)
Company Research15 Apr 2024
The Industrial Machinery, Supplies, and Components Industry
Explore the industrial machinery industry's growth, driven by technology, sustainability, and digital transformation, impacting global economic development.
Concentric (COIC) investor relations material
Concentric Q2 2024 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q2 2024 earnings summary31 Jul, 2024
Executive summary
Net sales declined 13–14% year-over-year to MSEK 955, with minimal FX impact; both engines and hydraulics divisions saw similar declines and reduced customer demand.
Electric product sales grew 12.7% year-over-year, now representing 23% of group sales, up from 18% last year.
Market conditions remain challenging, especially in agriculture and construction, which together account for about 50% of sales.
Strategic focus on electrification, with significant investments in India and the US, and major new business wins in Alfdex/Alstex joint venture totaling MSEK 1,300.
Strong growth in electric product prototype shipments, up 114% year-over-year.
Financial highlights
Operating income before items affecting comparability was MSEK 124 (margin 13%), but a MSEK 100 warranty provision reduced reported operating income to MSEK 24 (margin 2.5%).
Cash flow from operations reached MSEK 103, with a cash conversion ratio of 137% for the quarter.
Book-to-bill ratio at quarter-end was 89%, indicating further sales weakness expected.
Net debt at quarter-end was MSEK 777, reduced from MSEK 950 year-over-year; gearing ratio dropped to 35% from 42%.
Dividend of MSEK 158 (SEK 4.25/share or €15M) paid during the quarter; cash and equivalents at MSEK 374.
Outlook and guidance
Q3 2024 net sales expected to be slightly weaker than Q2, with continued weak demand in end markets.
Additional cost-saving measures being implemented to maintain margins.
Continued progress expected in electrification and new market opportunities, including data centers and energy storage.
Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.
The essential earnings season companion
The #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
)
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
Related articles
)
Edge3 Oct 2025
Epiroc: A Culture of Moving Mountains
From automation to electrification, Swedish industrial giant Epiroc is leading a transformation in how the world mines.
)
Company Research22 Sep 2025
Moody's: Shaping Global Credit
Explore Moody's evolution from publishing manuals to becoming a giant in credit ratings, guiding issuers, investors, and regulators worldwide.
Frequently asked questions
Concentric AB designs, develops, manufactures and distributes solutions for engine and hydraulic applications. The company offers hydraulic pumps, motors, power systems and speed controls for mobile equipment in the construction, mining, agricultural and industrial sectors; gear systems for commercial vehicle markets worldwide; and turbochargers for heavy-duty vehicles powered by diesel engines. The company also provides solutions to original equipment manufacturers in various industries, such as pumps and motors for aircraft ground support equipment, fire-fighting vehicles, recreational/sports cars and power-trains as well as turbo technologies within aerospace markets.
Quartr provides global coverage of all investor relation material from public companies.
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Yes, the Quartr mobile app is free on both iOS and Android.
Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.
Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.
Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.
Explore our global coverage