Industry News

Bulten AB reported full year 2016 sales at SEK 2.676 billion, down 0.6% on 2015. Operating earnings (EBIT), however, increased to SEK 200 million up from SEK 165 million in 2015.

EBIT corresponded to an operating margin of 7.7% compared with 6.1% in 2015. Earnings after tax were SEK 146 million – a 31% improvement in 2015 (SEK 111 million). 

Tommy Andersson, president and CEO at Bulten, commented: “The year ended strongly with a 10.5% rise in order bookings for the final quarter compared with the same period last year. Bulten’s prospects for winning market share will be good from the second half of 2017, based on signed contracts and also ongoing discussions with customers.” Bulten reported its order bookings were SEK 2.717 billion, up 1.6%
on the same period the previous year.

Andersson went on to say: “Bulten continued to perform well in terms of profitability in the fourth quarter and is again reporting strong earnings and cash flow. During the quarter we have further reinforced our financial position and our key indicators, which is very pleasing. The operating margin increased to 7.7% and the return on capital employed to 13.9%, which are the consequence of a good, even rate of production and of completed optimisation measures.”

“Being a supplier to the automotive industry is challenging on many levels but we have managed to strengthen our customer relations by, among other things, supplying the best quality and service at the lowest possible cost. We have also advanced our position in technology for electric cars and hybrids.”

SEK 100 equivalent to approximately €10.56 at interbank