Brief: Bulten's Q2 Earnings Negatively Affected By About SEK 25 Mln

Bulten AB

04/07/2019 08:13

July 4 (Reuters) - Bulten AB  BULTEN.ST :
    * BULTEN'S EARNINGS FOR THE SECOND QUARTER NEGATIVELY
AFFECTED BY
APPROXIMATELY SEK 25 MILLION DUE TO LOWER PRODUCTION RATE TO
ADJUST INVENTORY LEVELS
    * THIS IS A CONSEQUENCE OF DECLINING DEMAND, ESPECIALLY
DURING
LATTER PART OF QUARTER
    * IS EXPECTED TO AFFECT EARNINGS FOR Q2 BY APPROXIMATELY SEK
25
MILLION
    * DURING Q2, DECLINE IN LIGHT VEHICLE MARKET, WHICH BEGAN IN
LAST
SIX MONTHS OF 2018, CONTINUED, AND MARKET SITUATION WAS
REFLECTED IN BULTEN'S VOLUMES
    * EARNINGS HAVE BEEN NEGATIVELY AFFECTED BY LOWER VOLUMES,
BUT
ALSO BY A LOWER PRODUCTION RATE IN ORDER TO BALANCE INVENTORY
LEVELS AGAINST DEMAND
    * PRODUCTION RATE WILL CONTINUE TO BE LOWER AT BEGINNING OF
Q3,
BUT NOT TO SAME EXTENT AS DURING Q2

Source text for Eikon:  ID:nWkr1KxSFd 
Further company coverage:  BULTEN.ST 

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