.0m (up 20% from 1Q 2020). Profit margin: 17% (up from 13% in 1Q 2020). The increase in margin was driven by lower expenses.Executive Departure • Apr 30Independent Director has left the companyOn the 22nd of April, Martin Lundstedt's tenure as Independent Director ended after 9.0 years in the role. We don't have any record of a personal shareholding under Martin's name. A total of 3 executives have left over the last 12 months.Executive Departure • Apr 30Independent Director has left the companyOn the 22nd of April, Marianne Brismar's tenure in the role of Independent Director ended. We don't have any record of a personal shareholding under Marianne's name. A total of 3 executives have left over the last 12 months.Executive Departure • Apr 30Independent Chairman of the Board Kenth Eriksson has left the companyOn the 22nd of April, Kenth Eriksson's tenure in the role of Independent Chairman of the Board ended. As of December 2020, Kenth personally held 50.18k shares (€939k worth at the time). A total of 3 executives have left over the last 12 months.Upcoming Dividend • Apr 16Upcoming dividend of kr3.50 per shareEligible shareholders must have bought the stock before 23 April 2021. Payment date: 29 April 2021. Trailing yield: 1.9%. Lower than top quartile of German dividend payers (3.2%). Higher than average of industry peers (1.1%).Reported Earnings • Apr 03Full year 2020 earnings released: EPS kr5.42 (vs kr8.37 in FY 2019)The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: kr1.50b (down 25% from FY 2019). Net income: kr205.0m (down 36% from FY 2019). Profit margin: 14% (down from 16% in FY 2019). The decrease in margin was driven by lower revenue.Analyst Estimate Surprise Post Earnings • Feb 11Revenue beats expectationsRevenue exceeded analyst estimates by 2.2%. Over the next year, revenue is forecast to grow 6.7%, compared to a 5.0% growth forecast for the Machinery industry in Germany.Reported Earnings • Feb 11Full year 2020 earnings releasedThe company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: kr1.50b (down 25% from FY 2019). Net income: kr205.0m (down 36% from FY 2019). Profit margin: 14% (down from 16% in FY 2019). The decrease in margin was driven by lower revenue.Is New 90 Day High Low • Jan 21New 90-day high: €19.22The company is up 28% from its price of €14.96 on 23 October 2020. The German market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Machinery industry, which is up 15% over the same period.Is New 90 Day High Low • Dec 31New 90-day high: €18.72The company is up 16% from its price of €16.10 on 02 October 2020. The German market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Machinery industry, which is up 13% over the same period.Is New 90 Day High Low • Dec 10New 90-day high: €16.78The company is up 8.0% from its price of €15.54 on 11 September 2020. The German market is up 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Machinery industry, which is up 3.0% over the same period.Reported Earnings • Nov 05Third quarter 2020 earnings released: EPS kr1.06The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2020 results: Revenue: kr324.0m (down 30% from 3Q 2019). Net income: kr40.0m (down 38% from 3Q 2019). Profit margin: 12% (down from 14% in 3Q 2019). The decrease in margin was driven by lower revenue.Analyst Estimate Surprise Post Earnings • Nov 05Revenue misses expectationsRevenue missed analyst estimates by 8.5%. Over the next year, revenue is forecast to grow 1.1% while the growth in Machinery industry in Germany is expected to stay flat.Is New 90 Day High Low • Oct 29New 90-day low: €14.00The company is down 2.0% from its price of €14.34 on 31 July 2020. The German market is down 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Machinery industry, which is down 3.0% over the same period.