Bufab AB Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
July 13, 2023 at 01:30 am EDT
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Bufab AB (publ) reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was SEK 2,280 million compared to SEK 2,241 million a year ago. Net income was SEK 205 million compared to SEK 132 million a year ago. Basic earnings per share from continuing operations was SEK 5.41 compared to SEK 3.51 a year ago. Diluted earnings per share from continuing operations was SEK 5.37 compared to SEK 3.43 a year ago.
For the six months, sales was SEK 4,666 million compared to SEK 4,235 million a year ago. Net income was SEK 406 million compared to SEK 298 million a year ago. Basic earnings per share from continuing operations was SEK 10.74 compared to SEK 7.94 a year ago. Diluted earnings per share from continuing operations was SEK 10.62 compared to SEK 7.76 a year ago.
Bufab AB (publ) is a Sweden-based company engaged in the supply of fasteners and small parts to industrial segments, and provision of logistics and purchasing services. The Company purchases, develops, manufactures and distributes components such as C-parts, standard fasteners, magnets, magnet systems, and other standard and drawing-specific parts in metal, plastic, rubber, stainless steel, metal powder, wire and fabric. It serves a variety of industries, such as telecommunication, automotive, furniture, offshore, engineering, industrial construction, agriculture, aerospace and railway. The Company operates through subsidiaries in Sweden, Norway, Finland, France, Germany, China, Taiwan, Austria, Poland, the United Kingdom and the Netherlands, among others. Also, it operates Kian Soon Mechanical Components Pte Ltd in Singapore.
BUFAB AB 
