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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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    Press release from Extraordinary General Meeting of FinnvedenBulten AB (publ), under name change to Bulten AB (publ), 19 August 2014

    FinnvedenBulten AB (publ) held an Extraordinary General Meeting on Tuesday 19 August 2014, and decided to change company name and the Articles of Association.Decision to change company name and adopt new Articles of AssociationThe General Meeting decided to change the name of the company and change the Articles of Association in accordance with the Board's proposal for resolution, implying that the company name is changed from FinnvedenBulten AB to Bulten AB by amending the company's articles of association § 1. The change is brought about by the Group, since division Finnveden Metal

    FinnvedenBulten’s Q2 report 2014

    Successful start-up of new FSP contracts; divestment of Finnveden Metal Structures concluded.SECOND QUARTER – CONTINUING OPERATIONS · Net sales reached SEK 618 million (479), up 29.0% on the same period last year. · Earnings (EBIT) were SEK 37 million (39), which correspond to an operating margin of 6.0% (8.2). · Profit after tax was SEK 26 million (53) and SEK 26 million (26) when adjusted for non-recurring items during last year relating to a tax receivable for deduction of interest in accordance with the verdict of the Administrative Court of Appeal. · Order bookings

    Notice to attend extraordinary general meeting of FinnvedenBulten AB (publ)

    The shareholders of FinnvedenBulten AB (publ), reg. no. 556668-2141, are invited to extraordinary meeting on Tuesday August 19, 2014 at 10.00 at the company’s head office, August Barks gata 6B in Västra Frölunda. Registration for the meeting will commence at 09:30. Right to participate and registrationShareholders who wish to participate must be entered in the register of shareholders maintained by Euroclear Sweden AB on Wednesday August 13, 2014 and notify the Company by no later than Wednesday August 13, 2014. Shareholders may register to participate in the general meeting

    New President and CEO and new executive management in FinnvedenBulten

    FinnvedenBulten focuses entirely on fasteners and a new Group Executive Management team, well established and with long experience from the fasteners- and automotive industry has been formed. The new President and CEO and the new executive management team take up their positions on July 1, 2014 and will concentrate fully on the growing international fasteners business. The intention is also to change the name FinnvedenBulten to Bulten which means that an Extraordinary General Meeting in the parent company is required.In connection with the closing of the sale of division Finnveden Metal

    FinnvedenBulten’s divestment of Finnveden Metal Structures completed

    FinnvedenBulten AB (publ) has completed the divestment of its Finnveden Metal Structures (FMS) division to Shiloh Industries Inc. The purchase price for all the shares in FMS amounted to SEK 372 million and was paid in cash today on the closing date. The price corresponds to a purchase price of SEK 490 million on a debt-free basis.In February 2014 FinnvedenBulten announced that it was evaluating a split of the Group with the aim of enhancing the business focus and establishing the value in each of the Group’s divisions. The Board and management team judged that a split would improve the

    Invitation to conference call regarding FinnvedenBulten’s Q2 report 2014

    FinnvedenBulten’s Q2 report for the period January – June 2014 will be published on Friday 11 July 2014, at approximately 08:30 CET.Investors, analysts and media are invited to participate in the teleconference on July 11 at 11:00 CET. To participate, please call 5 minutes before the opening of the conference call to Sweden +46 8 506 443 86, UK +44 207 153 9154, US +1 877 423 0830. Code: 348020#. Copies of the presentation will be available at www.finnvedenbulten.com at approximately 30 minutes before start. A replay of the telephone conference is available until July 25, 2014 on the

    FinnvedenBulten focuses entirely on fasteners for the automotive industry and divests Finnveden Metal Structures to American Shiloh

    FinnvedenBulten AB (publ) has signed an agreement with Shiloh Industries Inc., a US supplier to the automotive industry and general industries, concerning the sale of the Finnveden Metal Structures (FMS) division. The purchase price for all shares in FMS amounts to SEK 372 million and will be paid in cash on the planned closing date on 30 June 2014. The price corresponds to a purchase price of SEK 490 million on a debt free basis.   In connection with the implementation of the takeover, Tommy Andersson, presently President of Bulten AB, will become President and CEO of FinnvedenBulten AB.

