Bulten Turns To Loss In Q3, Stock Falls

(RTTNews) - Bulten AB (publ) (0P49.L), Tuesday announced a decline in third-quarter earnings and sales, primarily due to a cyberattack, which caused a total supply shutdown in the latter part of the quarter.

Loss after tax amounted to SEK 22 million compared with earnings after tax of SEK 38 million in the previous year.

On adjusted basis, loss after tax stood at SEK 14 million compared with earnings after tax of SEK 38 million last year.

Loss per share was SEK 1.37 compared with earnings per share of SEK 1.56 in the prior year.

Net sales declined to SEK 1.034 billion from last year's SEK 1.333 billion.

Currently, Bulten's stock is falling 10.50 percent, to SEK 46.90 on the London Stock Exchange.