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Bulten AB (BULTEN.ST)

BULTEN.ST on Stockholm Stock Exchange

95.30SEK
11 Dec 2018
Change (% chg)

1.90kr (+2.03%)
Prev Close
93.40kr
Open
93.80kr
Day's High
96.70kr
Day's Low
93.80kr
Volume
13,359
Avg. Vol
41,761
52-wk High
124.75kr
52-wk Low
86.10kr

Latest Key Developments (Source: Significant Developments)

Bulten Awarded Further Electric Vehicle Drive Technologies FSP Contract
Friday, 23 Nov 2018 

Nov 23 (Reuters) - Bulten AB ::BULTEN AWARDED FURTHER ELECTRIC VEHICLE DRIVE TECHNOLOGIES FSP CONTRACT.CONTRACT IS INITIALLY VALUED AT EUR 5 MILLION PER ANNUM AND THEN FOLLOWS VEHICLES VOLUME CURVE.CONTRACT WILL LAUNCH IN 2020 EXTENDING FOR A PERIOD OF 5 YEARS.DELIVERIES ARE EXPECTED TO START SEPTEMBER 2020.BULTEN - DELIVERIES ARE EXPECTED TO START SEPTEMBER 2020 TO GRADUALLY INCREASE UP TO FULL CAPACITY IN 2021 AND CONTINUE FOR A PERIOD OF 5 YEARS.  Full Article

Bulten Q3 EBIT rose, order bookings up 4.7 pct
Thursday, 25 Oct 2018 

Oct 25 (Reuters) - Bulten AB ::Q3 NET SALES AMOUNTED TO SEK 722 (630) MILLION, AN INCREASE OF 14.5% ON SAME PERIOD LAST YEAR..Q3 OPERATING EARNINGS (EBIT) TOTALED SEK 38 (35) MILLION, EQUATING TO AN OPERATING MARGIN OF 5.2% (5.5)..Q3 ORDER BOOKINGS AMOUNTED TO SEK 723 (691) MILLION, AN INCREASE OF 4.7% ON SAME PERIOD LAST YEAR..SAYS DEMAND FOR HYBRIDS AND ELECTRIC CARS IS INCREASING, A FAVORABLE DEVELOPMENT FOR BULTEN SINCE THE VALUE OF FASTENERS IS CURRENTLY FAR HIGHER IN THESE VEHICLES COMPARED TO ONES WITH CONVENTIONAL COMBUSTION ENGINES.  Full Article

Bulten operating earnings fall in Q3
Thursday, 26 Oct 2017 

Oct 26 (Reuters) - Bulten AB :Q3 ‍net sales reached SEK 630 million, an increase of 5.0 pct on same period last year​.Q3 ‍operating earnings (EBIT) were SEK 35 million vs yr-ago 39 million, which corresponds to an operating margin of 5.5 pct vs yr-ago 6.5 pct​.Q3 ‍order bookings amounted to SEK 691 million, an increase of 14.7 pct.Says growth and profitability were hampered by slightly lower volumes due to customers’ model changes.Says the profitability has also been negatively impacted by higher global market prices for steel and other metals, as well as currency effects.Says underlying profitability is good considering this was the third quarter, which has fewer production days.​.  Full Article

Bulten says to bring in new CEO in 2019 at latest
Thursday, 26 Oct 2017 

Oct 26 (Reuters) - Bulten AB :Bulten is preparing to change CEO by 2019 at the latest due to his retirement.Says CEO Tommy Andersson will remain in his post until further notice, although at the latest by the time of the 2019 Annual General Meeting.Says board will now start a recruitment process to find a successor.  Full Article