Industry News

Bufab Group net sales declined by -4.1% to SEK 1.86 billion in 2024 (2023: SEK 1.94 billion), with organic growth down 1.5%, as well as order intake somewhat lower.

Erik Lundén, president and CEO at Bufab, comments: “During the year, we have successfully implemented our strategy across the business. We strengthened the added value we deliver to customers by an expanded service and product portfolio.” 

“One example is the implementation of a record number of new logistics solutions during the year that strengthen our customer relationships and provide us with an increased growth rate,” continues Erik. “We also acquired VITAL, a leading Italian distributor of C-parts, and divested the manufacturing companies Bufab Lann and Hallborn Metall. In conclusion, we are in a good position to be able to deliver on our profitability target.”

Bufab reported an increased gross margin in the fourth quarter, in a continued cautious market. The acquisition of VITAL, with net sales of €48 million, strengthens Bufab’s position on the Italian market. During the fourth quarter the market trend continued to be cautious, resulting in organic growth of -1.5%. However, the organic growth showed an improvement compared to the third quarter, when it was -2.6%. 

Erik concludes: “We continue, according to plan, to implement our strategy and our short term priorities remain – to capture market share, gradually improve our margin and deliver a strong cash flow.”