Bufab publishes Annual- and Sustainability Report for 2023
March 26, 2024 at 05:01 am EDT
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Bufab’s Annual- and Sustainability Report for 2023 is as of today available on the Group’s website www.bufabgroup.com.
The report presents Bufab’s performance and sustainability efforts during the year, as well as the updated strategy, with a focus on creating even more value for existing and new customers in their increasingly complex value chains.
“For the full-year of 2023, Bufab delivered its highest sales and operating profit to date. During the year, we worked purposefully on the implementation of our new strategy, with higher value creation for our customers, an improved customer and product mix, and more efficient management of our working capital yielding results. We also delivered our highest operating margin and strongest cash flow to date, demonstrating our resilience even in more challenging market conditions”, says Erik Lundén, President and CEO of Bufab.
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 
