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Bufab AB (publ) (BUFAB.ST)

Stockholm - Stockholm Real-time price. Currency in SEK
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233.00+4.50 (+1.97%)
At close: 5:29PM CEST
Full screen
Previous close228.50
Open230.00
Bid232.50 x 0
Ask234.00 x 0
Day's range226.50 - 236.00
52-week range71.30 - 236.00
Volume36,040
Avg. volume48,278
Market cap8.687B
Beta (5Y monthly)1.46
PE ratio (TTM)26.58
EPS (TTM)8.77
Earnings date14 Jul 2021 - 19 Jul 2021
Forward dividend & yield2.75 (1.25%)
Ex-dividend date21 Apr 2021
1y target est130.00
  • Globe Newswire

    Bufab Group: The Board of Directors of Bufab has resolved to utilise its authorisation to repurchase own shares

    PRESS RELEASE, Värnamo 21 April 2021 The Board of Directors of Bufab AB (publ) (“Bufab”) has resolved, pursuant to the authorisation granted by the annual general meeting held on 20 April 2021, to repurchase the company’s own shares on Nasdaq Stockholm. The purpose of the repurchase is to hedge Bufab’s future delivery of shares to the participants of Bufab’s long-term call option program which was resolved by the 2021 annual general meeting. The repurchase may commence on 11 May 2021 and will be administered by Svenska Handelsbanken AB, which will take trading decisions independently of Bufab with regard to the timing of the repurchases. However, no acquisitions will be made during a 30-day period prior to the announcement of a financial report. Purchases may comprise a maximum of 350,000 shares and may take place on one or several occasions prior to the 2022 annual general meeting. Repurchase shall be made on Nasdaq Stockholm in accordance with its Rule Book for Issuers. The repurchases will be made at a price within the registered price interval at any given time, which refers to the interval between the highest buying price and the lowest selling price. Payment for the shares will be made in cash. Reporting will take place through the stock exchange in accordance with applicable rules. The total number of shares in Bufab is 38,110,533 and at the time of this press release the company holds 829,070 own shares. In the event of a fully executed share repurchase, the company will own shares representing approximately 3.1 per cent of the issued shares in the company. For more information, please contact: Marcus Söderberg, CFO, Bufab Group, Tel: +46 370-69 69 66 This information is such that Bufab AB (publ) is required to make public pursuant to Nasdaq Stockholm’s Rulebook for Issuers. About Bufab 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 ProductivityTM customer offering aims to improve productivity in the customers’ value chain for C-Parts. Bufab was founded in 1977 in Småland and is an international company with operations in 28 countries. The head office is located in Värnamo, Sweden, and Bufab has about 1,300 employees. Bufab’s net sales for the past 12 months amounted to SEK 4.9 billion and the operating margin was 11.0 percent. The Bufab share is listed on Nasdaq Stockholm, under the ticker “BUFAB”. Please visit www.bufab.com for more information. Attachment 210421-Bufab-RepurchaseOfShares

