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BULTEN Bulten AB News Story

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Sweden's Bulten Q4 sales fall 15.7%

Overview

Swedish fastener manufacturer's Q4 net sales fell 15.7% yr/yr but beat expectations

Adjusted EBIT for Q4 improved despite restructuring costs

Company faced challenges from cyberattack on major customer, saw recovery in Q4

Outlook

Company sees recovery in volumes towards normal levels after cyberattack impact

Bulten focuses on selected customer relationships and value-added offerings

Result Drivers

CYBERATTACK IMPACT - Co faced pressure on volumes and margins due to a cyberattack on a major customer but saw recovery towards the end of Q4

RESTRUCTURING COSTS - Restructuring costs negatively impacted operating earnings by SEK 7 mln

STRATEGIC PROGRESS - Co made commercial progress with focus on selected customer relationships and value-added offerings

Key Details

MetricBeat/MissActualConsensus Estimate
Q4 SalesBeatSEK 1.24 blnSEK 1.12 bln (1 Analyst)
Q4 EPS-SEK 0.26
Q4 Net IncomeSEK 5 mln
Q4 EBITBeatSEK 30 mlnSEK 20 mln (1 Analyst)
Q4 EBIT Margin2.40%
Q4 OrdersSEK 1.50 bln
Analyst Coverage The one available analyst rating on the shares is "strong buy" The average consensus recommendation for the auto, truck & motorcycle parts peer group is "buy." Wall Street's median 12-month price target for Bulten AB is SEK60.00, about 20.5% above its February 2 closing price of SEK49.80 The stock recently traded at 7 times the next 12-month earnings vs. a P/E of 8 three months ago Press Release: ID:nMFN8GYnvD For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com. (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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