이익 및 매출 성장 예측DB:2DN - 애널리스트 향후 추정치 및 과거 재무 데이터 (SEK Millions)날짜매출이익자유현금흐름영업현금흐름평균 애널리스트 수12/31/20264,205483547659112/31/20254,004420465585112/31/20243,77727534845216/30/20243,938285436534N/A3/31/20244,081396474569N/A12/31/20234,205417521615N/A9/30/20234,293441496588N/A6/30/20234,326478506590N/A3/31/20234,249492457529N/A12/31/20224,056501467529N/A9/30/20223,718480319372N/A6/30/20223,165445238278N/A3/31/20222,617396237276N/A12/31/20212,115338239260N/A9/30/20211,800336318335N/A6/30/20211,609285302317N/A3/31/20211,478217322329N/A12/31/20201,502205327337N/A9/30/20201,552188267277N/A6/30/20201,691212311324N/A3/31/20201,902287349365N/A12/31/20192,012321367386N/A9/30/20192,164365446464N/A6/30/20192,323408511531N/A3/31/20192,373410524545N/A12/31/20182,410405535554N/A9/30/20182,331372534550N/A6/30/20182,224337442458N/A3/31/20182,161318N/A393N/A12/31/20172,104303N/A360N/A9/30/20172,074285N/A328N/A6/30/20172,050272N/A368N/A3/31/20172,032260N/A423N/A12/31/20162,004246N/A409N/A9/30/20162,035236N/A436N/A6/30/20162,103243N/A385N/A3/31/20162,201242N/A367N/A12/31/20152,306271N/A366N/A9/30/20152,337281N/A336N/A6/30/20152,298279N/A358N/A3/31/20152,205277N/A338N/A12/31/20142,078241N/A340N/A9/30/20142,011223N/A322N/A6/30/20141,987208N/A293N/A3/31/20141,932192N/A263N/A12/31/20131,858176N/A199N/A더 보기애널리스트 향후 성장 전망수입 대 저축률: 2DN 의 연간 예상 수익 증가율(24.4%)이 saving rate(0.8%)보다 높습니다.수익 vs 시장: 2DN 의 연간 수익(24.4%)이 German 시장(17.1%)보다 빠르게 성장할 것으로 예상됩니다.고성장 수익: 2DN 의 수입은 향후 3년 동안 상당히 증가할 것으로 예상됩니다.수익 대 시장: 2DN 의 수익(연간 3.3%)이 German 시장(연간 6.8%)보다 느리게 성장할 것으로 예상됩니다.고성장 매출: 2DN 의 수익(연간 3.3%)은 연간 20%보다 느리게 증가할 것으로 예상됩니다.주당순이익 성장 예측향후 자기자본이익률미래 ROE: 2DN의 자본 수익률은 3년 후 17.9%로 낮을 것으로 예상됩니다.성장 기업 찾아보기7D1Y7D1Y7D1YCapital-goods 산업의 고성장 기업.View Past Performance기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2024/10/28 04:10종가2024/10/28 00:00수익2024/06/30연간 수익2023/12/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델에 대한 자세한 내용은 당사의 Github 페이지에서 확인하실 수 있습니다. 또한 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공합니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스Concentric AB (publ)는 0명의 분석가가 다루고 있습니다. 이 중 1명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.
공시 • May 09Concentric AB (publ) Provides Sales Guidance for the Second Quarter of 2024Concentric AB (publ) provided sales guidance for the second quarter of 2024. The company expects net sales in the second quarter of 2024 to be broadly similar to the net sales achieved in the first quarter of 2024.
공시 • May 23+ 1 more updateConcentric AB (Publ) Announces Sales Guidance for the Year 2023Concentric AB (publ) announced financial targets for 2023, the company expects Electrical sales compound annual growth rate of 15% over a business cycle and sales growth of 3% above market indices from base business.
공시 • May 04Concentric AB (Publ) Provides Sales Guidance for the Year 2023Concentric AB (publ) provided sales guidance for the year 2023. The company currently estimate sales in the second quarter of 2023 to be similar to the sales performance achieved during the first quarter of 2023.
공시 • Feb 09+ 1 more updateConcentric AB Provides Sales Guidance for the First Quarter of 2023Concentric AB provides sales guidance for the first quarter of 2023. The company currently estimate sales in the first quarter of 2023 to be similar to the sales performance achieved during the fourth quarter of 2022.
Recent Insider Transactions • Oct 23Independent Director recently sold €161k worth of stockOn the 18th of October, Claes Akesson sold around 8k shares on-market at roughly €20.11 per share. This transaction amounted to 100% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €289k more than they bought in the last 12 months.
공시 • Oct 23Concentric AB (publ)(OM:COIC) dropped from OMX Nordic All-Share IndexConcentric AB has been droppred from the OMX Nordic All-Share Index .
