Brief: Bulten Q3 EBIT edges higher, order intake falls

Bulten AB

25/10/2016 12:30

Oct 25 (Reuters) - Bulten AB  BULTEN.ST  
    * Q3 order bookings amounted to SEK 602 million, a decrease 
of -7.7 pct on same period last year 
    * Q3 net sales reached SEK 601 million, down -2.7 pct on 
same period last year 
    * Q3 operating earnings (EBIT) were SEK 39 million vs 
year-ago 36 mln 
    * Says "we still expect 2016 to be a year of growth in line 
with expectations for European vehicle production with exception 
of export volumes, which are expected to be weaker" 
    * Says "rate of sales was slightly weak, mainly at start of 
quarter, but recovered during September" 
    * Says "Volume development and order bookings deteriorated 
slightly due to model shifts by our customers, lower export 
volumes to China and to heavy vehicle production, and to some 
effects of Brexit" 
    * Says Bulten's prospects for gaining further market share 
are very good from the second half of 2017, based on signed 
contracts and also on ongoing discussions with customers 
 
Source text for Eikon:  urn:newsml:reuters.com:*:nNDL7X01Jf 
Further company coverage:  BULTEN.ST  
 
 ((niklas.pollard@thomsonreuters.com;))