New Risk • Jul 13
New major risk - Revenue and earnings growth Earnings have declined by 23% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.4x net interest cover). Earnings have declined by 23% per year over the past 5 years. Reported Earnings • Jul 12
Second quarter 2026 earnings released: EPS: kr1.53 (vs kr0.67 in 2Q 2025) Second quarter 2026 results: EPS: kr1.53 (up from kr0.67 in 2Q 2025). Revenue: kr779.0m (down 43% from 2Q 2025). Net income: kr32.0m (up 129% from 2Q 2025). Profit margin: 4.1% (up from 1.0% in 2Q 2025). The increase in margin was driven by lower expenses. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 1.9% growth forecast for the Auto Components industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 50 percentage points per year, which is a significant difference in performance. Board Change • Jun 25
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Director Jonas Halvord was the last director to join the board, commencing their role in 2026. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. New Risk • Jun 17
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: €86.3m (US$99.2m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Minor Risks Profit margins are more than 30% lower than last year (0.2% net profit margin). Market cap is less than US$100m (€86.3m market cap, or US$99.2m). Aankondiging • Oct 21
Bulten AB (publ), Annual General Meeting, Apr 23, 2026 Bulten AB (publ), Annual General Meeting, Apr 23, 2026. Aankondiging • Jan 30
Bulten AB (publ) to Report Q1, 2025 Results on Apr 28, 2025 Bulten AB (publ) announced that they will report Q1, 2025 results at 1:30 PM, Central European Standard Time on Apr 28, 2025 Reported Earnings • Oct 24
Third quarter 2024 earnings released: EPS: kr1.57 (vs kr1.48 loss in 3Q 2023) Third quarter 2024 results: EPS: kr1.57 (up from kr1.48 loss in 3Q 2023). Revenue: kr1.38b (flat on 3Q 2023). Net income: kr33.0m (up kr64.0m from 3Q 2023). Profit margin: 2.4% (up from net loss in 3Q 2023). Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Aankondiging • Oct 18
Bulten AB (publ), Annual General Meeting, Apr 28, 2025 Bulten AB (publ), Annual General Meeting, Apr 28, 2025. Reported Earnings • Jul 11
Second quarter 2024 earnings released: EPS: kr1.62 (vs kr1.81 in 2Q 2023) Second quarter 2024 results: EPS: kr1.62 (down from kr1.81 in 2Q 2023). Revenue: kr1.47b (up 3.5% from 2Q 2023). Net income: kr34.0m (down 11% from 2Q 2023). Profit margin: 2.3% (down from 2.7% in 2Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 6% per year whereas the company’s share price has fallen by 8% per year. Reported Earnings • Apr 28
First quarter 2024 earnings released: EPS: kr3.24 (vs kr3.57 in 1Q 2023) First quarter 2024 results: EPS: kr3.24 (down from kr3.57 in 1Q 2023). Revenue: kr1.53b (up 11% from 1Q 2023). Net income: kr68.0m (down 9.3% from 1Q 2023). Profit margin: 4.4% (down from 5.4% in 1Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has fallen by 13% per year, which means it is performing significantly worse than earnings. Buy Or Sell Opportunity • Apr 25
Now 25% overvalued after recent price rise Over the last 90 days, the stock has risen 1.1% to €6.68. The fair value is estimated to be €5.36, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 18% over the last 3 years. Earnings per share has grown by 5.0%. Upcoming Dividend • Apr 19
Upcoming dividend of kr2.50 per share Eligible shareholders must have bought the stock before 26 April 2024. Payment date: 03 May 2024. Payout ratio is a comfortable 51% and this is well supported by cash flows. Trailing yield: 3.5%. Lower than top quartile of German dividend payers (4.8%). Higher than average of industry peers (3.0%). Reported Earnings • Apr 05
Full year 2023 earnings released: EPS: kr4.91 (vs kr2.62 in FY 2022) Full year 2023 results: EPS: kr4.91 (up from kr2.62 in FY 2022). Revenue: kr5.76b (up 29% from FY 2022). Net income: kr103.0m (up 87% from FY 2022). Profit margin: 1.8% (up from 1.2% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.6% p.a. on average during the next 2 years, compared to a 5.0% growth forecast for the Auto Components industry in Germany. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings. Declared Dividend • Apr 03
