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Bulten AB (BULTEN.ST)

BULTEN.ST on Stockholm Stock Exchange

113.50SEK
15 Dec 2017
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Latest Key Developments (Source: Significant Developments)

Bulten says to bring in new CEO in 2019 at latest
Thursday, 26 Oct 2017 07:30am EDT 

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 07:30am EDT 

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 10:00am EDT 

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

Bulten Q2 EBIT rises, order bookings up 13.9 pct
Wednesday, 12 Jul 2017 02:30am EDT 

July 12 (Reuters) - Bulten AB :Q2 net sales reached SEK 708 million vs yr-ago 686 million, an increase of 3.0 percent on same period last year.Q2 order bookings amounted to SEK 765 million vs yr-ago 672 million, an increase of 13.9 percent on same period last year.Q2 operating earnings (EBIT) were SEK 57 million vs year-ago 54 million.Says well equipped for a phase of growth and investments in production and logistics.Says development indicates strong underlying demand in automotive industry.  Full Article

Bulten wins contract with U.S. vehicle manufacturer
Thursday, 6 Jul 2017 08:00am EDT 

July 6 (Reuters) - Bulten AB :Bulten signs strategically important contract with vehicle manufacturer in USA.Says annual order value is of approximately $5.5 million, with a delivery value of $5 million to Bulten and $0.5 million to Ramco.Says deliveries will continue over a number of years, with start and ramp up during 2018.Says full volumes are expected to be reached in 2019/2020.  Full Article

Bulten Q1 operating earnings rises 15 pct
Tuesday, 25 Apr 2017 07:30am EDT 

April 25 (Reuters) - Bulten AB :Q1 net sales reached SEK 778 million (715), an increase of 8.8 pct on same period last year.Q1 operating earnings (EBIT) were SEK 63 million (55), which corresponds to an operating margin of 8.1 pct (7.7).Q1 order bookings amounted to SEK 720 million (699), an increase of 3.0 pct on same period last year.Says has started 2017 strongly and our prospects to continue winning market shares are good.  Full Article

Bulten says forms JV with Ramco in the U.S.
Sunday, 26 Feb 2017 09:53am EST 

BULTEN : Says establishes in USA and forms a joint venture with Ramco for fastener solutions for the North American market . Says joint venture to be equally owned (50/50) . Says sets up an U.S. subsidiary for producing externally threaded fasteners for the same market . Says the operations of both entities are scheduled to start in 2017 . Says joint venture will operate under the name Ram-Bul, headquartered in Ramco's new corporate headquarters in Hudson, Ohio . Says total investment is estimated at approximately USD 9 million distributed over four years with start-up in 2017 and the annual business potential for Bulten is estimated at approximately USD 30-40 million at full volumes by 2020 .Says the initiative is expected to have an initial marginal negative effect on Bulten's results in 2017 and 2018 with approximately SEK 3-4 million per year.  Full Article

Bulten Q4 posts higher operating profit, proposes raised dividend
Thursday, 9 Feb 2017 07:00am EST 

Bulten AB : Says board of Bulten AB proposes to AGM a total dividend of SEK 4.50 per share for 2016 . Q4 net sales reached SEK 674 million (667), an increase of 1.0% on same period last year. . Q4 Order bookings amounted to SEK 744 million (674), an increase of 10.5% on the same period last year. . Says 3.50 SEK (3.25) per share is to be considered as ordinary dividend and 1.00 SEK per share is to be considered as extra dividend . Says prospects for winning market share will be good from second half of 2017 . Bulten AB Q4 operating earnings (ebit) were SEK 52 million (47), which corresponds to an operating margin of 7.7% (7.1) Further company coverage: [BULTEN.ST] (Stockholm Newsroom) ((stockholm.newsroom@thomsonreuters.com; +46 (0)8-700 10 10;)).  Full Article

Bulten says wins Russian automotive order
Friday, 19 Aug 2016 02:30am EDT 

Bulten AB : Says signs additional contract with major Russian automotive manufacturer through its joint venture in Russia . Says annual order value is of approximately EUR 700 thousand . Says deliveries will continue over a number of years, with start and ramp up during 2017 . Says deliveries are expected to start in q2 2017 to gradually increase up to full capacity in 2018 For the original story click here: http://mb.cision.com/Main/405/2061706/551070.pdf Further company coverage: [BULTEN.ST] (Stockholm Newsroom) ((stockholm.newsroom@thomsonreuters.com; +46 (0)8-700 10 10;)).  Full Article

Bulten Q2 EBIT rises, sales fall on China and heavy vehicle deliveries
Wednesday, 13 Jul 2016 02:32am EDT 

Bulten AB : Q2 net sales SEK 686 million (696), down -1.4 percent on same period last year . Says deliveries to carmakers with European exposure remained good and were above the level of market growth. Deliveries to China and to heavy vehicle manufacturers were at a lower rate. In total therefore, net sales were marginally lower than previous year . Q2 operating earnings (EBIT) SEK 54 million (45) . Says ahead of us we still see that 2016 will be a year of growth in line with expectations on european vehicle production For the original story click here: http://mb.cision.com/Main/405/2044938/539670.pdf Further company coverage: [BULTEN.ST] (Stockholm Newsroom) ((stockholm.newsroom@thomsonreuters.com; +46 (0)8-700 10 10;)).  Full Article

BRIEF-Bulten says to bring in new CEO in 2019 at latest

* Bulten is preparing to change CEO by 2019 at the latest due to his retirement