FinnvedenBulten’s Q2 report 2014

Successful start-up of new FSP contracts; divestment of Finnveden Metal
Structures concluded.
SECOND QUARTER – CONTINUING OPERATIONS

  · Net sales reached SEK 618 million (479), up 29.0% on the same period last
year.
  · Earnings (EBIT) were SEK 37 million (39), which correspond to an operating
margin of 6.0% (8.2).
  · Profit after tax was SEK 26 million (53) and SEK 26 million (26) when
adjusted for non-recurring items during last year relating to a tax receivable
for deduction of interest in accordance with the verdict of the Administrative
Court of Appeal.
  · Order bookings amounted to SEK 649 million (466), up 39.3% on the same
period last year.
  · Cash flow from current activities was SEK -59 million (42), driven by the
considerable expansion and operating capital tied up.
  · Earnings per share were SEK 1.30 (2.52). Adjusted for non-recurring items,
earnings per share were SEK 1.30 (1.24).
  · The Finnveden Metal Structures division was divested to American Shiloh
Industries Inc.
  · Profit after tax from discontinued operations was SEK 64 million (-14),
which includes consolidated capital gains of SEK 54 million from the divestment
of the Finnveden Metal Structures division as of 30 June 2014.

JANUARY–JUNE – CONTINUING OPERATIONS

  · Net sales reached SEK 1,200 million (898), up 33.6% on the same period last
year.
  · Earnings (EBIT) reached SEK 70 million (59), which correspond to an
operating margin of 5.9% (6.6).
  · Profit after tax was SEK 49 million (65) and SEK 49 million (38) when
adjusted for non-recurring items during last year relating to a tax receivable
for an interest deduction in accordance with the verdict of the Administrative
Court of Appeal.
  · Order bookings amounted to SEK 1,281 million (951), up 34.6% on the same
period last year.
  · Cash flow from current activities was SEK -85 million (68), driven by the
considerable expansion and operating capital tied up.
  · Net cash was SEK 137 million (-226). Equity was 64.7% at the end of the
period.
  · Earnings per share were SEK 2.39 (3.10). Adjusted for non-recurring items,
earnings per share were SEK 1.46 (1.82).
  · Profit after tax from discontinued operations was SEK 85 million (-20),
which includes consolidated capital gains of SEK 54 million from the sale of the
Finnveden Metal Structures as of 30 June 2014.

IMPORTANT EVENTS AFTER THE END OF THE REPORTING PERIOD

  · A new President and CEO, Tommy Andersson, along with a new Executive Vice
President and management team for FinnvedenBulten took up their positions on 1
July 2014.
  · FinnvedenBulten AB has called an Extraordinary General Meeting on 19 August
2014 for resolution on amending the articles of association regarding change of
firm to Bulten AB.

“In 2014 Bulten has taken significant steps forward on the market. In a short
period of time we have successfully started two new extensive Full Service
Provider (FSP) projects with leading automotive makers at full-volume production
levels. Both projects are now being optimised in terms of distribution between
own production and trading, which is expected to lead to gradual improvements in
margins. We have also clearly strengthened our position and have established a
strong trust as supplier to the international automotive sector. Bulten is now
market leader in Europe for FSP related solutions.

  In Q2 the start-up in Russia was intensified and we expect production to start
in September. The Russian establishment added to our FSP business and a
significantly stronger financial position following the sale of division
Finnveden Metal Structures mean that we have very good prospects for continued
organic growth. The goals for the new management team and I are to continue
building a world leading FSP supplier of fasteners with good profitability and
with a highly effective production and purchasing organization that secures
quality at every stage.”

Tommy Andersson, President and CEO

Investors, analysts and media are invited to participate in the teleconference
on July 11 at 11:00 CET when the report will be presented by FinnvedenBulten’s
President and CEO Tommy Andersson and the company’s EVP and CFO Helena
Wennerström.

To participate, please call 5 minutes before the opening of the conference call
to Sweden +46 8 506 443 86, UK +44 207 153 9154, US +1 877 423 0830. Code:
348020#.

Copies of the presentation will be available at www.finnvedenbulten.com at
approximately 30 minutes before start.

A replay of the telephone conference is available until July 25, 2014 on the
phone numbers Sweden +46 8-505 564 73, UK +44 203 364 5200, USA +1 877 679 2989.
Code: 352471#.

The full report is attached to this press release.

For further information, please contact:

Tommy Andersson, President and CEO

Tel: + 46 31-734 59 00

Kamilla Oresvärd, Senior Vice President Corporate Communications

Tel: +46 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 08:30 CET on July 11, 2014.

Bulten, part of FinnvedenBulten, is one of the largest suppliers of fasteners to
the European automotive industry. The product range spans from customer specific
standard products to customized special fasteners and comprise technological
development, line feeding, logistics, materials and production know how. Bulten
offers a Full Service Provider concept or parts thereof. FinnvedenBulten is
listed on NASDAQ OMX Stockholm. Further information at www.finnvedenbulten.com
and www.bulten.com.