Successful start-up of new FSP contracts; divestment of Finnveden
Metal
Structures concluded.
SECOND QUARTER – CONTINUING OPERATIONS

  · Net
sales reached SEK 618 million (479), up 29.0% on the same period last
year.
  ·
Earnings (EBIT) were SEK 37 million (39), which correspond to an
operating
margin of 6.0% (8.2).
  · Profit after tax was SEK 26 million (53)
and SEK 26 million (26) when
adjusted for non-recurring items during last year
relating to a tax receivable
for deduction of interest in accordance with the
verdict of the Administrative
Court of Appeal.
  · Order bookings amounted to
SEK 649 million (466), up 39.3% on the same
period last year.
  · Cash flow
from current activities was SEK -59 million (42), driven by the
considerable
expansion and operating capital tied up.
  · Earnings per share were SEK 1.30
(2.52). Adjusted for non-recurring items,
earnings per share were SEK 1.30
(1.24).
  · The Finnveden Metal Structures division was divested to American
Shiloh
Industries Inc.
  · Profit after tax from discontinued operations was
SEK 64 million (-14),
which includes consolidated capital gains of SEK 54
million from the divestment
of the Finnveden Metal Structures division as of 30
June 2014.

JANUARY–JUNE – CONTINUING OPERATIONS

  · Net sales reached SEK
1,200 million (898), up 33.6% on the same period last
year.
  · Earnings (EBIT)
reached SEK 70 million (59), which correspond to an
operating margin of 5.9%
(6.6).
  · Profit after tax was SEK 49 million (65) and SEK 49 million (38)
when
adjusted for non-recurring items during last year relating to a tax
receivable
for an interest deduction in accordance with the verdict of the
Administrative
Court of Appeal.
  · Order bookings amounted to SEK 1,281
million (951), up 34.6% on the same
period last year.
  · Cash flow from
current activities was SEK -85 million (68), driven by the
considerable
expansion and operating capital tied up.
  · Net cash was SEK 137 million
(-226). Equity was 64.7% at the end of the
period.
  · Earnings per share were
SEK 2.39 (3.10). Adjusted for non-recurring items,
earnings per share were SEK
1.46 (1.82).
  · Profit after tax from discontinued operations was SEK 85
million (-20),
which includes consolidated capital gains of SEK 54 million from
the sale of the
Finnveden Metal Structures as of 30 June 2014.

IMPORTANT
EVENTS AFTER THE END OF THE REPORTING PERIOD

  · A new President and CEO,
Tommy Andersson, along with a new Executive Vice
President and management team
for FinnvedenBulten took up their positions on 1
July 2014.
  · FinnvedenBulten
AB has called an Extraordinary General Meeting on 19 August
2014 for resolution
on amending the articles of association regarding change of
firm to Bulten
AB.

“In 2014 Bulten has taken significant steps forward on the market. In a
short
period of time we have successfully started two new extensive Full
Service
Provider (FSP) projects with leading automotive makers at full-volume
production
levels. Both projects are now being optimised in terms of
distribution between
own production and trading, which is expected to lead to
gradual improvements in
margins. We have also clearly strengthened our position
and have established a
strong trust as supplier to the international automotive
sector. Bulten is now
market leader in Europe for FSP related solutions.

  In
Q2 the start-up in Russia was intensified and we expect production to start
in
September. The Russian establishment added to our FSP business and
a
significantly stronger financial position following the sale of
division
Finnveden Metal Structures mean that we have very good prospects for
continued
organic growth. The goals for the new management team and I are to
continue
building a world leading FSP supplier of fasteners with good
profitability and
with a highly effective production and purchasing
organization that secures
quality at every stage.”

Tommy Andersson, President
and CEO

Investors, analysts and media are invited to participate in the
teleconference
on July 11 at 11:00 CET when the report will be presented by
FinnvedenBulten’s
President and CEO Tommy Andersson and the company’s EVP and
CFO Helena
Wennerström.

To participate, please call 5 minutes before the
opening of the conference call
to Sweden +46 8 506 443 86, UK +44 207 153 9154,
US +1 877 423 0830. Code:
348020#.

Copies of the presentation will be
available at www.finnvedenbulten.com at
approximately 30 minutes before
start.

A replay of the telephone conference is available until July 25, 2014
on the
phone numbers Sweden +46 8-505 564 73, UK +44 203 364 5200, USA +1 877
679 2989.
Code: 352471#.

The full report is attached to this press
release.

For further information, please contact:

Tommy Andersson, President
and CEO

Tel: + 46 31-734 59 00

Kamilla Oresvärd, Senior Vice President
Corporate Communications

Tel: +46 70-520 59 17, e-mail:
kamilla.oresvard@finnvedenbulten.com

NB: The information in this announcement
is required to be disclosed by
FinnvedenBulten AB (publ) under the Swedish
Securities Markets Act and/or the
Financial Instruments Trading Act. The
information was submitted for publication
at 08:30 CET on July 11,
2014.

Bulten, part of FinnvedenBulten, is one of the largest suppliers of
fasteners to
the European automotive industry. The product range spans from
customer specific
standard products to customized special fasteners and
comprise technological
development, line feeding, logistics, materials and
production know how. Bulten
offers a Full Service Provider concept or parts
thereof. FinnvedenBulten is
listed on NASDAQ OMX Stockholm. Further information
at www.finnvedenbulten.com
and www.bulten.com.