공시 • Oct 02Concentric AB (publ) (OM:COIC) completed the acquisition of G.O. Engineering Gesellschaft Zur Entwicklung Von Hard- Und Software Mbh.Concentric AB (publ) (OM:COIC) agreed to acquire G.O. Engineering Gesellschaft Zur Entwicklung Von Hard- Und Software Mbh for an enterprise value at approximately SEK 270 million on September 18, 2024. As part of the acquisition, Concentric AB will acquire 100% stake in G.O. ENGINEERING Gesellschaft. The transaction also includes the acquisition of G.O. Engineering Gesellschaft's subsidiary ÖkoGW Verwaltungs- und Vermietungs GmbH & Co. KG. This is subject to any closing conditions being met. Concentric will finance the Acquisition using cash reserves and existing debt facilities. Helmut Gerstner and Ralf Wörner, the current owners of GO Engineering, will remain involved in the business to ensure a smooth transition, with Gerstner providing support for a three-month period, while Wörner will contribute to the company's operations on an ongoing basis. With the acquisition, Concentric AB will welcome more than 120 GO Engineering employees to the Concentric Group. For the period ending June 30, 2024, G.O. Engineering Gesellschaft Zur Entwicklung Von Hard- Und Software Mbh reported total revenue of approximately SEK 330 million and EBITDA of SEK 27 million. The expected completion of the transaction is October 1, 2024. Concentric AB (publ) (OM:COIC) completed the acquisition of G.O. Engineering Gesellschaft Zur Entwicklung Von Hard- Und Software Mbh on October 1, 2024.
공시 • Oct 01Concentric AB Announces Resignation of Roger Ingemey as Senior Vice President of the Hydraulics DivisionConcentric AB announced that Dr. Roger Ingemey will, effective immediately, be leaving his position as Senior Vice President of the Hydraulics division. His responsibilities will be assumed on an interim basis by existing members of the Senior Leadership team.
공시 • Sep 19Concentric AB (publ) (OM:COIC) agreed to acquire G.O. Engineering Gesellschaft Zur Entwicklung Von Hard- Und Software Mbh for an enterprise value at approximately SEK 270 million.Concentric AB (publ) (OM:COIC) agreed to acquire G.O. Engineering Gesellschaft Zur Entwicklung Von Hard- Und Software Mbh for an enterprise value at approximately SEK 270 million on September 18, 2024. This is subject to any closing conditions being met. Concentric will finance the Acquisition using cash reserves and existing debt facilities. Helmut Gerstner and Ralf Wörner, the current owners of GO Engineering, will remain involved in the business to ensure a smooth transition, with Gerstner providing support for a three-month period, while Wörner will contribute to the company's operations on an ongoing basis. With the acquisition, Concentric AB will welcome more than 120 GO Engineering employees to the Concentric Group. For the period ending June 30, 2024, G.O. Engineering Gesellschaft Zur Entwicklung Von Hard- Und Software Mbh reported total revenue of SEK 332 million and EBITDA of SEK 27 million. The expected completion of the transaction is October 1, 2024.
New Risk • Aug 29New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of German stocks, typically moving 18% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (18% average weekly change). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (7.2% net profit margin).
