Bulten’s Board of Directors withdraws proposal for a dividend of SEK 4.00 per share and take measures to mitigate the impact of Covid-19
In recent weeks, Covid-19 has had a significant impact on Bulten's deliveries, which will have a negative impact on earnings in the first quarter. To mitigate the impact, the company is taking measures, including short-term layoffs in Europe. Furthermore, the Board of Directors has decided to withdraw the previously communicated proposal to the Annual General Meeting 2020 of a dividend of SEK 4.00 per share, totaling approximately SEK 84 million.Given the uncertain situation, it is currently not possible to estimate the full potential impact for Bulten in the coming quarters, but there is a