  • Globe Newswire

    Bufab Group: Interim report January – March 2021

    CONTINUED STRONG GROWTH AND ROBUST IMPROVEMENT IN PROFITABILITY FIRST QUARTER OF 2021 Net sales increased by 8 percent to SEK 1,423 million (1,316). Organic growth was +14 percent and order intake higher than net salesOperating profit (EBITA) increased by 40 percent to SEK 177 million (126) and the operating margin was 12.4 percent (9.5)Operating cash flow increased to SEK 105 million (84)Earnings per share increased by 38 percent to SEK 3.18 (2.31)Bufab achieved its highest ever single quarter sales, operating profit and earnings per shareBufab joined the Science Based Targets initiativeBufab’s Board of Directors decided on new financial targets until 2025 THE GROUP IN BRIEF Quarter 1Δ 12-monthsrollingFull yearSEK million20212020%2021/202020Order intake1,4811,321124,9874,827Net sales1,4231,31684,8634,756Gross profit397351131,2981,252%27.926.7 26.726.3Operating expenses-220-226-3-765-771%-15.5-17.2 -15.7-16.2Operating profit (EBITA)17712640533482%12.49.5 11.010.1 Operating profit17011844504452%11.99.0 10.49.5Profit after tax1198638332299Earnings per share, SEK3.182.31388.918.04 CEOs OWERVIEW The first quarter of 2021 was operationally very challenging for Bufab. Despite this, we achieved our best-ever sales and operating profit and increased our profitability significantly. Already during the end of 2020, we saw a return to healthy growth with most of our customers. This trend continued into the first quarter. Organic growth was 14 percent, albeit in relation to a weak first quarter in 2020, mostly in Asia. We saw both good underlying demand and continued market share growth. During the end of last year, the growth was mainly driven by our customers regaining lost production volumes from the beginning of the year. We believe the growth at the beginning of 2021 to be more solid, and mainly driven by stronger demand from end customers. This is particularly true for industries that have for various reasons benefited from the coronavirus pandemic. The dramatic shifts in demand caused difficulties during the quarter in the global supply chains. Raw materials and production capacity were affected by bottlenecks and sharp price increases. Certain categories of components have been difficult to obtain at all. Transport systems experienced major capacity problems, particularly in container freight from Asia to North America and Europe. Bufab has been hit with significant increases in the cost of components and freight, which in turn has led to an increased workload as all prices with both suppliers and customers need renegotiation. Overall, the supply situation and corresponding workload at Bufab were under immense strain during the quarter. We are therefore particularly proud that, under such challenging circumstances, we have been able to keep our customers supplied with the billions of components featuring more than a hundred thousand unique specifications that we manage on their behalf. We are convinced that this strengthens our customer relationships in the short and long term, while laying the foundation for further growth going forward. Under these circumstances, it is also further satisfying that Bufab achieved a really strong result. Sales increased by 8 percent and operating profit by a full 40 percent to SEK 177 million, which is our best-ever operating profit in a single quarter, by a wide margin. This in turn is due to strong demand combined with very low operating expenses. We have significantly increased the efficiency in our operations during the last two years, and thus were able to implement last year’s cost savings programme of SEK 100 million without compromising on quality or delivery precision, and without slowing down our sales initiatives. Earnings improved on a broad front: all operating segments increased their sales, profit, and margins. Our newly acquired companies performed particularly well. Now that the pandemic is entering its fifth quarter, there is naturally great uncertainty. Higher costs for components and freight will put pressure on the gross margin and will need to be passed on to the customers. We will also need to increase recruitment to address the current high level of activity, which will add to costs from the current very low level. On the other hand, we have seen healthy demand at the beginning of the year, we have increased our market shares, and order intake shows no indication of a downward turn. Combined with very low inventory levels throughout the manufacturing industry in Europe and North America, this provides excellent conditions for a continued favourable development moving forward. Our financial status is also strong due to excellent cash flow and profit recently. We can now therefore look to the future and invest in future growth. During the quarter, we launched a new strategy for Sustainable Leadership 2025. It entails intensified work with growth and profitability improvement, as well as investment in development and further acquisitions. We have also communicated new financial targets. Until 2025, we aim to increase our sales by 10 percent and profit by 15 percent per year, and achieve a sustainable operating margin of 12 percent latest by 2023. Also, Bufab has joined the UN’s Science-Based Targets initiative, which marks a significantly increased ambition level in the area of sustainability. Once again, I want to thank Bufab’s 1,300 “Solutionists” throughout the world for their outstanding work. Jörgen Rosengren President and CEO CONFERENCE CALL A conference call will be held on 20 April 2021 at 10:00 a.m. CET. Jörgen Rosengren, President and CEO, and Marcus Söderberg, CFO, will present the results. The conference call will be held in English. To participate in the conference, use any of the following dial-in numbers: +44 (0) 2071 928000, 08 445 718 892, Sweden 08 506 921 80 or the US 1 631 510 74 95. Conference code: 4371767. Please dial in 5-10 minutes ahead in order to complete the short registration process. CONTACT Jörgen Rosengren CEO +46 370 69 69 00jorgen.rosengren@bufab.com Marcus SöderbergCFO+46 370 69 69 66marcus.soderberg@bufab.com This information is such that Bufab AB (publ) is obliged to disclose in accordance with the EU’s Market Abuse Regulation. The information was submitted for publication by the aforementioned contacts on 20 April 2021 at 7:30 a.m. CEST. Bufab AB (publ) Box 2266 SE-331 02 Värnamo, Corp. Reg. No. 556685-6240Tel: +46 370 69 69 00 Fax +46 370 69 69 10www.bufab.com Attachment 210420-Q1-report-2021-ENG

  • Globe Newswire

    Bufab Group: President and CEO Jörgen Rosengren leaves Bufab

    Värnamo, March 28, 2021 Jörgen Rosengren, Bufab's President and CEO, has informed the Board that he intends to leave the company for a similar role in another industry. He will remain in his role during his notice period, until September 2021 at the most. The work on recruiting a successor has started. "Since its IPO in 2014, Bufab has shown strong profitable growth and developed into a leading company in its industry. Through investment in new customer solutions, international expansion, efficiency and acquisitions, the company has strengthened its market position and global presence. Turnover and profit have more than doubled. The company now has a strong base for further growth. I would like to thank Jörgen for his efforts for Bufab and for the good results he and Bufab's management and whole team have achieved. The Board regrets that Jörgen has decided to leave Bufab but at the same time respects his decision. On behalf of the Board of Directors, I wish him success in future endeavors. The Board and Bufab's management are now focusing on continued profitable growth while recruiting a new CEO", says Bengt Liljedahl, Chairman of the Board. "After nine exciting and developmental years with Bufab, it is with very mixed feelings that I have made the decision to move on. But Bufab has a very good board and management, a strong ownership structure, stable customer relationships, as well as good growth, profitability and financial position. I am convinced that Bufab will continue its successful development in the future", says Jörgen Rosengren, Bufab's outgoing CEO. For more information, please contact: Bengt Liljedahl, Chairman of the Board, Bufab Group, tel. +46 370 69 38 80 This information is such that Bufab AB (publ) is obliged to disclose in accordance with the EU’s Market Abuse Regulation and the Swedish Securities Market Act. The information was submitted for publication by the aforementioned contacts on March 28, 2021 at 19:30 CET. About Bufab 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 ProductivityTM customer offering aims to improve productivity in the customers’ value chain for C-Parts. Bufab was founded in 1977 in Småland and is an international company with operations in 28 countries. The head office is located in Värnamo, Sweden, and Bufab has about 1,300 employees. Bufab’s net sales for 2020 amounted to SEK 4.8 billion and the operating margin was 10.1 percent. The Bufab share is listed on Nasdaq Stockholm, under the ticker “BUFAB”. Please visit www.bufab.com for more information. Attachment 210328-Bufab-JörgenRosengrenLeavesBufab