    Press release from the Annual General Meeting of FinnvedenBulten AB (publ) April 29, 2014

    FinnvedenBulten AB (publ) has held its Annual General Meeting on April 29, 2014. Below is a summary of the decisions made at the meeting.Adoption of the income statement and balance sheet, and discharge from liabilityThe AGM adopted the income statement and the balance sheet, and the consolidated income statement and the consolidated balance sheet for 2013. The AGM granted the Board of Directors and President discharge from liability for the 2013 financial year. Resolution regarding allocation of the Company’s earningsIn accordance with the Board of Directors’ proposal, the AGM

    FinnvedenBulten’s Q1 report 2014

    Press release, Gothenburg, 29 April 2014 Strong organic growth and substantially improved earnings. Restructuring of the foundry operation completedFIRST QUARTER · Net sales reached SEK 906 million (708), up 28.1% on the same period last year. · Earnings (EBIT) adjusted for non-recurring items were SEK 46 million (19), which corresponds to an adjusted operating margin of 5.1% (2.7). · Earnings (EBIT) reached SEK 63 million (19), which corresponds to an operating margin of 7.0% (2.7). · Profit after tax was SEK 44 million (6) and SEK 30 million (6) when adjusted for non-

    Invitation to conference call regarding FinnvedenBulten’s Q1 report 2014

    Press release Gothenburg, 7 April 2014 | FinnvedenBulten’s Q1 report for the period January – March 2014 will be published on Tuesday 29 April 2014, at approximately 13:30 CET.Investors, analysts and media are invited to participate in the teleconference on April 29 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 President Tommy Andersson and CFO Helena Wennerström. To participate, please call 5 minutes before the opening of the conference call toSweden +46 8 506 443 86, UK

    FinnvedenBulten’s Annual Report for 2013 released

    Press release, Gothenburg 7 April, 2014The Swedish language version of FinnvedenBulten’s Annual Report for the 2013 financial year is today published on the company’s website www.finnvedenbulten.com. The English web version is expected to be available in the end of the week and the printed (Swedish and English) version will be ready during the week commencing with 21 April. The Swedish Annual Report 2013 is enclosed to this press release. For further information, please contact:Kamilla Oresvärd, Vice President Corporate CommunicationsTel: + 46 (0)31-734 59 00, e-mail: media@

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

    PRESS RELEASE 26 MARCH, 2014The shareholders of FinnvedenBulten AB (publ), reg. no. 556668-2141, are invited to the Annual General Meeting on Tuesday April 29, 2014 at 17.00 at the Swedish Exhibition & Congress Centre (Sw. Svenska Mässan), Room R2, at Mässans Gata 20, Gothenburg, Sweden. Registration for the meeting will commence at 16.00. Light refreshments will be served before the meeting. Right to participate and registrationShareholders who wish to participate must be entered in the register of shareholders maintained by Euroclear Sweden AB on Wednesday April 23, 2014 and

    FinnvedenBulten’s Full Year Report 2013

    Good finish to 2013, strong order bookings and unchanged dividendFOURTH QUARTER · Net sales reached SEK 823 million (677), up 21.6% on the same period last year. · Earnings (EBIT) adjusted for non-recurring items were SEK 45 million (11), which corresponds to an adjusted operating margin of 5.4% (1.7). · Earnings (EBIT) reached SEK 41 million (11), which corresponds to an operating margin of 4.9% (1.7). · Earnings after tax was SEK 29 million (-15) and SEK 32 million (4) when adjusted for non-recurring costs for the restructuring programme and in 2012 due to changed tax rate

    FinnvedenBulten divests its Swedish aluminium business, increased focus on magnesium

    PRESS RELEASE, GOTHENBURG 5 FEBRUARY 2014 | FinnvedenBulten has, as part of the ongoing restructuring of the foundry business in the Finnveden Metal Structures division, signed an agreement to sell the division’s Swedish aluminium business in Finnveden Gjutal AB. The buyer is International Aluminium Casting Sweden AB, which operates with aluminium die-casting in Sweden and Estonia.“Our strategy within Finnveden Metal Structures is to offer a unique combination of sheet metal stamping and magnesium die-casting to meet the need for weight reduction in the automotive industry. The sale of the

    Invitation to conference call regarding FinnvedenBulten’s Full year report 2013

    PRESS RELEASE, GOTHENBURG 20 JANUARY 2014 | FinnvedenBulten’s Full year report for the period January – December 2013 will be published on Thursday 6 February 2014, at approximately 13:30 CET.Investors, analysts and media are invited to participate in the teleconference on Thursday, February 6 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 President Tommy Andersson and CFO Helena Wennerström. To participate, please call 5 minutes before the opening of the conference call to

