Bulten’s Q1 report 2015 Continued strong growth and

New Post Public Reply Private Reply Replies (0) Message Board

News Desk 2018

Apr 29, 2015 at 7:45 AM

Bulten’s Q1 report 2015

Continued strong growth and improved earnings – operating margin affected by currency revaluation FIRST QUARTER · Net sales reached SEK 713 million (581), up 22.7% on the same period last year. · Operating earnings (EBIT) were SEK 36 million (33), which corresponds to an operating margin of 5.1% (5.7). · Earnings after tax were SEK 29 million (23). · Orders received amounted to SEK 660 million (632), up 4.4% on the same period last year. · Cash flow from operating activities was SEK 49 million (-26). · Earnings per share were SEK 1.44 (1.09). · Net cash was SEK 95 million (-250) and the equity/assets ratio at the end of the period was 67.7% (51.9). “Once more Bulten is reporting a period of strong sales growth, good orders received and high capacity utilisation. Growth was mainly driven by two extensive FSP contracts that went into production in Q1, 2014 and in the middle of Q2, 2014, and the supplementary order we received in the autumn. A general improvement in demand for light vehicles in Europe also had a positive effect on the Group’s net sales. During the quarter we signed several new, smaller contracts. Some of them concern the operation in Russia, a joint venture between Bulten and GAZ, and we therefore continue to broaden our customer base beyond the original GAZ business. Bulten’s unit in Russia was also appointed by The Adam Smith Institute as Best Market Newcomer in 2014 on the Russian market for auto components in 2014, which is very pleasing and has generated a lot of positive exposure and publicity for Bulten within the Russian automotive industry. The prize was awarded at The Adam Smith Forum in Moscow in March 2015. Earnings have improved, but our operating margin of 5.1% was however negatively affected by exchange rates when translating working capital at closing day rates, which does not mean a long-term impact on our profitability or competitiveness. Excluding currency effects of around SEK 13 million, our operating margin was 6.9%. Following the Group’s strong growth, we will continue to optimise flows to improve profitability during 2015. Car sales in Europe (EU and EFTA) rose by 8.6% during the quarter according to ACEA’s statistics. We will continue to invest in logistics and existing production to meet good demand for our products and our FSP concept. We also see good potential to further increase our market shares and strengthen our market position.” Tommy Andersson, President and CEO Investors, analysts and media are invited to participate in the teleconference on April 29 at 14:30 CET when the report will be presented by Bulten’s President and CEO Tommy Andersson and the company’s EVP and CFO Helena Wennerström. To participate, please call 5 minutes before the opening of the conference call to Sweden +46 8 5055 6453, UK +44 2030 092 455, US +1 855 228 3719. Code: 215394#. Copies of the presentation will be available at www.bulten.com at approximately 30 minutes before start. The full report is attached to this press release. A replay of the telephone conference is available until May 13, 2015 on the phone numbers Sweden +46 8-5055 6444, UK +44 2033 645 943, USA +1 866 286 6997. Code: 363242#. For further information, please contact: Tommy Andersson, President and CEO Tel: + 46 31-734 59 00 Kamilla Oresvärd, Senior Vice President Corporate Communications Tel: +46 70-520 59 17, e-mail: kamilla.oresvard@bulten.com Bulten discloses the information provided herein pursuant to the Securities Market Act and/or the Financial Instruments Trading Act. The information was submitted for publication at 13:30 CET on April 29, 2015. Bulten is one of the leading suppliers of fasteners to the international automotive industry. The company’s product range includes everything from customer-specific standard products to specialist, customized fasteners. The company also provides technical development, line-feeding, logistics, material and production expertise. Bulten offers a Full Service Provider concept or parts thereof. Bulten AB (publ):s share is listed on Nasdaq Stockholm. Read more at www.bulten.com.

