Bulten AB Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
July 12, 2023 at 02:00 am EDT
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Bulten 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 1,416 million compared to SEK 1,006 million a year ago. Net income was SEK 38 million compared to SEK 18 million a year ago. Basic earnings per share from continuing operations was SEK 1.82 compared to SEK 0.88 a year ago. Diluted earnings per share from continuing operations was SEK 1.82 compared to SEK 0.88 a year ago.
For the six months, sales was SEK 2,803 million compared to SEK 2,040 million a year ago. Net income was SEK 113 million compared to net loss of SEK 22 million a year ago. Basic earnings per share from continuing operations was SEK 5.38 compared to basic loss per share from continuing operations of SEK 1.02 a year ago. Diluted earnings per share from continuing operations was SEK 5.38 compared to diluted loss per share from continuing operations of SEK 1.02 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 
