Bufab AB Reports Earnings Results for the First Quarter Ended March 31, 2022
April 21, 2022 at 06:30 am
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Bufab AB (publ) reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was SEK 2,002 million compared to SEK 1,423 million a year ago. Net income was SEK 166 million compared to SEK 119 million a year ago. Basic earnings per share from continuing operations was SEK 4.42 compared to SEK 3.18 a year ago. Diluted earnings per share from continuing operations was SEK 4.35 compared to SEK 3.11 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 
