Brief: Bulten Unlikely To Achieve Long-Term Margin Target In 2024 As Whole

Bulten AB

22/10/2024 12:34

Oct 22 (Reuters) - Bulten AB  BULTEN.ST :
    * LONG-TERM AMBITION TO HAVE OPERATING MARGIN OF 8% REMAINS, ALTHOUGH WILL BE DIFFICULT TO
ACHIEVE
FOR 2024 AS WHOLE
    * THERE HAS BEEN SLIGHT DECLINE IN DEMAND FOR FASTENERS FROM VEHICLE MANUFACTURERS IN ALL
MARKETS
DURING QUARTER
    * HAS BEGUN TO REDUCE WORKING HOURS IN COUPLE OF FACTORIES
    * WE ARE WORKING ON NUMBER OF MINOR STRUCTURAL ISSUES, INCLUDING REVIEW OF SOME OF OUR JOINT
VENTURES

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

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 7696600;))