Bulten’s Q2 report 2016

Strong cash flow and continued high operating margin.
SECOND QUARTER

  · Net sales reached SEK 686 million (696), down -1.4% on the same period last
year.
  · Operating earnings (EBIT) were SEK 54 million (45), which corresponds to an
operating margin of 7.8% (6.5).
  · Earnings after tax were SEK 39 million (35).
  · Order bookings amounted to SEK 672 million (688), a decrease of -2.4% on the
same period last year.
  · Cash flow from operating activities was SEK 95 million (14).
  · Earnings per share were SEK 1.92 (1.69).
  · Bulten has decided to invest approximately EUR 6 million in a plating line
in its Polish production unit.

JANUARY - JUNE

  · Net sales reached SEK 1,402 million (1,409), down -0.5% on the same period
last year.
  · Operating earnings (EBIT) were SEK 109 million (82), which corresponds to an
operating margin of 7.8% (5.8).
  · Earnings after tax were SEK 79 million (65).
  · Order bookings amounted to SEK 1,370 million (1,348), an increase of 1.7% on
the same period last year.
  · Cash flow from operating activities was SEK 173 million (63).
  · Earnings per share were SEK 3.95 (3.13).
  · Net debt was SEK 89 million (net cash of 12) and the equity/assets ratio at
the end of the period was 67.1% (68.2).

CEO’S COMMENTS

“Bulten reported a continued high operating margin of 7.8% and a significantly
improved profitability in Q2 with net sales in line with previous year. Our
financial position has been further strengthened with good earnings and a very
strong cash flow, which has also been reflected in improved key financial
indicators.

Sales development in our different markets has been somewhat uneven during the
quarter. Deliveries to carmakers with European exposure remained good and were
above the level of market growth. Deliveries to China and to heavy vehicle
manufacturers were at a lower rate. In total therefore, net sales were
marginally lower than previous year.

Ahead of us we still see that 2016 will be a year of growth in line with
expectations on the European vehicle production. In coming years we see very
good prospects to gain further market shares based on received contracts and
ongoing discussions with customers. We are therefore making preparations for
future growth both through investments and also through continued improvement in
the efficiency. During the quarter, for example, we decided to invest in a
surface treatment plant in Poland that is expected to generate annual savings of
around EUR 2 million on full production.”

Tommy Andersson, President and CEO

Investors, analysts and media are invited to participate in the ­teleconference
on July 13 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 08 5059 6306, UK +44 020 3139 4830, US +1 718 873 9077. Code:
48083235#.

A replay of the telephone conference is available until July 27, 2016 on the
phone numbers Sweden +46 08 5664 2638, UK +44 203 426 2807, USA +1 866 535 8030.
Code: 673876#.

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

This information is information that Bulten AB (publ) is obliged to make public
pursuant to the EU Market Abuse Regulation and the Securities Markets Act. The
information was submitted for publication, through the agency of the Senior Vice
President Corporate Communications set out above, at 08:30 CET on July 13, 2016.

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 customized special fasteners. The company
also provides technical development, line-feeding, logistics, material and
production expertise. Bulten offers a Full Service Provider concept or parts
thereof. The company was founded in 1873, has some 1,200 employees in nine
countries and head office in Gothenburg. The share (BULTEN) is listed on Nasdaq
Stockholm. Read more at www.bulten.com