Industry News

Bulten Q1 sales up 0.3% 31 May 2016

Bulten reported Quarter One sales of SEK 715 million (approximately 78 million euros) up 0.3% on the same period 2015.

EBIT was up to SEK 55 million from SEK 36 million in Q1 2015 with a corresponding increase in margin from 5.1% to 7.7%. After tax earnings also increased to SEK 40 million from SEK 29 million in Q1 2015.
Tommy Andersson, Bulten president and CEO, commented: “Bulten’s sales to European carmakers, especially in the premium segment, remained good during the start of the year – while sales to the heavy vehicle segment were initially at a slower pace. Net sales were therefore marginally lower than market growth for European vehicle production. Incoming orders were however very good during the quarter.” He also noted small but encouraging orders from Russian vehicle makers.
Andersson attributed stronger profitability in the quarter to “even, disruption free production and the completed optimisation programme”.

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