Bulten's President and CEO Anders Nyström has summarised the past year in a filmed speech, published as part of Bulten's Annual Report with Sustainability Report 2020.
"There is no doubt that 2020 as a whole was an extreme year for Bulten in several ways, with an automotive sector essentially closed down for several months due to the pandemic. In that perspective, it is not without a certain pride that we can sum up the Group’s development during the year. We performed a strong recovery during the second half of the year thanks to the phasing in of both previously obtained and completely new contracts and a good development in acquired PSM. In addition, accelerated efficiency initiatives clearly had positive earnings effects and contributed to a strong cash flow. Despite market headwinds, we have also succeeded well in our efforts to complete our strategic plan “Stronger 24”, which we presented at the beginning of 2020 with new progress in innovation and sustainability," commented Anders Nyström.
The full video, as well as the complete annual report is available on Bulten's website. The printed report will also be available during week 16 when it also will be distributed to the shareholders and other stakeholders who have requested a printed copy.
Bulten Group is one of the leading suppliers of fasteners to the international automotive industry. The company’s product range includes everything from customer-specific standard products to customised special fasteners. The company also provides technical development, line-feeding, logistics, material and production expertise. Bulten offers a Full Service Provider concept or parts thereof. The company was founded in 1873, has some 1,600 employees in sixteen countries and head office in Gothenburg.
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