Industry News

EBIT was SEK 165 million (up from SEK 133 million) corresponding to an operating margin of 6.1%. Earnings after tax were SEK 111 million compared with SEK 84 million previous year. Quarter 4 sales were up 7.3% year on year and the operating margin increased to 7.1%. 


Tommy Andersson, president and CEO, commented: “Bulten continues to develop positively and the most recent FSP contract that we signed, which in total is worth around SEK 60 million, is further evidence of our competence and the competitive advantage of our offer. It is especially satisfying that the order comes from a new Chinese customer, which strengthens our position on this growth market.

During the quarter Bulten recorded a sales increase of around 7%, thanks to new volumes and strong development in the European car market. The slowdown in China had some negative effects on sales in Q4, but these effects were less than in the previous quarter. Bulten’s profitability continued to strengthen in the quarter thanks to new sales volumes and the optimisation programme that was completed during the year. Earnings for the year improved despite the negative impact of around SEK 18 million in currency conversion. Earnings also include a positive impact of capital gains from the sale of machinery and property of around SEK 8 million in total.

In summary, 2015 was another successful year for Bulten and based on market information we judge that our market share have increased considerably during the year. Over the past six years Bulten has reported average annual growth of around 14% per year, which is much higher than the market in general. We expect that 2016 will be a year with growth in-line with the market and the following years, thanks to contracts already signed. We expect to see very good conditions for winning further market share.”