Bulten has reported a declined financial result for 2025, with EBITDA and net sales dropping by 28.6% and 13.1% respectively.
The company’s net sales dropped to SEK 5,045 million, down from SEK 5,805 million in 2024. About 75% of Bulten’s net sales in 2025 were attributable to light vehicles, 9.8% to commercial vehicles and 16.1% to other. Also, 68.3% of total sales were attributable to direct deliveries to vehicle manufacturers (OEMs) and the remaining 31.7% to their suppliers and others.
EBITDA decreased to SEK 355 million, down from SEK 497 million in 2024.
Bulten highlighted several significant event in 2025 which affected its business. For example, during Q1 2025, anti-dumping duties had a negative impact on earnings of approximately SEK 45 million. The duties were related to imports into the European Union while the company has initiated an appeal process for a significant portion of the amount.
Meanwhile in June 2025, Bulten initiated a strategic review aimed at strengthening the company’s long-term competitiveness, resulting in restructuring costs of SEK 25 million. At the end of August, one of the company’s largest customers was exposed to a cyberattack, which led to temporary production stoppages and reduced deliveries. The event had a material impact on sales during Q3.
“2025 was a challenging year for Bulten, characterised by weaker market conditions and a number of external events that impacted the Group’s performance,” said Axel Berntsson, President and CEO of Bulten. “Cost reduction measures were initiated during the year as part of the transition towards a more streamlined and efficient structure. Together with continued focus on working capital, these actions are intended to strengthen resilience and support improved profitability over time.”
Moving forward, the company aims to evolve from a contract manufacturer with a primary focus on the automotive industry into a global partner for uptime and precision, combining C-parts distribution with specialised component manufacturing. This direction reflects a shift towards areas with higher value creation, closer customer integration and more attractive long-term profitability, while maintaining Bulten’s strengths in industrial manufacturing, quality, sustainability and global supply capabilities.
To support its new strategic direction, Bulten is focusing on several key priorities designed to modernise its operations and market position. First, the company is rebalancing its portfolio by gradually increasing exposure to high-growth areas outside of traditional automotive applications. This shift is intended to reduce dependency on specific sectors and regions, creating a more diversified and resilient business model.
To ensure long-term sustainability, the company is improving profitability and efficiency by transitioning to a more streamlined operating model. This transition is being supported by targeted cost-reduction measures, more effective working capital management, and a refined manufacturing footprint.
Finally, Bulten is committed to disciplined growth and capital allocation. Every growth opportunity is evaluated with a rigorous focus on profitability, cash flow and overall strategic fit. This includes a willingness to pursue selective acquisitions, provided they align with the company’s core objectives and financial standards.
