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Bulten AB (BULTEN.ST)

BULTEN.ST on Stockholm Stock Exchange

62.90SEK
20 Aug 2019
Change (% chg)

1.90kr (+3.11%)
Prev Close
61.00kr
Open
61.20kr
Day's High
64.20kr
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60.60kr
Volume
18,795
Avg. Vol
27,468
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113.40kr
52-wk Low
57.90kr

Latest Key Developments (Source: Significant Developments)

Bulten Q2 EBIT Down At SEK 21 Mln
Wednesday, 10 Jul 2019 

July 10 (Reuters) - Bulten AB ::BULTEN'S Q2 REPORT 2019.Q2 NET SALES AMOUNTED TO SEK 781 (810) MILLION, A DECREASE OF -3.5% ON SAME PERIOD LAST YEAR..Q2 OPERATING EARNINGS (EBIT) TOTALED SEK 21 (57) MILLION, EQUATING TO AN OPERATING MARGIN OF 2.7% (7.1)..Q2 EARNINGS AFTER TAX AMOUNTED TO SEK 14 (40) MILLION..SAYS Q2 SAW A CONTINUATION OF DECLINE ON CAR MARKET WHICH BEGAN IN SECOND HALF OF 2018, AND MARKET SITUATION IS REFLECTED IN BULTEN'S LOWER VOLUMES.EARNINGS WAS AFFECTED NEGATIVELY BY A LOWER RATE OF PRODUCTION IN ORDER TO BALANCE INVENTORY LEVELS TO DEMAND, BUT ALSO DUE TO LOWER SALES, PRIMARILY TOWARD END OF QUARTER.WE ARE NOT SATISFIED WITH DEVELOPMENT DURING QUARTER, BUT ADJUSTMENT OF PRODUCTION RATE WAS NECESSARY IN PREVAILING MARKET CLIMATE.UNDER-ABSORPTION HAD A NEGATIVE IMPACT ON EARNINGS OF APPROXIMATELY SEK 25 MILLION DURING Q2.LOWER PRODUCTION RATE HAS BROUGHT REDUCTION IN INVENTORIES ACCORDING TO PLAN, BUT ALSO RESULTED IN A LOWER UTILIZATION OF PRODUCTION UNITS' CAPACITY AND THUS UNDER-ABSORPTION OF FIXED COSTS.PRODUCTION RATE WILL REMAIN LOWER AT START OF Q3.AT PRESENT, DEMAND REMAINS LOWER THAN LAST YEAR, AND VOLUMES RELATED TO NEW CONTRACTS HAVE RAMPED UP MORE SLOWLY THAN ANTICIPATED.  Full Article

Bulten's Q2 Earnings Negatively Affected By About SEK 25 Mln
Thursday, 4 Jul 2019 

July 4 (Reuters) - Bulten AB ::BULTEN'S EARNINGS FOR THE SECOND QUARTER NEGATIVELY AFFECTED BY APPROXIMATELY SEK 25 MILLION DUE TO LOWER PRODUCTION RATE TO ADJUST INVENTORY LEVELS.THIS IS A CONSEQUENCE OF DECLINING DEMAND, ESPECIALLY DURING LATTER PART OF QUARTER.IS EXPECTED TO AFFECT EARNINGS FOR Q2 BY APPROXIMATELY SEK 25 MILLION.DURING Q2, DECLINE IN LIGHT VEHICLE MARKET, WHICH BEGAN IN LAST SIX MONTHS OF 2018, CONTINUED, AND MARKET SITUATION WAS REFLECTED IN BULTEN'S VOLUMES.EARNINGS HAVE BEEN NEGATIVELY AFFECTED BY LOWER VOLUMES, BUT ALSO BY A LOWER PRODUCTION RATE IN ORDER TO BALANCE INVENTORY LEVELS AGAINST DEMAND.PRODUCTION RATE WILL CONTINUE TO BE LOWER AT BEGINNING OF Q3, BUT NOT TO SAME EXTENT AS DURING Q2.  Full Article

