Bulten earnings for the third quarter were negatively affected by restructuring in Germany and lower production rate
Bulten AB (publ) releases its full report for the third quarter on October 24, 2019. As previously announced, restructuring is underway in the company's unit in Bergkamen, Germany. The restructuring is expected to generate an annual saving of approximately SEK 25 million from the calendar year 2020. Costs for the restructuring are expected to amount to approximately SEK 20 million, which will be charged to the third quarter 2019. Continued decline in the automotive markets and the adaptation of production to demand impacted the company's earnings during the third quarter by approximately SEK