공시 • Aug 29A.P. Møller Holding A/S proposed to acquire Concentric AB (publ) (OM:COIC) from Forsta AP-fonden and Cliens Kapitalförvaltning AB and others for SEK 8.6 billion.A.P. Møller Holding A/S proposed to acquire Concentric AB (publ) (OM:COIC) from Forsta AP-fonden and Cliens Kapitalförvaltning AB and others for SEK 8.6 billion on August 29, 2024. A cash consideration of SEK 8.59 billion valued at SEK 230 per share will be paid by A.P. Møller Holding A/S. As part of consideration, SEK 8.59 billion is paid towards common equity of Concentric AB (publ). The consideration payable in respect of the Offer is financed in full by funds available to the Offeror by way of an equity commitment letter issued by APMH Invest A/S. The Company's shareholders Första AP-fonden and Cliens Kapitalförvaltning AB, controlling 16.7 per cent of the outstanding shares and votes in Concentric, have entered into undertakings to accept the offer. Completion of the Offer is conditional upon, among other things, the Offer being accepted to such extent that A.P. Møller Holding becomes the owner of more than 90% of the shares in Concentric AB, as well as the receipt of all regulatory, governmental or similar clearances, approvals and decisions and other actions that are necessary for the Offer and Circle. If the Offeror, whether in connection with the Offer or otherwise, acquires shares representing more than 90% of the total number of outstanding shares in Concentric, the Offeror intends to commence compulsory redemption proceedings under the Swedish Companies Act. The deal has been unanimously approved by the Concentric AB board. The acceptance period of the Offer is expected to commence on or around September 23, 2024, and expire on or around November 1, 2024, subject to any extensions. Skandinaviska Enskilda Banken AB acted as financial advisor, Advokatfirman Lindahl KB acted as legal advisor, Ernst & Young Corporate Finance AB acted as fairness opinion provider to Concentric AB. Citigroup Global Markets Europe AG, Danske Bank A/S, Danmark,Sverige Filial acted as financial advisors to A.P. Møller Holding A/S. White & Case LLP acted as legal advisor to A.P. Møller Holding A/S.
New Risk • Aug 01New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 7.2% Last year net profit margin: 11% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (7.2% net profit margin).
공시 • Jul 25+ 3 more updatesConcentric AB (publ) to Report Q1, 2025 Results on May 07, 2025Concentric AB (publ) announced that they will report Q1, 2025 results at 8:00 AM, Central European Standard Time on May 07, 2025
공시 • May 09Concentric AB (publ) Provides Sales Guidance for the Second Quarter of 2024Concentric AB (publ) provided sales guidance for the second quarter of 2024. The company expects net sales in the second quarter of 2024 to be broadly similar to the net sales achieved in the first quarter of 2024.
Reported Earnings • May 09First quarter 2024 earnings released: EPS: kr2.69 (vs kr3.19 in 1Q 2023)First quarter 2024 results: EPS: kr2.69 (down from kr3.19 in 1Q 2023). Revenue: kr1.00b (down 11% from 1Q 2023). Net income: kr100.0m (down 17% from 1Q 2023). Profit margin: 10.0% (in line with 1Q 2023). Revenue is forecast to grow 1.5% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings.
공시 • Apr 19+ 1 more updateConcentric AB Approves Election of Frida Norrbom Sams and Mark Williamson as Board MembersConcentric AB at its AGM held on April 18, 2024 approved election of Frida Norrbom Sams and Mark Williamson as board members.
Upcoming Dividend • Apr 12Upcoming dividend of kr4.25 per shareEligible shareholders must have bought the stock before 19 April 2024. Payment date: 25 April 2024. Payout ratio is a comfortable 39% and this is well supported by cash flows. Trailing yield: 2.2%. Lower than top quartile of German dividend payers (4.8%). Lower than average of industry peers (3.2%).
Reported Earnings • Mar 28Full year 2023 earnings released: EPS: kr11.01 (vs kr13.20 in FY 2022)Full year 2023 results: EPS: kr11.01 (down from kr13.20 in FY 2022). Revenue: kr4.21b (up 3.7% from FY 2022). Net income: kr417.0m (down 17% from FY 2022). Profit margin: 9.9% (down from 12% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to stay flat during the next 3 years compared to a 3.2% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has remained flat, which means it is significantly lagging earnings.
공시 • Feb 15Concentric AB (Publ) Announces Retirement of Susanna Schneeberger as Board MemberConcentric AB (publ) announced that the current board member Susanna Schneeberger has informed the nomination committee that she declines re-election.
Declared Dividend • Feb 12Dividend of kr4.25 announcedShareholders will receive a dividend of kr4.25. Ex-date: 19th April 2024 Payment date: 25th April 2024 Dividend yield will be 30%, which is higher than the industry average of 2.6%. Sustainability & Growth Dividend is well covered by both earnings (39% earnings payout ratio) and cash flows (30% cash payout ratio). The dividend has increased by an average of 13% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 28% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
Reported Earnings • Feb 08Full year 2023 earnings released: EPS: kr11.01 (vs kr13.20 in FY 2022)Full year 2023 results: EPS: kr11.01 (down from kr13.20 in FY 2022). Revenue: kr4.21b (up 3.7% from FY 2022). Net income: kr417.0m (down 17% from FY 2022). Profit margin: 9.9% (down from 12% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to stay flat during the next 3 years compared to a 3.1% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings.
