BULTEN’S Q1 REPORT 2022
Strong quarter despite a weak startFIRST QUARTER · Net sales amounted to SEK 1,034 (1,103) million, a decrease of -6.3% on the same period last year. · Operating earnings (EBIT) totaled SEK -11 (98) million, equating to an operating margin of -1.1% (8.9). · Adjusted operating earnings totaled SEK 72 (98) million, equating to an adjusted operating margin of 7.0% (8.9). In light of Russia’s invasion of Ukraine and the related sanctions, at the beginning of March Bulten decided to discontinue its operation in Russia. Divestment costs related to the Russian operation burdened the