Du är här


Bufab Group : Year-end report 2015

Good growth and improved operating profit. Acquisition of Apex Stainless
Fasteners Ltd.

Fourth quarter 2015

* Net sales rose by 15 percent to SEK 612 million (532). Adjusted for
currency effects and acquisitions, net sales increased by 4 percent.
* Order intake exceeded net sales.
* Operating profit amounted to SEK 38 million (33) and was charged with
acquisition costs of SEK 6 million.
* Earnings per share amounted to SEK 0.49 (0.51).
* Acquisition of Apex Stainless Fasteners Ltd, UK, with annual net sales of
about SEK 300 million.

Full-year 2015

* Net sales rose by 12 percent to SEK 2,458 million (2,198). Adjusted for
currency effects and acquisitions, net sales increased 3 percent.
* Order intake exceeded net sales.
* Adjusted operating profit amounted to SEK 197 million (192) and was charged
with acquisition costs of SEK 8 million.
* Earnings per share amounted to SEK 3.27 (2.94).
* The Board proposes an increase in dividends for 2015 to SEK 1.70 (1.50) per


| Quarter 4 D Jan-Dec D |
| SEK millions 2015 2014 % 2015 2014 % |
| Order intake 618 533 16 2,463 2,195 12 |
| Net sales 612 532 15 2,458 2,198 12 |
| Gross profit 167 150 12 677 641 6 |
| Gross margin, % 27.4 28.1 27.5 29.2 |
| Operating profit 38 33 15 197 174 13 |
| Operating margin, % 6.2 6.2 8.0 7.9 |
| Adjusted operating profit 38 33 15 197 192 2 |
| Adjusted operating margin, % 6.2 6.2 8.0 8.7 |
| Profit after tax 19 20 -5 125 112 11 |
| Earnings per share 0.49 0.51 -5 3.27 2.94 11 |

In 2015, net sales rose by 12 percent to SEK 2,458 million, which is the
highest full-year sales in our history.

The gross margin was subject to intense pressure from unfavourable exchange
rates for the company during the year. The action program that we announced
at the start of 2015, in the form of price increases, a strengthened focus on
improved purchase prices and a cost-savings program of SEK 15 million, has
generated effects and was crucial for our success in gradually turning around
earnings to an improved operating profit.

However, the performance of our two operating segments was unevenly
distributed. Net sales for segment Sweden declined by 4 percent during the
year. This decline was primarily the result of a customer of one of the
manufacturing units taking over production. Furthermore, the main portion of
currency effects impacted this segment, which is why profit fell sharply.
Naturally, our aim for 2016 is to turn around this negative trend in both
growth and margin. The latter will be achieved primarily on the basis of
purchasing savings.

On the other hand, segment International reported a favourable performance for
the year. Net sales for the segment increased substantially by 25 percent, of
which 9 percent organically, showing the strength of the global business
model. Operating profit and the operating margin also improved, mainly driven
by higher sales, and we succeeded in offsetting unfavourable exchange rates
by cutting costs and increasing prices.

We directed focus to enhancing efficiency during the year. In addition to
achieving a healthy operating cash flow, we succeeded in making significant
purchasing savings. This took place through systematic work on supplier
consolidation and negotiations that were carried out by the global
organization that we have built up in recent years. These efforts were
further strengthened and focus during the year, which, when combined with the
favourable prices of raw materials, means that we have ambitious targets for
continued savings in 2016.

It is particularly pleasing that we carried out two significant acquisitions
in 2015 - Flos B.V and Apex Stainless Fasteners Ltd - following a period of
inactivity for a number of years. Both of these companies are well-managed
and profitable and hold strong market positions in attractive niches. The two
companies add joint annual sales of slightly less than SEK 500 million. We
now have an effective acquisition process and we are continuously evaluating
additional candidates.

Demand and the economic climate in 2016 are uncertain. However, at Bufab we
have a confident outlook for the year. Our ambition is to continue our
organic growth, including changing to growth in our important home market of
Sweden. Systematic efforts are in place for making additional purchasing
savings. These initiatives will help us to improve our margins, which is a
key focus area for 2016. We are also working on developing our two new
acquisitions and on realising synergies.

All in all, we have a solid platform to stand on and have a positive view of
the conditions for both growth and improved margins in 2016. For this reason,
the Board has proposed a 13 percent increase in dividends to SEK 1.70 per

Jörgen Rosengren, President and CEO


Bufab 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 935 employees. Bufab's net sales for 2015 amounted to SEK 2.5
billion and operating margin was 8 percent. The Bufab share is listed on
NASDAQ Stockholm, under the ticker "BUFAB."

CONFERENCE CALL A conference call will be held on 26 February 2016 at 10.00 a.m. CET. Jörgen
Rosengren, President&CEO and Thomas Ekström, CFO, will present the results.
The conference call will be held in English.

In order to participate, please use one of the following numbers: +44 (0) 1452
541003, UK 08448719461, Luxemburg 80027953, Sweden 0856619445 or US
18662540808. Conference code: 43724224.

Please dial in 5-10 minutes ahead in order to complete the short registration

This information is published 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 26
February 2016 at 8:00 a.m. CET

| 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 |

Year-end report 2015


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


Författare WKR

Tala om vad ni tycker

Tala om vad ni tycker

Ni är just nu inne på en betaversion av nya aktiespararna. Lämna gärna feedback på vad ni tycker i formuläret nedan.