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2015-04-28

Bufab Group : Interim report January - March 2015

Stable earnings despite negative currency effect. Favourable development in
segment International. Acquisition of Flos B.V.

First quarter 2015

* Net sales rose to SEK 609 million (552), an increase of 10 percent.
Adjusted for currency effects and acquisitions, sales increased 4 percent.
* Order intake exceeded net sales.
* Operating profit amounted to SEK 49 million (33) and adjusted operating
profit to SEK 49 million (52).
* Earnings per share increased to SEK 0.88 (0.45).
* Flos B.V. was acquired at the end of February. Net sales for 2014 totalled
approximately SEK 160 million.

GROUP IN BRIEF
(for definitions, see page 16)

--------------------------------------------------------------------------------
| 12 month rolling |
| Quarter 1 D Full year D |
| SEK millions 2015 2014 % 2014/15 2014 % |
| Order intake 616 563 9 2,248 2,195 2 |
| Net sales 609 552 10 2,255 2,198 3 |
| Gross profit 170 162 5 649 641 1 |
| Gross margin,% 28.0 29.5 28.8 29.2 |
| Operating profit 49 33 46 189 174 9 |
| Operating margin,% 8.0 6.0 8.4 7.9 |
| Adjusted operating profit 49 52 -6 189 192 -2 |
| Adjusted operating margin,% 8.0 9.4 8.4 8.7 |
| Profit after tax 33 17 97 128 112 15 |
| Earnings per share 0.88 0.45 97 3.37 2.94 15 |
--------------------------------------------------------------------------------
CEO'S OVERVIEWUnderlying demand during the first quarter of 2015 remained cautious and in
line with the preceding quarter. Compared with the first quarter of 2014, our
assessment is that underlying demand in segment Sweden is somewhat weaker,
while for International it is essentially unchanged.

Our strategic efforts in our sales organisation continue to generate results
in the form of increased market shares, particularly in the International
segment. Growth in this segment is largely attributable to all markets and
many different customers. In segment Sweden, net sales declined. This is
partly due to customers choosing to relocate their production abroad, which
favours sales in segment International, and that a major customer of one of
our manufacturing units in Sweden has chosen to proceed with its own
manufacturing.

Overall, the Group's organic growth is mainly attributable to market share
gains.

The US dollar continued to strengthen against the Swedish krona. In addition,
the euro weakened against the dollar during the quarter. Compared with the
first quarter of 2014, our purchasing costs rose SEK 14 million due to
exchange-rate fluctuations. We have taken measures in the form of price
increases for customers, reduced purchasing prices and general cost savings.
Combined with higher sales volumes during the quarter, we were thus able to
maintaining a stable operating profit. We will remain highly active in
implementing these measures throughout 2015.

Value-generating acquisition is a key component of Bufab's growth strategy.
During the first quarter, we thus acquired the Dutch company, Flos B.V. This
company is a positive complement to Bufab and, as a result of the
acquisition, we are strengthening our position in the expanding segment for
specialised C-Parts. The acquisition will make a positive contribution to
Bufab's earnings per share as of the second quarter.

Despite some positive signals, we have so far seen no enduring improvement in
underlying demand. The exchange rates have continued to change in a manner
that is unfavourable for Bufab. However, during the quarter, we have
demonstrated the strength in our business model and organisation by
succeeding in compensating unfavourable external factors with increased
market shares and improved efficiency. Going forward, we intend to continue
Bufab's long-term favourable development in the same manner.

Jörgen Rosengren, President and CEO

CONFERENCE CALLA conference call will be held on April 28, 2015 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
54 1003, UK 08448719461, Sweden 0856619445 or US 16467412120. Conference
code, 32935290.

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
Stockholm. The information was submitted for publication at
April 28, 2015 at 08.00
.

------------------------------------------------------
| CONTACTJörgen Rosengren Thomas Ekström |
| |
|CEO |
|+46 370 69 69 01 CFO |
|jorgen.rosengren@bufab.com +46 370 69 94 01 |
| thomas.ekstrom@bufab.com |
| |
| |
| |
|Boel Sundvall |
| |
|Communications&IR |
|+46 370 69 69 61 |
|boel.sundvall@bufab.com |
------------------------------------------------------
ABOUT BUFAB

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 850 employees. Bufab's sales for 2014 amounted to SEK 2.2
billion and adjusted operating margin was 9 percent. The Bufab share is
listed on NASDAQ Stockholm, under the ticker "BUFAB."

Interim report January - March 2015
http://hugin.info/159429/R/1915427/684637.pdf

---------------------------------------

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

HUG#1915427

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