Bufab Group achieved record sales, operating profit and earnings per share in 2020.

Net sales rose 9% to SEK 4,756 million (4,348), primarily through the 2019 acquisition of American Bolt & Screw. Operating profit increased to SEK 482 million and operating margin rose to 10.1%.

Order intake climbed 11%.

In other news, CEO and president Jörgen Rosengren intends to leave the company for a similar role in another industry, Bufab reports. Rosengren is expected to remain in his role until September 2021.

“After nine exciting and developmental years with Bufab, it is with very mixed feelings that I have made the decision to move on. But Bufab has a very good board and management, a strong ownership structure, stable customer relationships, as well as good growth, profitability and financial position,” Rosengren stated.

Board chairman Bengt Liljedahl thanked Rosengren “for his efforts for Bufab and for the good results he and Bufab’s management and whole team have achieved.” Web: Bufab.com