Bergman & Beving AB Reports Earnings Results for the Second Quarter and Six Months Ended September 30, 2023
October 19, 2023 at 01:45 am EDT
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Bergman & Beving AB (publ) reported earnings results for the second quarter and six months ended September 30, 2023. For the second quarter, the company reported sales was SEK 1,094 million compared to SEK 1,073 million a year ago. Revenue was SEK 1,097 million compared to SEK 1,077 million a year ago. Net income was SEK 48 million compared to SEK 48 million a year ago. Basic earnings per share from continuing operations was SEK 1.8 compared to SEK 1.8 a year ago. Diluted earnings per share from continuing operations was SEK 1.8 compared to SEK 1.8 a year ago.
For the six months, sales was SEK 2,322 million compared to SEK 2,273 million a year ago. Revenue was SEK 2,331 million compared to SEK 2,280 million a year ago. Net income was SEK 93 million compared to SEK 102 million a year ago. Basic earnings per share from continuing operations was SEK 3.5 compared to SEK 3.85 a year ago. Diluted earnings per share from continuing operations was SEK 3.45 compared to SEK 3.85 a year ago.
Bergman & Beving AB, formerly B&B Tools AB, is a Sweden-based supplier of industrial consumables, industrial components and related services for the industrial and construction sectors in the Nordic region. The Companyâs activities are divided into five business areas, namely: Tools and Machinery, Personal Protective Equipment, Fastening Elements, Industrial and Construction Consumables and Workplace Equipment. Its range of products includes hand tools, metal and woodworking machinery, cutting tools, compressed air technology, personal protective equipment, work clothes, first aid equipment, fastening elements, screws, adhesives, kitchen fixtures, electrical devices and lighting, workplace equipment, environmental assurance and lifting devices, among others. The Companyâs customers comprise mainly of companies operational within the industrial and construction sectors.