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Bufab Group: Interim report January - March 2014

Strong growth and improved profitability

* The Group's net sales amounted to SEK 552 (495) million, up 11.5 percent
compared with the same period previous year. The increase was primarily
attributable to stronger economic conditions compared with a weak first
quarter of 2013, but also to the strategic initiatives that have resulted
in higher market shares.
* The order intake exceeded net sales.
* Adjusted operating profit amounted to SEK 52 million (41). As anticipated
non-recurring costs of SEK 18 million (0) pertaining to the stock listing
have been charged against operating profit, which amounted to SEK 33
million (41).
* The adjusted operating margin rose to 9.4 percent (8.2).
* The Bufab share was listed on NASDAQ OMX Stockholm on 21 February.


Our strategy of focusing on profitable growth and efficiency continues to
generate results.

During the period, Bufab experienced higher demand compared with a weak first
quarter in 2013, but also compared with the preceding quarter. Overall, net
sales increased 11.5 percent. Both our Swedish and international companies
contributed to the sales increase, which was primarily due to stronger
economic conditions. However, we also noted that our strategy, launched in
2012, is beginning to generate results in the form of higher market shares.
Accordingly, we continued to strengthen our sales organisation during the

The order intake for the quarter exceeded net sales, which is a good sign for
the beginning of the second quarter.

Our gross margin improved compared with the same period last year. This is the
result of our efforts in our strategic initiative to improve efficiency,
which have led to both reduced purchase prices and lower costs in our supply

Our operating expenses increased compared with both the same period last year
and the preceding quarter. The increase was mainly due to our investment in
the sales organisation in the Segment International, where we also noted
sales growth of 15.7 percent.

All in all, the adjusted operating margin for the Group in the quarter rose
from 8.2 percent to 9.4 percent.

On 21 February, the Bufab share was listed for trading on NASDAQ OMX
Stockholm. The listing was preceded by a diversification of Bufab ownership
base by our principal owner Nordic Capital Fund V. Apart from giving Bufab
access to the capital markets, the listing will also significantly increase
knowledge about Bufab and its operations, and be a quality stamp.

Jörgen Rosengren, President and CEO

Other information


This interim report has been prepared pursuant to IAS 34 Interim Financial
Reporting and the Swedish Annual Accounts Act. The Parent Company's accounts
were prepared in accordance with the Swedish Annual Accounts Act, Chapter 9
and the Swedish Financial Reporting Board's recommendation RFR 2.

The accounting policies applied correspond to the accounting policies and
measurement principles presented in the 2013 Annual Report. The 2013 Annual
Report is available atwww.bufab.com.


Exposure to risk is a natural part of business activity and this is reflected
in Bufab's approach to risk management. The aim is to identify and prevent
risks and to limit any loss or damage from these risks. The main risks to
which the Group is exposed are related to the impact of the economy on
demand. For further information, see Note 3 of the 2013 Annual Report.


Bufab has no essential seasonal variation but sales throughout the year vary
depending on the number of customers' production days in each quarter. Sales
and operating profit are normally lowest in the third quarter.


During the period, the redemption of preference shares, as well as the offset
issue, were implemented and one Board member utilised his/her warrants (see
page 9). There were no other related-party transactions during the period.


The number of employees in the Group on the final day of the period was 801


There were no significant changes in contingent liabilities during the period.


On 21 February, Bufab was listed on NASDAQ OMX Stockholm, when Bufab and
principal owner Capital Fund V decided to implement a diversification of
Bufab's ownership base. The listing has provided Bufab with access to Swedish
and international capital markets, which is expected to promote the company's
continued growth and development. The listing is a logical and key step in
Bufab's development and will contribute to increasing knowledge about Bufab
and its operations.


The Annual General Meeting of Bufab Holding AB (publ) will be held on 5 May
2014 in Värnamo.

The Board of Directors proposes that no dividend be paid for the 2013
financial year.

The notice convening the AGM and complete proposals are available


This interim report has not been formerly examined by the company's auditors.



5 May 2014 in Värnamo

Interim Report January-June
13 August 2014

Interim Report January-September
4 November 2014

Year-end report January - December
20 February 2015

Stockholm, 29 April 2014

Jörgen Rosengren
President and CEO


A conference call will be held on April 29th 2014 at 10.00 CET. Jörgen
Rosengren, President&CEO and Thomas Ekström, CFO will present the result. The
call will be held in English.

In order to participate, please use one of the following numbers; +44 (0) 1452
555566, UK 08444933800, Luxembourg 20880695, Sweden 0850336434 or US
16315107498. Conference code; 29695977.

Please dial in 5-10 minutes ahead in order to register.

This information is in accordance with the Swedish Securities Market Act, the
Swedish Financial Instruments Trading Act and/or the regulations of NASDAQ
OMX Stockholm. The information was submitted for publication at April 29,
2014 at 08.00

|Jörgen Rosengren Thomas Ekström |
| |
| |
| |
|+46 370 69 69 01 +46 370 69 94 01 |
|jorgen.rosengren@bufab.com thomas.ekstrom@bufab.com |
| |
| |
|Boel Sundvall |
| |
|Communications&IR |
| |
|+46 370 69 69 61 |
|boel.sundvall@bufab.com |

Bufab Holding AB (publ), Corporate Registration Number 556685-6240, is a
trading company that offers its customers a full-service solution as Supply
Chain Partner for sourcing, quality control and logistics for C-Parts
(screws, nuts, etc.). Bufab's Global Parts ProductivityTMcustomer offering
aims to improve productivity in customers' value chain for C-Parts.

Bufab was founded in 1977 in Småland and is an international company with
operations in 23 countries. The head office is located in Värnamo, Sweden and
Bufab has about 800 employees. Bufab's sales for 2013 amounted to SEK 2,031
million and operating profit was SEK 201 million. The Bufab share is listed
on NASDAQ OMX Stockholm, under the ticker "BUFAB."

The full report including tables can be downloaded from the following link:

Interim report January - March 2014


This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Bufab Group via Globenewswire


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