공시 • Feb 07+ 1 more updateConcentric AB (Publ) Proposes Dividend for the Financial Year 2023The Board of Directors of Concentric AB (publ) proposed a dividend of SEK 4.25 (4.00) per share for the financial year 2023 and to renew the current mandate for share buy-backs.
공시 • Jan 10Concentric AB Appoints Dr. Roger Ingemey as Senior Vice President Hydraulics Division, Effective on February 1, 2024Concentric AB has appointed Dr. Roger Ingemey as Senior Vice President Hydraulics Division. The appointment of Roger from 1 February 2024 will be pivotal in executing the Group strategic plan, to deliver profitable growth in the hydraulics division aligned to electrification strategy, and driving productivity improvements through the Concentric Business Excellence program. Roger holds a PhD in Physical Chemistry from the University of Duisburg-Essen.
Valuation Update With 7 Day Price Move • Dec 20Investor sentiment improves as stock rises 16%After last week's 16% share price gain to €16.46, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 11x in the Machinery industry in Germany. Total loss to shareholders of 3.3% over the past three years.
New Risk • Nov 16New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 6.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (6.6% average weekly change).
Reported Earnings • Nov 09Third quarter 2023 earnings released: EPS: kr2.35 (vs kr3.32 in 3Q 2022)Third quarter 2023 results: EPS: kr2.35 (down from kr3.32 in 3Q 2022). Revenue: kr1.04b (down 3.1% from 3Q 2022). Net income: kr89.0m (down 29% from 3Q 2022). Profit margin: 8.6% (down from 12% in 3Q 2022). Revenue is forecast to stay flat during the next 3 years compared to a 3.4% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings.
공시 • Oct 11Concentric AB (Publ) Announces Appointment of Nomination CommitteeThe AGM 2019 has resolved that Concentric's Nomination Committee shall have five members which consist of the Chairman of the Board and one representative of each of the four shareholders. The members of the Nomination Committee shall, in accordance with the resolution of the AGM 2019, be appointed based on the ownership structure as of 31st of August 2023. The members are: Monica Åsmyr, Swedbank Robur Fonder, Chairman of the Nomination Committee Maria Rengefors, Nordea Fonder, Anette Dahlberg, Första AP-fonden, Carl Sundblad, Cliens Fonder, the Nomination Committee also includes the Chairman of the Board, Anders Nielsen.
공시 • Aug 16+ 3 more updatesConcentric AB (publ) to Report Q2, 2024 Results on Jul 31, 2024Concentric AB (publ) announced that they will report Q2, 2024 results at 8:00 AM, Central European Standard Time on Jul 31, 2024
공시 • Jul 26+ 2 more updatesConcentric AB (publ) to Report Fiscal Year 2023 Results on Feb 07, 2024Concentric AB (publ) announced that they will report fiscal year 2023 results on Feb 07, 2024
공시 • May 23+ 1 more updateConcentric AB (Publ) Announces Sales Guidance for the Year 2023Concentric AB (publ) announced financial targets for 2023, the company expects Electrical sales compound annual growth rate of 15% over a business cycle and sales growth of 3% above market indices from base business.
공시 • May 04Concentric AB (Publ) Provides Sales Guidance for the Year 2023Concentric AB (publ) provided sales guidance for the year 2023. The company currently estimate sales in the second quarter of 2023 to be similar to the sales performance achieved during the first quarter of 2023.
Reported Earnings • May 03First quarter 2023 earnings released: EPS: kr3.19 (vs kr3.43 in 1Q 2022)First quarter 2023 results: EPS: kr3.19 (down from kr3.43 in 1Q 2022). Revenue: kr1.13b (up 21% from 1Q 2022). Net income: kr121.0m (down 6.9% from 1Q 2022). Profit margin: 11% (down from 14% in 1Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 1.4% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has only increased by 23% per year, which means it is significantly lagging earnings growth.
