Bulten

THIRD QUARTER

• Net sales amounted to SEK 1,333 (1,378) million, a decrease of -3.3% on the same period the previous year.
• Operating earnings (EBIT) totaled SEK 91 (31) million, equating to an operating margin of 6.8% (2.3). Note that one-off effects of approximately SEK 20 million have had a positive impact on operating earnings. These are attributable, among other things, to insurance compensation linked to machinery in Poland.
• Earnings after tax amounted to SEK 38 (-25) million.
• Order bookings amounted to SEK 1,455 (1,566) million, a decrease of -7.2% on the same period the previous year.
• Cash flow from operating activities totaled SEK -61 (20) million.
• Earnings per share were SEK 1.56 (-1.49).
• On July 22, the Board of Bulten AB (publ) appointed Axel Berntsson as the new President and CEO of Bulten Group. Axel joins Bulten from Absolent Air Care Group (publ) where he was President and CEO. He will take up his new role in early 2025 at the latest.

JANUARY – SEPTEMBER

• Net sales amounted to SEK 4,332 (4,181) million, an increase of 3.6% on the same period the previous year.
• Operating earnings (EBIT) totaled SEK 281 (197) million, equating to an operating margin of 6.5% (4.7). Note that one-off effects of approximately SEK 20 million have had a positive impact on operating earnings. These are attributable, among other things, to insurance compensation linked to machinery in Poland.
• Earnings after tax amounted to SEK 152 (97) million.
• Cash flow from operating activities totaled SEK 169 (262) million.
• Earnings per share were SEK 6.42 (3.89).
• Net debt amounted to SEK 1,461 (1,422) million. Net debt, excluding lease liabilities, totaled SEK 940 (882) million.
• The equity/assets ratio was 39.4% (38.5) at the end of the period The equity/assets ratio, excluding lease liabilities, totaled 44.0% (43.1).

“Our efforts to improve operating earnings have paid off during the quarter. Net sales have decreased slightly, mainly due to lower demand for fasteners in the automotive sector as a result of declining vehicle sale,” says Christina Hallin, Interim President and CEO.

A live presentation for analysts, media and investors will be held today, at 15.30 PM CEST, where Interim President and CEO Christina Hallin and CFO Anna Åkerblad will be commenting the result. The presentation will be held in English and include a Q&A session.

Information for participants:
If you wish to participate via the webcast, please use the link below. Through the webcast, there is an opportunity to ask written questions.
https://ir.financialhearings.com/bulten-q3-report-2024

If you prefer to participate via conference call, please register using the link below. After registration, you will receive a phone number and a conference ID to log in to the conference. Through the telephone conference, there is an opportunity to ask questions verbally.
https://conference.financialhearings.com/teleconference/?id=50049094

The report is also be available on Bulten’s website:
https://www.bulten.com/en/IR?