Bufab AB Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
October 26, 2023 at 01:30 am EDT
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Bufab AB (publ) reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was SEK 2,071 million compared to SEK 2,122 million a year ago. Net income was SEK 98 million compared to SEK 177 million a year ago. Basic earnings per share from continuing operations was SEK 2.56 compared to SEK 4.71 a year ago. Diluted earnings per share from continuing operations was SEK 2.54 compared to SEK 4.64 a year ago.
For the nine months, sales was SEK 6,737 million compared to SEK 6,358 million a year ago. Net income was SEK 503 million compared to SEK 474 million a year ago. Basic earnings per share from continuing operations was SEK 13.3 compared to SEK 12.64 a year ago. Diluted earnings per share from continuing operations was SEK 13.17 compared to SEK 12.4 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 
