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Press release from the Annual General Meeting of FinnvedenBulten AB (publ) April...

24 Apr, 2013 19:10 CET  -   FinnvedenBulten AB
FinnvedenBulten AB (publ) has held its Annual General Meeting on April 24, 2013. Below is a summary of the decisions made at the meeting.
Adoption of the income statement and balance sheet, and discharge from liability
The AGM adopted the income statement and the balance sheet, and the consolidated income statement and the consolidated balance sheet for 2012. The AGM granted the Board of Directors and President...

FinnvedenBulten’s Q1 report 2013

24 Apr, 2013 13:00 CET  -   FinnvedenBulten AB
Weak sales, but gradual increase in order bookings compared to Q3 and Q4 last year.
FIRST QUARTER

· Net sales reached SEK 709 million (80), down 12.1% on the same period last year.
· Earnings (EBIT) were SEK 19 million (40), which gave an operating margin of 2.7% (5.0).
· Profit after tax was SEK 6 million (30).
· Order bookings amounted to SEK 812 million (865), down 6.0% on the same period last year.
·...

The Administrative Court of Appeal gives FinnvedenBulten right in tax ruling

16 Apr, 2013 15:00 CET  -   FinnvedenBulten AB
The Administrative Court of Appeal in Stockholm has in a ruling dated April 11, 2013 repealed the Swedish tax authority Skatteverket’s (“Skatteverket”) review decision of FinnvedenBulten AB (publ) ("FinnvedenBulten") tax loss carryforwards and grants that FinnvedenBulten is entitled to reimbursement for costs associated with the process.
Skatteverket has previously, through review decision, declined...

Invitation to conference call regarding FinnvedenBulten’s Q1 report 2013

12 Apr, 2013 13:00 CET  -   FinnvedenBulten AB
FinnvedenBulten’s interim report for the period 1 January – 31 March 2013 will be published on Wednesday 24 April 2013, at approximately 13:00 CET.
Investors, analysts and media are invited to participate in the teleconference on Wednesday, April 24 at 14:30 CET when the report will be presented by FinnvedenBulten’s President and CEO Johan Westman. Additional participants from the company are Executive Vice...

FinnvedenBulten’s Annual Report for 2012 released

28 Mar, 2013 09:00 CET  -   FinnvedenBulten AB
The Swedish language version of FinnvedenBulten’s Annual Report for the 2012 financial year is, as of today, published on the company’s website www.finnvedenbulten.com. The English version is expected to be available during the week commencing with 15 April and the printed (Swedish and English) version will be ready during week commencing with 22 April.

The Swedish Annual Report 2012 is enclosed to this press...

FinnvedenBulten Full Year Report for the period January – December, 2012

7 Feb, 2013 13:30 CET  -   FinnvedenBulten AB
PRESS RELEASE | GOTHENBURG, 7 FEBRUARY 2013

Tough finish in 2012, promising ventures in Russia and China, unchanged dividend
FOURTH QUARTER

· Net sales reached SEK 677 million (803), down 15.7% on the same period last year.
· Earnings (EBIT) were SEK 10 million (43), which gave an operating margin of 1.4% (5.4).
· Earnings after tax for the quarter was SEK -16 million (30).
· Earnings after tax included...

Invitation to conference call regarding presentation of FinnvedenBulten’s Full Y...

23 Jan, 2013 15:00 CET  -   FinnvedenBulten AB
FinnvedenBulten’s Full Year Report for the period 1 January – 31 December 2012 will be published on 7 February 2013, at approximately 13:30 CET.
Investors, analysts and media are invited to participate in the teleconference on Thursday, 7 February at 15:30 CET when the report will be presented by FinnvedenBulten’s President and CEO Johan Westman. Additional participants from the company are Executive Vice...

FinnvedenBulten grows its light weight business

20 Dec, 2012 08:59 CET  -   FinnvedenBulten AB
- Signs agreement to form joint venture in China and receives significant order PRESS RELEASE Gothenburg 20 December, 2012 FinnvedenBulten announces today that the division Finnveden Metal Structures has signed an agreement with Beijing Hainachuan Automotive Parts Co., Ltd (BHAP) and Amgain Shandong Magnesium Co., Ltd (Amgain) to form a Joint Venture for manufacturing of light weight die casted components in...

FinnvedenBulten and GAZ sign final agreement

20 Dec, 2012 08:59 CET  -   FinnvedenBulten AB
PRESS RELEASE Gothenburg, Sweden, December 20, 2012 The Automotive Components division of GAZ Group, which is Russia's largest manufacturer of commercial vehicles, and FinnvedenBulten announce today that they have signed a final agreement to form a company for manufacturing fasteners at GAZ Group's plant Gorky Automobile Plant. FinnvedenBulten thereby establishes its first production facility in Russia.

Finnveden Metal Structures gives notice of redundancy affecting 25 employees

1 Nov, 2012 14:10 CET  -   FinnvedenBulten AB
PRESS RELEASE | GOTHENBURG, 1 NOVEMBER 2012. Finnveden Metal Structures has given notice of redundancy affecting 25 employees at the factory in Olofström, Sweden in order to adapt the operation to the current demand.
”With the current market conditions, this is unfortunately a necessary measure in order to adapt the operation to the right level,” says Johan Westman, President and CEO, FinnvedenBulten.

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