Bulten Q1 EBIT Down At SEK 58 Million
Thursday, 25 Apr 2019 

April 25 (Reuters) - Bulten AB ::BULTEN'S Q1 REPORT 2019.Q1 NET SALES SEK 810 MILLION VERSUS SEK 853 MILLION YEAR AGO.SLOWDOWNS IN CAR INDUSTRY ARE PRIMARILY BEING CAUSED BY CONSUMER CONCERNS ABOUT EFFECTS OF A POSSIBLE HARD BREXIT.Q1 EBIT SEK 58 MILLION VERSUS SEK 67 MILLION YEAR AGO.  Full Article

Bulten Q1 operating profit rises, margin drops
Thursday, 26 Apr 2018 

April 26 (Reuters) - Bulten AB ::Q1 NET SALES AMOUNTED TO SEK 853 (778) MILLION, AN INCREASE OF 9.6% ON SAME PERIOD LAST YEAR..Q1 OPERATING EARNINGS (EBIT) TOTALED SEK 67 (63) MILLION, EQUATING TO AN OPERATING MARGIN OF 7.8% (8.1).Q1 ORDER BOOKINGS AMOUNTED TO SEK 779 (720) MILLION, AN INCREASE OF 8.2% ON SAME PERIOD LAST YEAR.  Full Article

Bulten Q4 operating profit rose to SEK 55 mln ​
Thursday, 8 Feb 2018 

Feb 8 (Reuters) - Bulten Ab ::BULTEN AB Q4 - ‍NET SALES REACHED SEK 740 MILLION (674)​.BULTEN AB Q4 - ‍OPERATING EARNINGS (EBIT) WERE SEK 55 MILLION (52)​.BULTEN AB Q4 - ‍ORDER BOOKINGS AMOUNTED TO SEK 839 MILLION (744)​.BULTEN AB Q4 - ‍BOARD OF BULTEN AB PROPOSES TO AGM THAT DIVIDEND BE SEK 3.75 PER SHARE (SEK 4.50 IN 2016, OF WHICH SEK 3.50 WAS AN ORDINARY DIVIDEND AND SEK 1.00 AN EXTRA DIVIDEND).​.  Full Article

Bulten says to bring in new CEO in 2019 at latest
Thursday, 26 Oct 2017 

Oct 26 (Reuters) - Bulten AB :Bulten is preparing to change CEO by 2019 at the latest due to his retirement.Says CEO Tommy Andersson will remain in his post until further notice, although at the latest by the time of the 2019 Annual General Meeting.Says board will now start a recruitment process to find a successor.  Full Article

Bulten operating earnings fall in Q3
Thursday, 26 Oct 2017 

Oct 26 (Reuters) - Bulten AB :Q3 ‍net sales reached SEK 630 million, an increase of 5.0 pct on same period last year​.Q3 ‍operating earnings (EBIT) were SEK 35 million vs yr-ago 39 million, which corresponds to an operating margin of 5.5 pct vs yr-ago 6.5 pct​.Q3 ‍order bookings amounted to SEK 691 million, an increase of 14.7 pct.Says growth and profitability were hampered by slightly lower volumes due to customers’ model changes.Says the profitability has also been negatively impacted by higher global market prices for steel and other metals, as well as currency effects.Says underlying profitability is good considering this was the third quarter, which has fewer production days.​.  Full Article

Bulten to invest 177 mln SEK in new plant in Poland
Monday, 11 Sep 2017 

Sept 11 (Reuters) - Bulten Ab :Bulten AB (publ) has decided to invest around PLN 80.5 million (approximately SEK 177 million) in a new strategically important production and logistics plant in Poland to meet future volumes.The set-up, which is conditional upon obtaining the required permits, will start in 2017 and production is expected to start in the first half of 2019.  Full Article