Brief: Bulten: Restructuring In Germany, Lower Production Rate Affect Q3

Bulten AB

01/10/2019 08:33

Oct 1 (Reuters) - Bulten AB  BULTEN.ST :
    * BULTEN EARNINGS FOR THE THIRD QUARTER WERE NEGATIVELY
AFFECTED
BY RESTRUCTURING IN GERMANY AND LOWER PRODUCTION RATE
    * SAYS RESTRUCTURING IS EXPECTED TO GENERATE AN ANNUAL
SAVING OF
APPROXIMATELY SEK 25 MILLION FROM CALENDAR YEAR 2020
    * SAYS COSTS FOR RESTRUCTURING ARE EXPECTED TO AMOUNT TO
APPROXIMATELY SEK 20 MILLION, WHICH WILL BE CHARGED TO Q3 OF
2019.
    * SAYS ADJUSTMENTS TO DEMAND IN PURCHASING AND PRODUCTION
CAPACITY
ARE ONGOING.
    * WEAKER DEMAND IN AUTOMOTIVE MARKETS CAN AFFECT RATE OF
PRODUCTION EVEN IN Q4.

Source text for Eikon:  ID:nWkrj2l2L 
Further company coverage:  BULTEN.ST 

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