Newer

Older

Scroll down for more posts ▼

Top 10 Most Recent News Articles

Agiloft Navigates New Growth Phase with Key Leadership

Leadership Shifts Steer Agiloft's EMEA Journey Agiloft's latest shake-ups in leadership signal a determined charge through EMEA's bustling markets. Nick Bowles, a seasoned veteran in enterprise software, steps into the limelight as Senior Vice President, while Jim Leason shifts gears into a customer-focused advisory role. These aren’t just routine hiring...

TagMaster To Acquire Kapsch's RFID Ops in NA Market

A Strategic Move in the Transportation Sector Here's a fresh shake-up for the North American transportation sector: TagMaster, alongside its U.S. subsidiary Sensys Networks, is all set to acquire Kapsch TrafficCom's RFID-focused North American components business. This isn't just a minor shuffle—this deal could ripple through the industry, promising strategic uplifts...

Aluminum Fluoride Market to Hit $3.3B by 2031

By Ryan Hughes Updated Nov 13, 2026 Category News Views 150

Eye on the Aluminum Fluoride Surge Cracking open the numbers, the aluminum fluoride market is projected to swell from $2.48 billion in 2026 to a hefty $3.30 billion by 2031, trucking along at a CAGR of 5.9%. That's no small potatoes in the world of industrial materials. Scratch the surface, and you’ll see what's fueling this climb—think of it as a bellwether for...

JardogsHealth Taps Industry Titans for Growth Council

JardogsHealth: A New Chapter with Strategic Insights You've got to admire when a company rounds up a top-tier brain trust. Such is the case with JardogsHealth, the healthcare AI outfit nestled in Hillsboro, Illinois, as they align their future alongside heavyweights who’ve maneuvered through multiple industries and come out thriving. Their brand-new council includes...

Understanding Septic Tank Pumping: Insights & Tips

Why in the world are we discussing septic tanks today? Well, it’s because folks often overlook their importance until they’re knee-deep in unexpected plumbing woes. If you're a homeowner, understanding your septic system's needs is crucial to avoid literal and financial messes down the line. Behind the Scenes of Your Septic System Picture your household water usage....

Health Net Invests $3 Million in Stockton Housing

Putting a Roof Over Stockton's Head The talk of the town in Stockton is Health Net stepping up with a $3 million investment. This isn't just dropping loose change in a jar; it's about tackling a mammoth issue—making affordable housing more than just a pipe dream for 75 families. Community-driven, they say. What a cozy way to paint a picture of bridging that brutal gap...

Where Winds Meet Celebrates 1st Anniversary With New Region

A Staggering Universe Deepens: Hutuo's Introduction Just when you think you've seen it all, NetEase Games and Everstone Studio go and launch Hutuo, a compelling addition to the already sprawling universe of Where Winds Meet. On the occasion of its first global anniversary, this epic Wuxia ARPG throws players into the mud-soaked, steel-clashing chaos of a warzone, testing...

Odessa Water Overbilling Lawsuit Surges Ahead

Full Steam Ahead for Odessa's Water Fight Odessa, a dust-blown Texas town, ain't giving up without a fight. The court just lit a fire under the efforts of 46,000 residents and businesses hollering about their water bills that seemed to skyrocket outta nowhere. This court ruling lets the class action against the City of Odessa and Performance Services—they're the folks...

AI Use Hits 93% in Health Systems' Digital Shift

Healthcare's AI Surge: Jumping the Adoption Hurdle The digital health landscape isn't just humming along—it's hitting high gear. AI, once the shiny toy in innovation's toolkit, is now a fixture in 93.2% of healthcare systems according to CHIME's latest findings. For anyone keeping score, that's a hefty leap and paints a picture where AI isn't just in the game, it's...

Sports Clock Radio: A Game Time Enthusiast's Dream

A New Gadget for the Diehard Fan Fanatics, gather 'round. There's an innovation rolling out that's looking to marry the good old alarm clock radio with the rush of game day fever! Over in Pittsburgh, an inventor's cooking up something that every loyal sports fan might soon find irresistible—a Sports Clock Radio, bringing the stadium experience to your living room or...