Bufab AB Reports Earnings Results for the Full Year Ended December 31, 2022
February 09, 2023 at 12:00 pm IST
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Bufab AB (publ) reported earnings results for the full year ended December 31, 2022. For the full year, the company reported sales was SEK 8,431 million compared to SEK 5,878 million a year ago. Net income was SEK 609 million compared to SEK 470 million a year ago.
Basic earnings per share from continuing operations was SEK 16.23 compared to SEK 12.57 a year ago. Diluted earnings per share from continuing operations was SEK 15.95 compared to SEK 12.32 a year ago.
Bufab AB (publ) is a Sweden-based company engaged in the supply of fasteners and small parts to industrial segments, and provision of logistics and purchasing services. The Company purchases, develops, manufactures and distributes components such as C-parts, standard fasteners, magnets, magnet systems, and other standard and drawing-specific parts in metal, plastic, rubber, stainless steel, metal powder, wire and fabric. It serves a variety of industries, such as telecommunication, automotive, furniture, offshore, engineering, industrial construction, agriculture, aerospace and railway. The Company operates through subsidiaries in Sweden, Norway, Finland, France, Germany, China, Taiwan, Austria, Poland, the United Kingdom and the Netherlands, among others. Also, it operates Kian Soon Mechanical Components Pte Ltd in Singapore.
BUFAB AB 