Brief: Bulten Q3 EBIT Falls To SEK 31 Million

Bulten AB

28/10/2021 12:32

Oct 28 (Reuters) - Bulten AB  BULTEN.ST :
    * BULTEN'S Q3 REPORT 2021
    * Q3 NET SALES AMOUNTED TO SEK 764 (853) MILLION, A DECREASE
OF
-10.5% ON SAME PERIOD LAST YEAR.
    * Q3 OPERATING EARNINGS (EBIT) TOTALED SEK 31 (40) MILLION,
EQUATING TO AN OPERATING MARGIN OF 4.1% (4.7).
    * Q3 EARNINGS AFTER TAX AMOUNTED TO SEK 16 (17) MILLION.
    * Q3 ORDER BOOKINGS AMOUNTED TO SEK 830 (1,322) MILLION, A
DECREASE OF -37.2% ON SAME PERIOD LAST YEAR.
    * SHORTAGE OF SEMICONDUCTORS THAT HAS BEEN IMPACTING GLOBAL
AUTOMOTIVE INDUSTRY SINCE Q2 2021 WAS AN EVEN GREATER OBSTACLE
DURING Q3
    * NEGATIVE IMPACT OF SEMICONDUCTOR SHORTAGE ON BULTEN'S
SALES IS
ESTIMATED AT 25-30% DURING Q3
    * SHORTAGE OF SEMICONDUCTORS, ALONG WITH PRICE RISES FOR
STEEL,
ARE EXTERNAL MACROECONOMIC AND PARTLY GEOPOLITICAL FACTORS THAT
ARE EXPECTED TO CONTINUE AFFECTING BULTEN'S SALES AND MARGINS
NEGATIVELY FOR REST OF 2021.
    * FROM A LONGER-TERM PERSPECTIVE, BULTEN'S GROWTH AND
EARNING
CAPACITY IS VERY GOOD

Source text for Eikon:  ID:nWkr3Xfp5D 
Further company coverage:  BULTEN.ST 

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