Bulten’s best-ever quarter.
FIRST QUARTERNet sales reached SEK 778 million 715, an increase of 8.8% on the same period last year.Operating earnings EBIT were SEK 63 million 55, which corresponds to an operating margin of 8.1% 7.7.Earnings after tax were SEK 51 million 40.Order bookings amounted to SEK 720 million 699, an increase of 3.0% on the same period last year.Cash flow from operating activities was SEK -2 million 78.Earnings per share were SEK 2.59 2.03.Net cash was SEK 54 million -114 and the equity/assets ratio at the end of the period was 69.7% 65.2.Bulten is strengthening its position by establishing a production company in the US and by forming a joint venture with Ramco for fasteners for the North American market. (…)
via Bulten –.