Industry News

Bulten nine months sales up 13% 11 December 2015

Bulten reported Quarter 3 sales of SEK 618 million (65.5 million euros) up 4.1% on the same period 2014. EBIT operating earnings were SEK 36 million (Q3 2014: SEK 25 million). Earnings after tax were SEK 22 million (2014: SEK 17 million).

Year to date sales were SEK 2,027 million (214.8 million euros) up 13% on the same period 2014. EBIT was SEK 118 million (2014: SEK 95 million) corresponding to an operating margin of 5.8% (2014: 5.3%). Earnings after tax were SEK 87 million (2014: SEK 66 million).

Bulten confirmed it had won a new full service provision contract worth 20 million euros during the Quarter. Order bookings for the 9 months were up 8% to SEK 2,000 million.
The report noted that growth in the third Quarter had been affected by the slowdown in China and by two FSP contacts reaching full volume around the same time last year. Profitability had strengthened thanks to higher volumes and more favourable exchange rates together with the benefit from an “ongoing optimisation programme”.
Bulten reported it would indirectly acquire the property of its Swedish production unit in Halstahammar at which it was already the head tenant. Bulten will pay SEK 113 million for the property company Söderport Hallstaham Hall AB and will see an annual operating profit improvement of around SEK 8 million as a result.

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Will joined Fastener + Fixing Magazine in 2007 and over the last 15 years has experienced every facet of the fastener sector - interviewing key figures within the industry and visiting leading companies and exhibitions around the globe.

Will manages the content strategy across all platforms and is the guardian for the high editorial standards that the Magazine is renowned.