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  • Bulten AB (publ)
    Box 9148 400 93 GÖTEBORG
    +46 31 734 59 00
    http://www.bulten.com
  • Ulrika Hultgren

    SVP Corporate Communications & IR


    +46727471758
    http://www.bulten.com

    • Quotes

    This is a strategically important contract for us, as it further diversifies our customer base and strengthens our position on the Asian market. It is an effect of our earlier acquisition of PSM, which provides good opportunities to grow in Asia and in various segments, including consumer electronics.
    Anders Nyström, President and CEO of Bulten
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    Bulten establishes operation in India through joint venture company

    Bulten is establishing manufacturing operations in India through a newly formed joint venture company – Bulten Radium Industries Private Ltd. – alongside two partners: Radium Fasteners Private Ltd. (Radium) and ZJK Precision Parts HK (ZJK). The driver is an increased need for domestically produced micro screws among international customers in the electronics sector with production in India."Our ambition is to increase sales, primarily of micro screws, to companies in the electronics industry. India is a growing market for this segment, as many international manufacturers of electronics are

    BULTEN'S Q3 REPORT 2023

    A quarter of higher sales and ongoing capacity challenges – although acquisitions create opportunitiesTHIRD QUARTER · Net sales amounted to SEK 1,378 (1,095) million, an increase of 25.9% on the same period the previous year. · Operating earnings (EBIT) totaled SEK 31 (47) million, equating to an operating margin of 2.3% (4.3). · Adjusted operating earnings totaled SEK 36 (47) million, equating to an adjusted operating margin of 2.6% (4.3). Operating earnings have been charged with transaction costs of SEK -5 million attributable to the acquisition of Exim & Mfr Holdings Pte Ltd (

    Bulten AB nomination committee for 2024 AGM appointed

    The Bulten Annual General Meeting will be held in Gothenburg, Sweden on Thursday April 25, 2024. Nomination committee members for the meeting have now been appointed.The nomination committee shall, according to the AGM’s decision, consist of four members: a representative for each of the three major shareholders on the last banking day in September who wish to appoint a member to the nomination committee, and the Chairman of the Board. The three major shareholders refer to those registered and ownership-grouped by Euroclear Sweden AB as of the last banking day in September. If any of the

    Invitation to the presentation of Bulten Group’s Q3 report 2023

    Bulten Group’s interim report for January-September 2023 will be published on October 26, at 1.30 PM CEST.A live presentation for analysts, media and investors will be held the same day, at 3.30 PM CEST, where President and CEO Anders Nyström and CFO Anna Åkerblad will be commenting the result. The presentation will be held in English and include a Q&A session. Date: Thursday, October 26Time: The report will be published at 1.30 PM CEST and the webcasted telephone conference starts at 3.30 PM CEST Information for participants:If you wish to participate via webcast, please use the

    Bulten completes the acquisition of Exim & Mfr Holdings Pte Ltd

    Bulten today announces that the acquisition of Exim & Mfr Holdings Pte Ltd “Exim” has been completed. Closing of the transaction follows the announcement on July 6, 2023, that Bulten has signed an agreement to acquire Exim for a purchase sum of approximately SGD 66.3 million (SEK 540 million) on a cash-free and debt-free basis.Exim, established in 1982 and based in Singapore, distributes fasteners and other c-parts*, along with related services from more than 1,800 manufacturers and suppliers for American, European, Indian and Japanese companies operating in Asia. The company has more than

    BULTEN'S Q2 REPORT 2023

    Acquisition in Asia, record demand but challenges in the supply chainSecond quarter · Net sales amounted to SEK 1,416 (1,006) million, an increase of 40.8% on the same period the previous year. · Operating earnings (EBIT) totaled SEK 50 (41) million, equating to an operating margin of 3.5% (4.1). · Adjusted operating earnings totaled SEK 58 (51) million, equating to an adjusted operating margin of 4.0% (5.0). Operating earnings have been charged with transaction costs of SEK -8 million attributable to the acquisition of Exim & Mfr Holdings Pte Ltd ("Exim"). The corresponding

    Bulten enters into agreement to acquire Exim & Mfr Holdings Pte Ltd

    Bulten has entered into an agreement to acquire all shares in Exim & Mfr Holdings Pte Ltd “Exim”, an Asian, Singapore-based distributor of fasteners and other components, for a purchase sum of approximately SGD 66.3 million (SEK 530 million) on a cash-free and debt-free basis. The acquisition affords Bulten a good platform to grow in new sectors, where the distribution stage is a pivotal sales channel.The acquisition is expected to contribute to Bulten’s development and earnings, and to increase earnings per share. Exim gives Bulten access to a large, broad customer base in growth sectors