Upcoming Dividend • Apr 12Upcoming dividend of kr4.00 per share at 1.9% yieldEligible shareholders must have bought the stock before 19 April 2023. Payment date: 25 April 2023. Payout ratio is a comfortable 30% and this is well supported by cash flows. Trailing yield: 1.9%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (3.0%).
Reported Earnings • Mar 27Full year 2022 earnings releasedFull year 2022 results: Revenue: kr4.06b (up 92% from FY 2021). Net income: kr501.0m (up 48% from FY 2021). Profit margin: 12% (down from 16% in FY 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 2.6% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Machinery industry in Germany.
Valuation Update With 7 Day Price Move • Mar 13Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to €17.32, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 14x in the Machinery industry in Germany. Total returns to shareholders of 96% over the past three years.
Reported Earnings • Feb 09Full year 2022 earnings released: EPS: kr13.20 (vs kr8.92 in FY 2021)Full year 2022 results: EPS: kr13.20 (up from kr8.92 in FY 2021). Revenue: kr4.06b (up 92% from FY 2021). Net income: kr501.0m (up 48% from FY 2021). Profit margin: 12% (down from 16% in FY 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 2.6% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth.
공시 • Feb 09+ 1 more updateConcentric AB Provides Sales Guidance for the First Quarter of 2023Concentric AB provides sales guidance for the first quarter of 2023. The company currently estimate sales in the first quarter of 2023 to be similar to the sales performance achieved during the fourth quarter of 2022.
공시 • Dec 06+ 1 more updateConcentric AB (publ) to Report Q4, 2022 Results on Feb 08, 2023Concentric AB (publ) announced that they will report Q4, 2022 results at 8:00 AM, Central European Standard Time on Feb 08, 2023
Reported Earnings • Nov 04Third quarter 2022 earnings released: EPS: kr3.32 (vs kr2.40 in 3Q 2021)Third quarter 2022 results: EPS: kr3.32 (up from kr2.40 in 3Q 2021). Revenue: kr1.07b (up 107% from 3Q 2021). Net income: kr126.0m (up 39% from 3Q 2021). Profit margin: 12% (down from 18% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 2.1% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Jul 27Second quarter 2022 earnings released: EPS: kr3.53 (vs kr2.24 in 2Q 2021)Second quarter 2022 results: EPS: kr3.53 (up from kr2.24 in 2Q 2021). Revenue: kr1.02b (up 116% from 2Q 2021). Net income: kr134.0m (up 58% from 2Q 2021). Profit margin: 13% (down from 18% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 18%, compared to a 10% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has increased by 23% per year, which means it is tracking significantly ahead of earnings growth.
Reported Earnings • May 05First quarter 2022 earnings released: EPS: kr3.43 (vs kr1.90 in 1Q 2021)First quarter 2022 results: EPS: kr3.43 (up from kr1.90 in 1Q 2021). Revenue: kr934.0m (up 116% from 1Q 2021). Net income: kr130.0m (up 81% from 1Q 2021). Profit margin: 14% (down from 17% in 1Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 29%, compared to a 9.6% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings.
Upcoming Dividend • Apr 15Upcoming dividend of kr3.75 per shareEligible shareholders must have bought the stock before 22 April 2022. Payment date: 28 April 2022. Payout ratio is a comfortable 42% and this is well supported by cash flows. Trailing yield: 1.9%. Lower than top quartile of German dividend payers (3.9%). Lower than average of industry peers (2.5%).
Valuation Update With 7 Day Price Move • Oct 20Investor sentiment improved over the past weekAfter last week's 21% share price gain to €20.65, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 19x in the Machinery industry in Germany. Total returns to shareholders of 38% over the past year.
Executive Departure • Oct 01Senior VP and Head of Europe & Rest of the World David Bessant has left the companyOn the 29th of September, David Bessant's tenure as Senior VP and Head of Europe & Rest of the World ended after 3.9 years in the role. As of June 2021, David still personally held 27.60k shares (€480k worth at the time). A total of 4 executives have left over the last 12 months. The current median tenure of the management team is 2.92 years.
