FinnvedenBulten Interim Report for the period January – March, 2012

Organic growth on weaker market, good cash flow but lower operating
margin

FIRST QUARTER

  · Net sales reached SEK 807 million (796), up 1.4%
on the same period last year.
  · Earnings (EBIT) were SEK 40 million (54),
which gave an operating margin of 5.0% (6.7). Disturbancies in production in the
beginning of the quarter combined with extra costs
for the start-up of new
customer projects had a negative impact on earnings.
  · The profit after tax
for the quarter was SEK 30 million (23).
  · Order bookings amounted to SEK 865
million (838), up 3.1% on the same period last year.
  · Cash flow from
operating activities was SEK 50 million (40).
  · Earnings per share were SEK
1.42 (1.98).

SIGNIFICANT EVENTS AFTER THE END OF THE QUARTER

  · Term
sheet signed with Russian company GAZ Group whereby FinnvedenBulten intends to
invest approximately EUR 6.6 million and receive an ownership share of 63% in a
new joint venture company that will supply fasteners to the automotive industry
in Russia.

“FinnvedenBulten reported increased order bookings and sales in a
weaker Western European market. Adjusted for exchange rate differences,
FinnvedenBulten’s organic growth was 1.5% compared with the strong performance
in the first quarter of 2011. The Group has a strong financial position with a
low net-debt-to-equity ratio and good cash flow from current operations.
Initially, the quarter was unfortunately affected by disturbances and imbalance
in production, but the production situation improved significantly in
March.

The Finnveden Metal Structures division was also burdened by extra
start-up and running-in costs for new customer projects. An improvement program
is in place and is expected to bring continued progress during the coming
quarters. Development for the Bulten division remains good and after the end of
the period the division signed a term sheet with GAZ Group concerning the joint
venture company that will supply fasteners to the automotive industry in Russia.
The automotive industry has expressed great interest in the company’s
establishment in Russia. The establishment is an important step in our strategy
for expansion on growth markets.”

Johan Westman, President and CEO

The
report will be presented by FinnvedenBulten’s President and CEO Johan Westman at
a teleconference on Thursday, April 26 at 14:30 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 in the telephone conference, please call 5 minutes
before the opening of the conference to Sweden +46 (0)8 506 269 00, UK +44
(0)207 750 9905, US +1 631 886 5378. Code: 639744#

A replay of the telephone
conference is available until November 15, 2011 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:
269799#.

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, April 26,
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.