Bulten’s best-ever quarter.
FIRST QUARTER
-Net 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 –.