Bulten AB reported 2016 sales declined 0.6% to SEK 2.7 billion (US$302.7 million). Operating earnings increased 21% to SEK 200 million.

EBIT corresponded to an operating margin of 7.7%, while earnings after tax were SEK 146 million – a 31% improvement. 

“The year ended strongly with a 10.5% rise in order bookings for the final quarter compared with the same period last year,” stated CEO Tommy Andersson.

Bulten reported its order bookings were SEK 2.7 billion, up 1.6%.

“Being a supplier to the automotive industry is challenging on many levels but we have managed to strengthen our customer relations by, among other things, supplying the best quality and service at the lowest possible cost,” added Andersson.

“We have also advanced our position in technology for electric cars and hybrids.” Web: bulten.com