    Invitation to the presentation of Bulten Group’s Q2 report 2023

    Bulten Group’s interim report for January-June 2023 will be published on July 12, at 08.00 AM CEST.A live presentation for analysts, media and investors will be held the same day, at 11.00 AM CEST, where President and CEO Anders Nyström and CFO Anna Åkerblad will be commenting the result. The presentation will be held in English and include a Q&A session. Date: Wednesday, July 12.Time: The report will be published at 08.00 AM CEST and the webcasted telephone conference starts at 11.00 AM CEST. Information for participants:If you wish to participate via webcast, please use the link

    Press release from the Annual General Meeting of Bulten AB (publ) April 25, 2023

    Bulten AB (publ) held its Annual General Meeting on Tuesday April 25, 2023. Here follows a summary of the resolutions made at the AGM, all resolutions were made with the requisite majority and in accordance with the proposals presented prior to the AGM.Adoption of the income statement and the balance sheet, and of the consolidated income statement and the consolidated balance sheet, as well as discharge from liability. The AGM adopted the income statement and the balance sheet, and the consolidated income statement and the consolidated balance sheet for 2022. The AGM resolved, in

    Bultens Q1 report 2023

    A strong quarter with record sales, a positive results trend and a 150-year anniversaryFIRST QUARTER · Net sales amounted to SEK 1,387 (1,034) million, an increase of 34.1% on the same period the previous year. · Operating earnings (EBIT) totaled SEK 116 (-11) million, equating to an operating margin of 8.4% (-1.1). · Adjusted operating earnings totaled SEK 116 (72) million, equating to an adjusted operating margin of 8.4% (7.0). Operating earnings in the corresponding quarter of the previous year were burdened by approximately SEK -83 million, related to winding-up costs for

    Invitation to presentation of Bulten’s Q1 report 2023

    Bulten’s report for the first quarter 2023 will be published on Tuesday April 25, at 1:30 p.m. CEST.A live presentation for analysts, media and investors will be held the same day, at 3:30 p.m. CEST, where President and CEO Anders Nyström and CFO Anna Åkerblad will be commenting the result. The presentation will be held in English and include a Q&A session.Date: Tuesday, April 25.Time: The report will be published at 1:30 p.m. CEST and the webcasted telephone conference starts at 3:30 p.m. CEST.The report will be available on Bulten’s website: https://www.bulten.com/en/IR?

    Bulten’s Annual and Sustainability Report 2022

    Bulten's Annual and Sustainability Report 2022 has today been published on Bulten's website www.bulten.com.The printed Annual and Sustainability Report will be available during week 17 when it also will be distributed to the shareholders and other stakeholders who have requested a printed copy.   This information is information that Bulten AB (publ) is obliged to make public pursuant to the Securities Markets Act. The information was submitted for publication at 15:00 CEST on 3 April, 2023. For further information, please contact:Ulrika Hultgren, SVP Corporate Communications & IR,

    Notice to attend Annual General Meeting of Bulten AB (publ)

    The shareholders of Bulten AB (publ), org. no. 556668-2141, are called to the Annual General Meeting to be held on Tuesday, April 25, 2023 at 5 p.m. at restaurant Break (Hedin Bil AMG Performance Center Sisjön), Norra Långebergsgatan 2, 421 32 Västra Frölunda, Sweden.  Registration for the meeting will begin at 4.15 p.m. CET, when light refreshments will be served (coffee and cake).Right to participate and registration Shareholders who wish to participate must be entered in the register of shareholders maintained by Euroclear Sweden AB on Monday April 17, 2023 and have notified the

    BULTEN'S Q4 REPORT 2022

    Record sales and rapid changes Fourth quarter · Net sales amounted to SEK 1,339 (953) million, an increase of 40.5% on the same period the previous year. · Operating earnings (EBIT) totaled SEK 103 (48) million, equating to an operating margin of 7.6% (5.0). · Adjusted operating earnings totaled SEK 114 (48) million, equating to an adjusted operating margin of 8.5% (5.0). In December, Bulten decided to close its manufacturing plant in Pembroke, UK, in order to streamline the operation. Costs for the ongoing restructuring have burdened the 2022 figures by approximately SEK 10

    Invitation to presentation of Bulten’s Q4 report 2022

    Bulten’s report for the fourth quarter and the full year 2022 will be published on Thursday February 9, at 1:30 p.m. CET.A live presentation for analysts, media and investors will be held the same day, at 3:30 p.m.CET, where President and CEO Anders Nyström and CFO Anna Åkerblad will be commenting the result. The presentation will be held in English and include a Q&A session. Date: Thursday, February 9.Time: The report will be published at 1:30 p.m. CET, and the webcasted telephone conference starts at 3:30 p.m.CET. The report will be available here:https://www.bulten.com/en/IR?

