FinnvedenBulten Full Year Report for the period January – December, 2012

PRESS RELEASE | GOTHENBURG, 7 FEBRUARY 2013

Tough finish in 2012, promising ventures in Russia and China, unchanged dividend
FOURTH QUARTER

  · Net sales reached SEK 677 million (803), down 15.7% on the same period last
year.
  · Earnings (EBIT) were SEK 10 million (43), which gave an operating margin of
1.4% (5.4).
  · Earnings after tax for the quarter was SEK -16 million (30).
  · Earnings after tax included SEK –19 million in one-off effect due to the
changed tax rate in Sweden.
  · Order bookings amounted to SEK 578 million (780), down 25.9% on the same
period last year.
  · Cash flow from current activities was SEK 44 million (97).
  · Earnings per share were SEK –0.77 (1.40), or SEK 0.14 (1.40) when adjusted
for the one-off effect due to the changed tax rate in Sweden.
  · Two strategically important agreements were signed concerning establishment
in Russia and China, both with significant growth potential.

JANUARY-DECEMBER 2012

  · Net sales reached SEK 2,963 million (3,085), down 3.9% on the same period
last year.
  · Earnings (EBIT) were SEK 101 million (202), which gave an operating margin
of 3.4% (6.5).
  · Earnings after tax was SEK 42 million (114).
  · Earnings after tax included SEK –19 million in one-off effect due to the
changed tax rate in Sweden.
  · Order bookings amounted to SEK 2,833 million (3,209), down 11.7% on the same
period last year.
  · Cash flow from current activities was SEK 72 million (144).
  · Earnings per share were SEK 2.00 (6.57), or SEK 2.91 (6.57) when adjusted
for the one-off effect due to the changed tax rate in Sweden.
  · The Board proposes an unchanged dividend of SEK 2.00 per share to the Annual
General Meeting.

“FinnvedenBulten’s sales declined significantly in the fourth quarter, mainly
because of a very low activity at the end of the quarter in the European
automotive sector. On top of previously announced cutbacks in existing orders
towards the end of the year, further volume reductions and stoppage days were
implemented with very short notice. This resulted in considerable cuts in
production and delivery volumes in December. Trends in December therefore meant
underutilisation at several of the Group’s factories with a major negative
effect on earnings. Given current market concerns we will continue to prioritize
cost reductions. This in the form of both initiated and planned structural
measures as well as ongoing measures to boost efficiency including the already
decided staff reductions.

Both the Bulten and Finnveden Metal Structures divisions succeeded during the
quarter in reaching strategically important milestones in the form of new
establishment agreements in both Russia and China. These initiatives have
significant growth potential and mean both greater competitiveness and improved
production structure. We look forward to developing these businesses in coming
years. It is also gratifying that the delivery and order bookings for the
beginning of the year have recovered compared to December’s low levels.”

Johan Westman, President and CEO

The report will be presented by FinnvedenBulten’s President and CEO Johan
Westman at a teleconference on Thursday, 7 February at 15:30 CET. Copies of the
presentation will be available on www.finnvedenbulten.com approximately 30
minutes before the conference starts.

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 8 506 443 86, UK +44 207 153 9154, US +1 877 423 0830. Code:
363031#.

A replay of the telephone conference is available until May 7, 2013 on the phone
numbers Sweden +46 8-505 564 73, UK +44 203 364 5196, USA +1 877 679 2989. Code:
345736#

For further information, please contact:

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

Kamilla Oresvärd, 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 13:30 CET on February 7, 2013.

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.