Bufab has reported a strengthened gross margin and improved operating margin, with net sales increasing by 1.6% to SEK 2.184 billion (€199 million).
Erik Lundén, president and CEO at Bufab Group, comments: “The year started in a good way with a strengthened gross margin and improved operating margin, as well as the organic growth continuing its positive trend.”
Bufab reported positive total growth of 1.6% after several quarters of negative growth. The organic growth was -0.1%, showing an improvement to the fourth quarter, when it was -1.5%. Region Asia-Pacific highlights to demonstrate strong organic growth of 17.2%, led by China. Erik highlights: “Demand was strongest in the defence, energy and medical industries, while agriculture, automotive, furniture and interior had a weaker development. The market conditions in the important general industry, construction, and mobile home and trailer segments, were stable.”
“Trade tariffs between the US and other countries are moving back and forth rapidly and we are monitoring the developments closely. We can see how higher tariffs could affect Bufab’s operations in the US in the short term, but as a large and stable supplier that manages these disruptions better than smaller competitors, we may benefit over time. We are already working actively with both suppliers and customers to ensure that we maintain our strong position and good profitability in the region,” adds Erik.
He concludes: “Despite the uncertain market climate, we remain optimistic about the future. Going forward, our focus will be on gaining market share, gradually improving our margins and delivering strong cash flow. This will put us in a strong position when the market rebounds and provide a solid platform for a continued long-term, sustainable and profitable growth journey.”
Bufab’s CFO leaves during 2025
Pär Ihrskog, CFO, has decided to leave Bufab to take on new challenges. Pär will remain in his current role until October 2025. The process to recruit a successor will begin immediately.
Having spent a decade in the fastener industry experiencing every facet – from steel mills, fastener manufacturers, wholesalers, distributors, as well as machinery builders and plating + coating companies, Claire has developed an in-depth knowledge of all things fasteners.
Alongside visiting numerous companies, exhibitions and conferences around the world, Claire has also interviewed high profile figures – focusing on key topics impacting the sector and making sure readers stay up to date with the latest developments within the industry.
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