FinnvedenBulten Full Year Report for the period January – December, 2011

FinnvedenBulten Full Year Report for the period January – December, 2011

PRESS RELEASE |GOTHENBURG, 7 FEBRUARY 2012

Strong growth and the financial targets achieved

FOURTH QUARTER

  · Net sales reached SEK 803 million (730), up 9.9% on the same period last
year.
  · Earnings (EBIT) were SEK 43 million (42), which gave an operating margin of
5.4% (5.7).
  · The operating margin adjusted for non-recurring items was 5.4% (5.8).
  · Profit after tax for the quarter was SEK 30 million (174). Previous year’s
results include a deferred tax receivable of SEK 149 million.
  · Order bookings amounted to SEK 780 million (785), down 0.7% on the same
period last year.
  · Cash flow from current activities was SEK 97 million (59).
  · Earnings per share were SEK 1.40 (15.73). Pro-forma earnings per share were
SEK 1.41. Previous year’s results include a deferred tax receivable of SEK 13.43
per share.

JANUARY-DECEMBER

  · Net sales reached SEK 3,085 million (2,607), up 18.3% on the same period
last year.
  · Earnings (EBIT) were SEK 202 million (114), which gave an operating margin
of 6.5% (4.4).
  · The operating margin adjusted for non-recurring items was 7.1% (4.8).
Non-recurring items of SEK 18 million in 2011 relate to the listing process on
the NASDAQ OMX. Non-recurring costs for the corresponding period in 2010
amounted to SEK 7 million for the rationalization programmes and SEK 4 million
for the listing process.
  · Profit after tax was SEK 114 million (181). Previous year’s results include
a deferred tax receivable of SEK 149 million.
  · Cash flow from current activities was SEK 144 million (71).
  · Earnings per share were SEK 6.57 (16.36). Pro-forma earnings per share were
SEK 6.68. Previous year’s results include a deferred tax receivable of SEK 13.43
per share.
  · A shareholders loan was converted into ordinary shares during Q2 reducing
debt by SEK 353 million.
  · FinnvedenBulten was listed on the NASDAQ OMX Stockholm during Q2, 2011.
  · The financial agreement with Svenska Handelsbanken was renewed and extended.
  · The Board proposes a dividend of SEK 2.00 per share.

“A strong year with organic growth of 22% adjusted for currency effects. The
business
has progressed positively for most of the year, but as several customers
adjusted their production plans downward, the pace of our activities was
affected in December. New projects have incurred higher costs during the
quarter. The economic situation remains uncertain but we see good opportunities
for growth through our initiatives on growth markets. When we summarize 2011 we
can conclude that FinnvedenBulten has delivered strong growth and after
adjustments for IPO costs, we have achieved all of our financial targets.”

Johan Westman, President and CEO

The report will be presented by FinnvedenBulten’s President and CEO Johan
Westman at a teleconference on Tuesday, February 7 at 16:00 CET.

The full report is attached to this press release. Copies of the presentation
will be available on www.finnvedenbulten.com approximately 30 minutes before the
conference starts.

To participate, please call 5 minutes before the opening of the conference call
to Sweden +46 (0)8 506 269 00, UK +44 (0)207 750 9905, US +1 631 886 5378. Code:
430251#.

A replay of the telephone conference is available until February 21, 2012 on the
phone numbers Sweden +46 (0) 8-506 269 49, UK +44(0) 207 750 99 28, USA +1 866
305 62 92.
Code 266675#.

For further information, please contact:

Johan Westman, President and CEO
Tel: + 46 (0)31-734 59 00

Kamilla Oresvärd, Vice President Corporate Communications
Tel: +46 (0)70-520 59 17, e-mail: kamilla.oresvard@finnvedenbulten.com

NB
The information in this announcement is required to be disclosed by
FinnvedenBulten AB (publ) under the Swedish Securities Markets Act and/or the
Financial Instruments Trading Act. The information was submitted for publication
at 13:00 CET on, February 7, 2012.

FinnvedenBulten develops and manages industrial businesses, offering products,
technical solutions and systems in metallic materials. The Group operates as a
business partner to international customers in the engineering industry,
primarily the automotive industry. FinnvedenBulten is structured into two
divisions – Bulten and Finnveden Metal Structures – both with strong positions
in their respective customer segments. FinnvedenBulten is listed on NASDAQ OMX
Stockholm. Further information at www.finnvedenbulten.com.