Dividend of kr2.50 announced Shareholders will receive a dividend of kr2.50. Ex-date: 26th April 2024 Payment date: 3rd May 2024 Dividend yield will be 40%, which is higher than the industry average of 2.3%. Sustainability & Growth Dividend is covered by both earnings (51% earnings payout ratio) and cash flows (26% cash payout ratio). The dividend has increased by an average of 2.3% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 103% over the next 2 years, which should provide support to the dividend and adequate earnings cover. Buy Or Sell Opportunity • Mar 27
Now 23% overvalued Over the last 90 days, the stock has fallen 10% to €6.38. The fair value is estimated to be €5.20, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 18% over the last 3 years. Earnings per share has grown by 5.0%. Revenue is forecast to grow by 9.5% in 2 years. Earnings are forecast to grow by 179% in the next 2 years. Aankondiging • Mar 23
Bulten AB Proposes Dividend, Payable on May 3, 2024 Bulten AB at its Annual General Meeting to be held on April 25, 2024, proposed the profit of SEK 852,901,191 at the disposal of the AGM be allocated so that a total amount of SEK 52,469,980, equivalent to SEK 2.50 per share entitled to dividends, be distributed to the shareholders and that SEK 800,431,211 be carried forward to new accounts. The Board proposed that April 29, 2024 be the record day. If the AGM resolves in accordance with the proposal, the dividend is expected to be paid via Euroclear Sweden AB on May 3, 2024. Buy Or Sell Opportunity • Feb 22
Now 23% overvalued after recent price rise Over the last 90 days, the stock has risen 15% to €6.50. The fair value is estimated to be €5.30, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 18% over the last 3 years. Earnings per share has grown by 5.0%. Revenue is forecast to grow by 9.5% in 2 years. Earnings are forecast to grow by 179% in the next 2 years. Buy Or Sell Opportunity • Feb 21
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 12% to €6.32. The fair value is estimated to be €5.23, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 18% over the last 3 years. Earnings per share has grown by 5.0%. Revenue is forecast to grow by 9.5% in 2 years. Earnings are forecast to grow by 179% in the next 2 years. Reported Earnings • Feb 11
Full year 2023 earnings released: EPS: kr4.91 (vs kr2.62 in FY 2022) Full year 2023 results: EPS: kr4.91 (up from kr2.62 in FY 2022). Revenue: kr5.76b (up 29% from FY 2022). Net income: kr103.0m (up 87% from FY 2022). Profit margin: 1.8% (up from 1.2% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.6% p.a. on average during the next 2 years, compared to a 4.8% growth forecast for the Auto Components industry in Germany. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 16% per year, which means it is significantly lagging earnings. Aankondiging • Jan 31
Bulten AB (Publ) Makes Changes to Its Executive Management In order to achieve its strategic ambitions in the markets where Bulten operates and further increase the company's innovative power, changes are being made to Bulten's Executive Management Team. The new organization will better support the company's objectives, and its vision to create and deliver the most innovative and sustainable fastener solutions. The following people have been appointed to head up each region: Markus Baum President Region Europe, Bent Wessel-Aas Interim President Region Asia. To further consolidate Bulten's expertise in product development and innovation, the company's engineering resources are also being reorganized. Emmy Pavlovic, formerly SVP Technology and Innovation, is being appointed Chief Technical Officer (CTO). In addition to her existing innovation team, she will now also be responsible for application engineers and future preparation/process engineers. Gathering the engineers in one and the same function will boost the company's ability to respond to customers' future needs for new types of technical solutions. Following these changes, Bulten's EMT now comprises: Christina Hallin Interim President and CEO (from 9 Feb), Anna Åkerblad CFO, Markus Baum President Region Europe, Bent Wessel-Aas Interim President Region Asia, Emmy Pavlovic CTO, Claes Lindroth SVP Purchasing and Quality, Marlene Dybeck SVP HR and Sustainability, Ulrika Hultgren SVP Corporate Communications and IR. Valuation Update With 7 Day Price Move • Dec 08
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €6.39, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 9x in the Auto Components industry in Germany. Total loss to shareholders of 17% over the past three years. Reported Earnings • Oct 28
