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 sales
• Operating 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 share
• Bufab joined the Science Based Targets initiative
• Bufab’s Board of Directors decided on new financial targets until 2025
  

THE GROUP IN BRIEF

	Quarter 1		Δ	12-months rolling	Full year
SEK million	2021	2020	%	2021/20		2020
Order intake	1,481	1,321	12	4,987		4,827
Net sales	1,423	1,316	8	4,863		4,756
Gross profit	397	351	13	1,298		1,252
%	27.9	26.7		26.7		26.3
Operating expenses	-220	-226	-3	-765		-771
%	-15.5	-17.2		-15.7		-16.2
Operating profit (EBITA)	177	126	40	533		482
%	12.4	9.5		11.0		10.1
Operating profit	170	118	44	504		452
%	11.9	9.0		10.4		9.5
Profit after tax	119	86	38	332		299
Earnings per share, SEK	3.18	2.31	38	8.91		8.04