    FinnvedenBulten signs strategically important contract with automotive manufacturer in China

    PRESS RELEASE, GOTHENBURG 2 DECEMBER 2013 | FinnvedenBulten’s division Bulten has signed a strategically important contract for delivery of fasteners to an automotive manufacturer in China and will thereby strengthen its presence on the Chinese market. The annual order value is approximately SEK 10 million and continues over a number of years.“Bulten has for a number of years back a fully owned factory in China with local manufacturing of high quality fasteners. An important part of our strategy for organic growth is to expand on growth markets and the fact that we have signed a new

    FinnvedenBulten wins new business of an annual value of approximately SEK 240 million

    PRESS RELEASE, GOTHENBURG 19 NOVEMBER 2013 | FinnvedenBulten continues to grow and has won several deals corresponding to approximately SEK 240 million annually. These, together with the previously announced deal from September 11, 2013 of approximately SEK 270 million (30 MEUR) along with Bulten’s planned production start in Russia, are expected to generate a substantial organic growth for FinnvedenBulten.“We are delighted that we have been able to sign several contracts during the year and by that further strengthen FinnvedenBulten’s position. Furthermore, there are good opportunities to

    The Supreme Administrative Court decides to abide by the Administrative Court of Appeal’s ruling on tax case in favour of FinnvedenBulten

    The Supreme Administrative Court has decided not to grant leave to appeal concerning ruling in the Administrative Court of Appeal on April 11, 2013 regarding repealing of the Swedish tax authority Skatteverket’s (“Skatteverket”) review decision of FinnvedenBulten AB (publ) ("FinnvedenBulten") tax loss carryforwards.Skatteverket has previously, through review decision, declined FinnvedenBulten carryforwards by partially disallowed the deduction of interest on shareholder loans. FinnvedenBulten has maintained its former position with the support of leading tax experts and appealed to the

    FinnvedenBulten’s Q3 Report 2013

    Good growth and improvement in profit margin. Significant business secured for the Bulten divisionTHIRD QUARTER · Net sales reached SEK 714 million (649), up 10.0% on the same period last year. · Earnings (EBIT) adjusted for non-recurring items were SEK 29 million (11), which corresponds to an adjusted operating margin of 4.0% (1.8). · Earnings (EBIT) reached SEK 24 million (11), which corresponds to an operating margin of 3.4% (1.8). · Profit after tax was SEK 14 million (3) and SEK 18 million (3) when adjusted for non-recurring items for restructuring measures. · Order

    FinnvedenBulten’s Nomination Committee for 2014 AGM appointed

    The FinnvedenBulten Annual General Meeting will be held in Gothenburg, Sweden on Tuesday 29 April 2014. 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. The

    Invitation to conference call regarding FinnvedenBulten’s Q3 report 2013

    FinnvedenBulten’s Q3 report for the period January – September 2013 will be published on Thursday 24 October 2013, at approximately 13:30 CET.Investors, analysts and media are invited to participate in the teleconference on Thursday, October 24 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 President Tommy Andersson and CFO Helena Wennerström. To participate, please call 5 minutes before the opening of the conference call to Sweden +46 8 506 443 86, UK +44 207 153 9154, US +1

    FinnvedenBulten awarded major FSP contract with an annual value of approximately EUR 35 million

    FinnvedenBulten, and its division Bulten, has been awarded an FSP (Full Service Provider) contract for supply of fasteners to a major automotive manufacturer. The annual order value is of approximately EUR 35 million, of which EUR 30 million is additional business, and provides a strong relationship for the years ahead.“With this contract, Bulten significantly strengthens its relationship with a global customer. We are delighted and honoured to be awarded the contract and look forward to begin the collaboration,” says Tommy Andersson, CEO of Bulten. The technical competences within the

    FinnvedenBulten’s Half Year Report 2013

    Strong Q2 result and good cash flow. Major restructuring initiated in foundry businessSECOND QUARTER · Net sales reached SEK 814 million (830), down 1.9% on the same period last year. · Earnings (EBIT) adjusted for non-recurring items were SEK 51 million (40), which corresponds to an adjusted operating margin of 6.3% (4.8). · Earnings (EBIT) reached SEK 21 million (40), which corresponds to an operating margin of 2.6% (4.8). · Profit after tax was SEK 39 million (25) and SEK 36 million (25) adjusted for non-recurring items of SEK 3 million net resulting from tax revenue from

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