REDDITCH, England, Sept. 18, 2024 /PRNewswire/ -- Challenging market conditions, mainly consisting of slowdowns in end markets, are expected to have a negative impact on the financial outcome of Concentric AB ("Concentric" or the "Company") in Q3 2024. As a result, Concentric publishes an earnings update and adopts an action plan to address the current market conditions.
Earnings update
Weak demand in the Company's end-markets in the sectors of agriculture, construction, truck and industrial applications have resulted in a negative development for the Company's base business. The slowdown in the Company's end-markets has resulted in reduced order volumes from key customers, which in turn has had a negative impact on the Company's sales during Q3 ...
