May 08, 2024 / 08:00AM GMT
Martin Kunz - Concentric AB - President, Chief Executive Officer
Good morning, everybody. A very warm welcome to our Q1 presentation. I welcome everybody here in Stockholm who is physically present in the room, but also everybody out there on the web and in the conference call room. I'm here in Stockholm with Marcus Whitehouse, our CFO, and we will guide you through our Q1 performance.
And I would like to start. First of all, as usual with sales. So sales came in at just over SEK1 billion. That was 11% less than the comparable quarter last year. However, it has been a significant improvement over the fourth quarter 2023. We have seen during the quarter diminishing of customer destocking activities, and we can see that our customer demand has compared to previous quarters has stabilized.
The sales of our products remained strong. So we achieved SEK244 million in electric sales, which corresponds to 24% of our total group sales. The book-to-bill ratio in the quarter was 92% and our operating income was SEK137 million, resulting in an operating margin of 13.7%, which is a significant
Q1 2024 Concentric AB Earnings Call Transcript
May 09, 2024
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