Bufab Group

Year-end report 2020

Strong increase in sales and profitability in a challenging world

Fourth quarter of 2020

• Net sales rose by 10 percent to SEK 1,238 million (1,124), of which +10 percent was organic
• Order intake increased by 13 percent and was higher than net sales
• Operating profit (EBITA) rose to SEK 121 million (73) corresponding to an operating margin of 9.8 percent (6.5)
• Earnings per share amounted to SEK 2.03 (1.03)

Full-year 2020

• Net sales rose by 9 percent to SEK 4,756 million (4,348), of which -5 percent was organic
• Order intake increased by 11 percent and was higher than net sales
• Operating profit (EBITA) rose to SEK 482 million (384) corresponding to an operating margin of
  10.1 percent (8.8)
• Earnings per share amounted to SEK 8.04 (6.75)
• Operating cash flow increased to SEK 540 million (351)
• In 2020, Bufab achieved its highest annual sales, operating profit and earnings per share ever
• The Board of Directors proposes a dividend of SEK 2,75 per share (0.00)

The Group in Brief

	Quarter 4		Δ	Jan-Dec		Δ
SEK million	2020	2019	%	2020	2019	%
Order intake	1,299	1,148	13	4,827	4,354	11
Net sales	1,238	1,124	10	4,756	4,348	9
Gross profit	323	297	9	1,252	1,183	6
%	26.1	26.4		26.3	27.2
Operating expenses*	-202	-224	-10	-771	-799	-4
%	-16.3	-20.0		-16.2	-18.4
Operating profit (EBITA)*	121	73	66	482	384	26
%	9.8	6.5		10.1	8.8
Operating profit	114	67	70	452	368	23
%	9.2	6.0		9.5	8.5
Profit after tax	76	39	96	299	253	18
Earnings per share, SEK	2.03	1.03	97	8.04	6.75	19
Dividend per share, SEK	-	-		2,75**	-
Operating cash flow	166	94	77	540	351	54

CEO's Overview