Third quarter 2023 earnings released: kr1.48 loss per share (vs kr0.67 profit in 3Q 2022) Third quarter 2023 results: kr1.48 loss per share (down from kr0.67 profit in 3Q 2022). Revenue: kr1.38b (up 26% from 3Q 2022). Net loss: kr31.0m (down 321% from profit in 3Q 2022). Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Aankondiging • Oct 24
Bulten AB (publ), Annual General Meeting, Apr 25, 2024 Bulten AB (publ), Annual General Meeting, Apr 25, 2024. Reported Earnings • Jul 13
Second quarter 2023 earnings released: EPS: kr1.81 (vs kr0.86 in 2Q 2022) Second quarter 2023 results: EPS: kr1.81 (up from kr0.86 in 2Q 2022). Revenue: kr1.42b (up 41% from 2Q 2022). Net income: kr38.0m (up 111% from 2Q 2022). Profit margin: 2.7% (up from 1.8% in 2Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Apr 19
Upcoming dividend of kr2.50 per share at 2.8% yield Eligible shareholders must have bought the stock before 26 April 2023. Payment date: 03 May 2023. Payout ratio is on the higher end at 95%, and the cash payout ratio is above 100%. Trailing yield: 2.8%. Lower than top quartile of German dividend payers (4.6%). Higher than average of industry peers (2.3%). Reported Earnings • Apr 06
Full year 2022 earnings released Full year 2022 results: Revenue: kr4.47b (up 20% from FY 2021). Net income: kr55.0m (down 62% from FY 2021). Profit margin: 1.2% (down from 3.8% in FY 2021). Over the last 3 years on average, earnings per share has increased by 22% per year whereas the company’s share price has increased by 19% per year. Board Change • Mar 08
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Employee Representative Director JoaKim Stenberg was the last director to join the board, commencing their role in 2020. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Aankondiging • Feb 13
Bulten AB (publ) to Report Q1, 2023 Results on Apr 25, 2023 Bulten AB (publ) announced that they will report Q1, 2023 results at 1:30 PM, Central European Standard Time on Apr 25, 2023 Aankondiging • Jan 17
Bulten AB (publ) (OM:BULTEN) acquired 36.5% stake in TensionCam Systems AB for SEK 4 million. Bulten AB (publ) (OM:BULTEN) acquired 36.5% stake in TensionCam Systems AB for SEK 4 million on January 16, 2023. TensionCam is owned by Emergera AB which holds the remaining 36.5% of the company’s shares.Bulten AB (publ) (OM:BULTEN) completed the acquisition of 36.5% stake in TensionCam Systems AB for on January 16, 2023. Aankondiging • Dec 24
Bulten AB (publ) to Report Fiscal Year 2022 Final Results on Apr 03, 2023 Bulten AB (publ) announced that they will report fiscal year 2022 final results at 12:00 PM, Central European Standard Time on Apr 03, 2023 Aankondiging • Dec 08
Bulten Closes Manufacturing Plant in the UK Bulten has decided to close its manufacturing plant in Pembroke, UK. The closure means that 50 jobs are at risk of redundancy. The closing-down process will begin with immediate effect, and the plan is to complete the process during the second quarter of 2023. Total restructuring costs amount to approximately SEK 11 million, of which SEK 9 million are reserved for the current year. There will be additional investments totaling about SEK 12 million in connection with the closure. These primarily relate to relocation of equipment and production to Bulten's other manufacturing plants, along with a few new recruitments. The operation in Pembroke became part of Bulten Group in 2020 with the acquisition of PSM International. Fifty people are currently employed at the plant, manufacturing and purchasing fasteners for different industrial segments. Bulten's other operations in the UK will not be affected by the closure of the Pembroke plant. Board Change • Nov 16
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Employee Representative Director JoaKim Stenberg was the last director to join the board, commencing their role in 2020. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Oct 28
Third quarter 2022 earnings released: EPS: kr0.67 (vs kr0.67 in 3Q 2021) Third quarter 2022 results: EPS: kr0.67 (in line with 3Q 2021). Revenue: kr1.10b (up 43% from 3Q 2021). Net income: kr14.0m (flat on 3Q 2021). Profit margin: 1.3% (down from 1.8% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 6.4% growth forecast for the Auto Components industry in Germany. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Aankondiging • Oct 22
Bulten AB (publ), Annual General Meeting, Apr 25, 2023 Bulten AB (publ), Annual General Meeting, Apr 25, 2023. Reported Earnings • Jul 14
