Concentric First Quarter 2024 Earnings: EPS: kr2.69 (vs kr3.19 in 1Q 2023)

Concentric (STO:COIC) First Quarter 2024 Results

Key Financial Results

• 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).
• EPS: kr2.69 (down from kr3.19 in 1Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Concentric Earnings Insights

Looking ahead, revenue is forecast to grow 1.5% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Machinery industry in Sweden.

Performance of the Swedish Machinery industry.

The company's shares are up 8.0% from a week ago.

Risk Analysis

You should learn about the 1 warning sign we've spotted with Concentric.

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