Bulten’s Q2 report 2015

Continued strong growth and capacity expansion.
SECOND QUARTER

  · Net sales reached SEK 696 million (618), up 12.5% on the same period last
year.
  · Operating earnings (EBIT) were SEK 45 million (37), which corresponds to an
operating margin of 6.5% (6.0).
  · Earnings after tax were SEK 35 million (26).
  · Order bookings amounted to SEK 688 million (649), up 6.1% on the same period
last year.
  · Cash flow from operating activities was SEK 14 million (-59).
  · Earnings per share were SEK 1.69 (1.30).

JANUARY – JUNE

  · Net sales reached SEK 1,409 million (1,200), up 17.5% on the same period
last year.
  · Operating earnings (EBIT) were SEK 82 million (70), which corresponds to an
operating margin of 5.8% (5.9).
  · Earnings after tax were SEK 65 million (49).
  · Order bookings amounted to SEK 1,348 million (1,281), up 5.2% on the same
period last year.
  · Cash flow from operating activities was SEK 63 million (-85).
  · Earnings per share were SEK 3.13 (2.39).
  · Net cash was SEK 12 million (137) and the equity/assets ratio at the end of
the period was 68.2% (64.7).

“Bulten continued its positive development with sales growth of 13%, which
further increased our market share. Good development is based primarily on the
FSP contracts that went into production in 2014 and a number of smaller
contracts for which deliveries have started during the year.

 We continued to win new business during the quarter, including a new contract
from an existing customer concerning fasteners for heavy vehicles worth around
SEK 17 million annually. We have also seen how our business in Russia and China
continues to progress, although the effect on the Group as a whole is still
limited. Capacity expansion to handle higher volumes in Poland has continued. A
new heat treatment line was taken into operation during the quarter and the
construction of the new logistics centre in Poland is proceeding according to
plan and is expected to be taken into operation in Q3.

 Market development in the quarter was uneven with lower activity in May, which
affected Bulten. An uneven rate of production and the start-up of the heat
treatment line in Poland together with currency translation effects had a
negative impact on profitability. The ongoing optimisation programme has partly
contributed positively to counteract this.

 Going forward we see continued good opportunities for new business when we can
further increase our market share and strengthen our positions on the market.”

Tommy Andersson, President and CEO

Investors, analysts and media are invited to participate in the teleconference
on July 10 at 11:00 CET when the report will be presented by Bulten’s President
and CEO Tommy Andersson and the company’s EVP and CFO Helena Wennerström.

Copies of the presentation will be available at www.bulten.com at approximately
30 minutes before start. The full report is attached to this press release.

To participate, please call 5 minutes before the opening of the conference call
to Sweden +46 8 5055 6453, UK +44 2030 092 455, US +1 855 228 3719. Code:
289286#.

A replay of the telephone conference is available until July 24, 2015 on the
phone numbers Sweden +46 8 5055 6444, UK +44 2033 645 943, USA +1 866 286 6997.
Code: 367163#.

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@bulten.com

Bulten discloses the information provided herein pursuant to the Securities
Market Act and/or the Financial Instruments Trading Act. The information was
submitted for publication at 08:30 CET on July 10, 2015.

Bulten is one of the leading suppliers of fasteners to the international
automotive industry. The company’s product range includes everything from
customer-specific standard products to specialist, customized fasteners. The
company also provides technical development, line-feeding, logistics, material
and production expertise. Bulten offers a Full Service Provider concept or parts
thereof. Bulten AB (publ):s share is listed on Nasdaq Stockholm. Read more at
www.bulten.com.