Second quarter 2022 earnings released Second quarter 2022 results: Revenue: kr1.01b (up 11% from 2Q 2021). Net income: kr18.0m (down 51% from 2Q 2021). Profit margin: 1.8% (down from 4.1% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 17%, compared to a 10% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Recent Insider Transactions • May 11
Independent Chairman of the Board recently bought €69k worth of stock On the 2nd of May, Ulf Liljedahl bought around 11k shares on-market at roughly €6.43 per share. This was the largest purchase by an insider in the last 3 months. This was Ulf's only on-market trade for the last 12 months. Reported Earnings • May 01
First quarter 2022 earnings released: kr1.91 loss per share (vs kr3.24 profit in 1Q 2021) First quarter 2022 results: kr1.91 loss per share (down from kr3.24 profit in 1Q 2021). Revenue: kr1.03b (down 6.3% from 1Q 2021). Net loss: kr40.0m (down 159% from profit in 1Q 2021). Over the next year, revenue is forecast to grow 19%, compared to a 9.4% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Board Change • Apr 27
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Employee Representative Director JoaKim Stenberg was the last director to join the board, commencing their role in 2020. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Apr 22
Upcoming dividend of kr2.25 per share Eligible shareholders must have bought the stock before 29 April 2022. Payment date: 05 May 2022. Payout ratio is a comfortable 33% but the company is not cash flow positive. Trailing yield: 3.2%. Lower than top quartile of German dividend payers (3.8%). Lower than average of industry peers (3.6%). Aankondiging • Apr 20
CAR SEATS LLC agreed to acquire Russian operation from Bulten AB (publ) (OM:BULTEN) for approximately SEK 10 million. CAR SEATS LLC agreed to acquire Russian operation from Bulten AB (publ) (OM:BULTEN) for approximately SEK 10 million on April 19, 2022. The divestment of the Russian operation, redemption of shares and the liquidation of the joint venture are planned to be completed shortly. Bulten communicated on March 4 that the company was exiting its operations in Russia, due to the current situation in the country related to the war in Ukraine. Reported Earnings • Apr 08
Full year 2021 earnings released: EPS: kr6.81 (vs kr2.64 in FY 2020) Full year 2021 results: EPS: kr6.81 (up from kr2.64 in FY 2020). Revenue: kr3.73b (up 17% from FY 2020). Net income: kr143.0m (up 160% from FY 2020). Profit margin: 3.8% (up from 1.7% in FY 2020). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 19%, compared to a 8.6% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Mar 07
Investor sentiment deteriorated over the past week After last week's 15% share price decline to €5.94, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 8x in the Auto Components industry in Germany. Total loss to shareholders of 18% over the past three years. Reported Earnings • Feb 11
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: kr6.81 (up from kr2.64 in FY 2020). Revenue: kr3.73b (up 17% from FY 2020). Net income: kr143.0m (up 160% from FY 2020). Profit margin: 3.8% (up from 1.7% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 20% compared to a 3.1% decline forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Reported Earnings • Oct 29
Third quarter 2021 earnings released: EPS kr0.67 (vs kr0.91 in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: kr764.0m (down 10% from 3Q 2020). Net income: kr14.0m (down 26% from 3Q 2020). Profit margin: 1.8% (down from 2.2% in 3Q 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 7% per year whereas the company’s share price has fallen by 6% per year. Reported Earnings • Jul 16
Second quarter 2021 earnings released: EPS kr1.76 (vs kr1.86 loss in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: kr910.0m (up 106% from 2Q 2020). Net income: kr37.0m (up kr76.0m from 2Q 2020). Profit margin: 4.1% (up from net loss in 2Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings. Reported Earnings • Apr 30
First quarter 2021 earnings released: EPS kr3.24 (vs kr0.64 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: kr1.10b (up 34% from 1Q 2020). Net income: kr68.0m (up 423% from 1Q 2020). Profit margin: 6.2% (up from 1.6% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 53% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Upcoming Dividend • Apr 23