Reported Earnings • Jul 22Second quarter 2021 earnings released: EPS kr2.24 (vs kr0.45 in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: kr473.0m (up 38% from 2Q 2020). Net income: kr85.0m (up 400% from 2Q 2020). Profit margin: 18% (up from 5.0% in 2Q 2020). The increase in margin was driven by higher revenue.
Reported Earnings • May 06First quarter 2021 earnings released: EPS kr1.90 (vs kr1.59 in 1Q 2020)The company reported a decent first quarter result with improved earnings and profit margins, although revenues were weaker. First quarter 2021 results: Revenue: kr432.0m (down 5.3% from 1Q 2020). Net income: kr72.0m (up 20% from 1Q 2020). Profit margin: 17% (up from 13% in 1Q 2020). The increase in margin was driven by lower expenses.
Executive Departure • Apr 30Independent Director has left the companyOn the 22nd of April, Martin Lundstedt's tenure as Independent Director ended after 9.0 years in the role. We don't have any record of a personal shareholding under Martin's name. A total of 3 executives have left over the last 12 months.
Executive Departure • Apr 30Independent Director has left the companyOn the 22nd of April, Marianne Brismar's tenure in the role of Independent Director ended. We don't have any record of a personal shareholding under Marianne's name. A total of 3 executives have left over the last 12 months.
Executive Departure • Apr 30Independent Chairman of the Board Kenth Eriksson has left the companyOn the 22nd of April, Kenth Eriksson's tenure in the role of Independent Chairman of the Board ended. As of December 2020, Kenth personally held 50.18k shares (€939k worth at the time). A total of 3 executives have left over the last 12 months.
Upcoming Dividend • Apr 16Upcoming dividend of kr3.50 per shareEligible shareholders must have bought the stock before 23 April 2021. Payment date: 29 April 2021. Trailing yield: 1.9%. Lower than top quartile of German dividend payers (3.2%). Higher than average of industry peers (1.1%).
Reported Earnings • Apr 03Full year 2020 earnings released: EPS kr5.42 (vs kr8.37 in FY 2019)The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: kr1.50b (down 25% from FY 2019). Net income: kr205.0m (down 36% from FY 2019). Profit margin: 14% (down from 16% in FY 2019). The decrease in margin was driven by lower revenue.
Analyst Estimate Surprise Post Earnings • Feb 11Revenue beats expectationsRevenue exceeded analyst estimates by 2.2%. Over the next year, revenue is forecast to grow 6.7%, compared to a 5.0% growth forecast for the Machinery industry in Germany.
Reported Earnings • Feb 11Full year 2020 earnings releasedThe company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: kr1.50b (down 25% from FY 2019). Net income: kr205.0m (down 36% from FY 2019). Profit margin: 14% (down from 16% in FY 2019). The decrease in margin was driven by lower revenue.
Is New 90 Day High Low • Jan 21New 90-day high: €19.22The company is up 28% from its price of €14.96 on 23 October 2020. The German market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Machinery industry, which is up 15% over the same period.
Is New 90 Day High Low • Dec 31New 90-day high: €18.72The company is up 16% from its price of €16.10 on 02 October 2020. The German market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Machinery industry, which is up 13% over the same period.
Is New 90 Day High Low • Dec 10New 90-day high: €16.78The company is up 8.0% from its price of €15.54 on 11 September 2020. The German market is up 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Machinery industry, which is up 3.0% over the same period.
Reported Earnings • Nov 05Third quarter 2020 earnings released: EPS kr1.06The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2020 results: Revenue: kr324.0m (down 30% from 3Q 2019). Net income: kr40.0m (down 38% from 3Q 2019). Profit margin: 12% (down from 14% in 3Q 2019). The decrease in margin was driven by lower revenue.
Analyst Estimate Surprise Post Earnings • Nov 05Revenue misses expectationsRevenue missed analyst estimates by 8.5%. Over the next year, revenue is forecast to grow 1.1% while the growth in Machinery industry in Germany is expected to stay flat.
Is New 90 Day High Low • Oct 29New 90-day low: €14.00The company is down 2.0% from its price of €14.34 on 31 July 2020. The German market is down 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Machinery industry, which is down 3.0% over the same period.