Bulten AB Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
October 27, 2022 at 07:30 am EDT
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Bulten AB (publ) reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was SEK 1,095 million compared to SEK 764 million a year ago. Net income was SEK 14 million compared to SEK 14 million a year ago. Basic earnings per share from continuing operations was SEK 0.65 compared to SEK 0.68 a year ago. Diluted earnings per share from continuing operations was SEK 0.65 compared to SEK 0.68 a year ago.
For the nine months, sales was SEK 3,135 million compared to SEK 2,777 million a year ago. Net loss was SEK 8 million compared to net income of SEK 119 million a year ago. Basic loss per share from continuing operations was SEK 0.37 compared to basic earnings per share from continuing operations of SEK 5.69 a year ago. Diluted loss per share from continuing operations was SEK 0.37 compared to diluted earnings per share from continuing operations of SEK 5.69 a year ago.
Bulten AB, formerly FinnvedenBulten AB, is a Sweden-based company engaged in the provision of products, technical solutions and systems in metallic materials, primarily to the automotive industry. On June 30, 2014, the Company completed the divestment of its Finnveden Metal Structures (FMS) division to Shiloh Industries Inc. Its other business area, Bulten, offers fasteners to the European automotive market. It develops, manufactures and markets a range of metallic fasteners and related services. Its production processes include stamping, die casting and joining.
BULTEN AB 