Upcoming dividend of kr2.00 per share Eligible shareholders must have bought the stock before 29 April 2021. Payment date: 05 May 2021. Trailing yield: 2.0%. Lower than top quartile of German dividend payers (3.2%). In line with average of industry peers (2.0%). Reported Earnings • Apr 09
Full year 2020 earnings released: EPS kr2.64 (vs kr2.65 in FY 2019) The company reported a solid full year result with improved earnings and revenues, although profit margins were flat. Full year 2020 results: Revenue: kr3.20b (up 3.3% from FY 2019). Net income: kr55.0m (up 3.8% from FY 2019). Profit margin: 1.7% (in line with FY 2019). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 63 percentage points per year, which is a significant difference in performance. Is New 90 Day High Low • Mar 02
New 90-day high: €10.70 The company is up 33% from its price of €8.07 on 02 December 2020. The German market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Auto Components industry, which is up 2.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €19.61 per share. Analyst Estimate Surprise Post Earnings • Feb 13
Revenue beats expectations Revenue exceeded analyst estimates by 4.2%. Over the next year, revenue is forecast to grow 26%, compared to a 9.7% growth forecast for the Auto Components industry in Germany. Reported Earnings • Feb 13
Full year 2020 earnings released: EPS kr2.64 (vs kr2.65 in FY 2019) The company reported a solid full year result with improved earnings and revenues, although profit margins were flat. Full year 2020 results: Revenue: kr3.20b (up 3.3% from FY 2019). Net income: kr55.0m (up 3.8% from FY 2019). Profit margin: 1.7% (in line with FY 2019). Over the last 3 years on average, earnings per share has fallen by 64% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Feb 04
New 90-day high: €9.24 The company is up 19% from its price of €7.75 on 06 November 2020. The German market is up 14% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Auto Components industry, which is up 30% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €9.04 per share. Is New 90 Day High Low • Jan 14
New 90-day high: €9.13 The company is up 19% from its price of €7.65 on 16 October 2020. The German market is up 10.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Auto Components industry, which is up 23% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €10.30 per share. Is New 90 Day High Low • Dec 15
New 90-day high: €8.66 The company is up 42% from its price of €6.10 on 16 September 2020. The German market is up 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Auto Components industry, which is up 15% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €10.34 per share. Is New 90 Day High Low • Nov 10
New 90-day high: €8.06 The company is up 39% from its price of €5.80 on 11 August 2020. The German market is down 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Auto Components industry, which is up 6.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €8.85 per share. Aankondiging • Nov 06
Bulten AB Announces Management Changes Bulten AB (publ) has appointed Anna Åkerblad as new Chief Financial Officer. She will assume the position at the latest in the beginning of March 2021 and will be a member of the Group Management. Anna Åkerblad is currently Group CFO at Absolent Group. Prior to that, she was Group CFO at Axel Christiernsson International AB for ten years and has also held senior finance positions within BIM Kemi and as an auditor and consultant at Deloitte. Anna was born in 1975 and has a Msc. in Business Administration from the School of Business, Economics and Law at the University of Gothenburg. Anna succeeds Claes Lundqvist, who has been acting CFO since 1 August 2020. Reported Earnings • Oct 22
Third quarter earnings released Over the last 12 months the company has reported total profits of kr4.00m, down 94% from the prior year. Total revenue was kr2.90b over the last 12 months, down 5.1% from the prior year. Analyst Estimate Surprise Post Earnings • Oct 22
Third-quarter earnings released: Revenue beats expectations Third-quarter revenue exceeded analyst estimates by 8.1% at kr853.0m. Revenue is forecast to grow 25% over the next year, compared to a 3.6% growth forecast for the Auto Components industry in Germany. Is New 90 Day High Low • Oct 01
New 90-day high: €6.80 The company is up 34% from its price of €5.08 on 02 July 2020. The German market is up 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Auto Components industry, which is up 6.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €7.88 per share.