    Bulten increases holding in TensionCam

    Bulten has acquired an additional 36.5% of the shares in TensionCam Systems AB at a purchase price of SEK 4 million. The acquisition makes Bulten the majority owner with 63.5% of the company’s shares.In 2020, Bulten acquired a minority holding in TensionCam, a Gothenburg-based company specialized in developing sensors measuring and monitoring clamp loads in screw joints. Since then, TensionCam has initiated several pilot projects with third parties in areas such as wind turbines, water and sewage, and process industry, in which the sensor technology has been integrated into complete screw

    Bulten streamlines its distribution chain

    As part of Bulten’s strategy to maintain a strong operational platform, the company has reviewed its global distribution chain. This has prompted a decision to close one of the two logistics centers in Sweden. The cost of the closure amounts to approximately SEK 1.5 million.Aiming to bring about more efficient logistics in order to reduce lead times, and streamline processes, while also reducing costs and environmental impact, Bulten has reviewed its global distribution chain. Utilizing capacity in the warehouses close to production units to a greater extent, enables a more efficient supply

    Bulten closes manufacturing plant in the UK

    In order to streamline the operation and improve profitability, Bulten has decided to close its manufacturing plant in Pembroke, UK. The closure means that 50 jobs are at risk of redundancy.The closing-down process will begin with immediate effect, and the plan is to complete the process during the second quarter of 2023. Total restructuring costs amount to approximately SEK 11 million, of which SEK 9 million are reserved for the current year. There will be additional investments totaling about SEK 12 million in connection with the closure. These primarily relate to relocation of equipment

    BULTEN'S Q3 REPORT 2022

    Increased net sales in a challenging environmentTHIRD QUARTER · Net sales amounted to SEK 1,095 (764) million, an increase of 43.3% on the same period last year. · Operating earnings (EBIT) totaled SEK 47 (31) million, equating to an operating margin of 4.3% (4.1). · Earnings after tax amounted to SEK 18 (16) million. · Order bookings amounted to SEK 1,033 (830) million, an increase of 24.4% on the same period last year. · Cash flow from operating activities totaled SEK -27 (-122) million. · Earnings per share were SEK 0.65 (0.68). · Bulten was nominated as a supplier

    Bulten’s sustainability work receives highest rating, a Platinum Medal, from EcoVadis

    Bulten has been awarded a Platinum Medal for its sustainability work by EcoVadis, an international provider of sustainability ratings.  The award places Bulten in the top one percent of all 75,000 companies assessed by EcoVadis.EcoVadis is one of the world’s largest and most trusted providers of business sustainability ratings, with a global network of over 75,000 companies. Its approach is based on international sustainability standards, including the Global Reporting Initiative, the UN Global Compact and ISO 26000. The EcoVadis assessment focuses on how well a company has integrated

    Bulten AB (publ):s Nomination Committee for 2023 AGM appointed

    The Bulten Annual General Meeting will be held in Gothenburg, Sweden on Tuesday 25 April 2023. Nomination committee members for the meeting have now been appointed.The nomination committee shall, according to the AGM’s decision, consist of four members, a representative for each of the three major shareholders as at the last banking day in September who wish to appoint a member to the nomination committee and the Chairman of the Board. The three major shareholders refer to those registered and ownership-grouped by Euroclear Sweden AB as at the last banking day in September. If any of the

    Invitation to presentation of Bulten’s Q3 report 2022

    Bulten’s interim report for the period January – September 2022 will be published on Thursday 27 October at 1:30 p.m. CEST.A live presentation for analysts, media and investors will be held the same day at 3:30 p.m. CEST where President and CEO Anders Nyström and CFO Anna Åkerblad will be commenting the result. The presentation will be held in English and include a Q&A session. Date: Thursday, October 27Time: The report will be published at 1:30 p.m. CEST and the webcasted telephone conference starts at 3:30 p.m. CEST. The report will be available here:https://www.bulten.com/en/IR?

    Bulten works with Polestar on development of climate-neutral electric car

    Bulten has begun a collaboration with Polestar on the development project Polestar 0, which aims to build a climate-neutral electric car by 2030.The Polestar 0 project was officially announced in 2021, and aims to create a climate-neutral electric car by the year 2030, by eliminating emissions in the supply chain. Bulten’s contribution will be the delivery of climate-neutral and highly functional fasteners. This can be achieved through a combination of energy-efficient materials and processes, as well as renewable energy supply throughout the value chain.  “We are truly honored to be

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