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Bulten AB (BULTEN.ST)

BULTEN.ST on Stockholm Stock Exchange

112.80SEK
21 Jun 2018
Change (% chg)

5.00kr (+4.64%)
Prev Close
107.80kr
Open
108.00kr
Day's High
112.80kr
Day's Low
106.40kr
Volume
58,752
Avg. Vol
33,900
52-wk High
130.50kr
52-wk Low
100.60kr

Latest Key Developments (Source: Significant Developments)

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

Bulten says wins Russian automotive order
Friday, 19 Aug 2016 

Bulten AB : Says signs additional contract with major Russian automotive manufacturer through its joint venture in Russia . Says annual order value is of approximately EUR 700 thousand . Says deliveries will continue over a number of years, with start and ramp up during 2017 . Says deliveries are expected to start in q2 2017 to gradually increase up to full capacity in 2018 For the original story click here: http://mb.cision.com/Main/405/2061706/551070.pdf Further company coverage: [BULTEN.ST] (Stockholm Newsroom) ((stockholm.newsroom@thomsonreuters.com; +46 (0)8-700 10 10;)).  Full Article

Bulten Q2 EBIT rises, sales fall on China and heavy vehicle deliveries
Wednesday, 13 Jul 2016 

Bulten AB : Q2 net sales SEK 686 million (696), down -1.4 percent on same period last year . Says deliveries to carmakers with European exposure remained good and were above the level of market growth. Deliveries to China and to heavy vehicle manufacturers were at a lower rate. In total therefore, net sales were marginally lower than previous year . Q2 operating earnings (EBIT) SEK 54 million (45) . Says ahead of us we still see that 2016 will be a year of growth in line with expectations on european vehicle production For the original story click here: http://mb.cision.com/Main/405/2044938/539670.pdf Further company coverage: [BULTEN.ST] (Stockholm Newsroom) ((stockholm.newsroom@thomsonreuters.com; +46 (0)8-700 10 10;)).  Full Article

BRIEF-Bulten Q1 operating profit rises, margin drops

* Q1 NET SALES AMOUNTED TO SEK 853 (778) MILLION, AN INCREASE OF 9.6% ON SAME PERIOD LAST YEAR.