Concentric AB (LTS:0P4X)
kr 225.75 0 (0%) Market Cap: 8.43 Bil Enterprise Value: 8.98 Bil PE Ratio: 30.00 PB Ratio: 3.85 GF Score: 59/100
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Q4 2023 Concentric AB Earnings Call Transcript

Feb 07, 2024 / 09:00AM GMT
Release Date Price: kr158.5 (-5.65%)
Martin Kunz;publ;President;CEO
Concentric AB

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Thank you, very much and good morning, everybody. Very warm welcome to all participants in the Q4 presentation are both here in Stockholm in person as well as sub out there connected to via phone. And this is our Q4 results presentation. I'm here with Marcus Whitehouse, our CFO.

And so let's kick off. Q4 has been a challenging quarter from for the business from you will have seen it a combination of significant destocking activities with weaker markets, which led term for the business from to an underlying sales growth of minus 9%. And so, our net sales have actually ended up significantly below expectations at the end of the third quarter, up from MSEK 945.

However, the sales of our electric products have remained strong in the quarter, which is obviously good indication for the execution of our of our electrification strategy and on our electric sales with the 24% in the fourth quarter. We have also reached 20% for the full year, which was our original 25 target. That means we have

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