Bulten BULTEN.ST · SEK

Consumer Discretionary · Nasdaq Stockholm · 🇸🇪 Sweden

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83.60

-1.30%

Close of 9 Nov 2026, in SEK

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Reference data, closing prices and charts across 45,000 companies, plus crypto, commodities and currencies.

At a glance

Figures in SEK, from our data supplier.

FY2025

Revenue

SEK 5.04bn

FY2016FY2025

Net income

−SEK 11.0m

FY2016FY2025

Free cash flow

SEK 259.0m

FY2016FY2025

Shareholders' equity

SEK 1.72bn

FY2016FY2025

Income statement

Fiscal years

	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016
Revenue	SEK 5.04bn	SEK 5.81bn	SEK 5.76bn	SEK 4.47bn	SEK 3.73bn	SEK 3.19bn	SEK 3.09bn	SEK 3.13bn	SEK 2.86bn	SEK 2.68bn
Gross profit	SEK 928.0m	SEK 1.07bn	SEK 968.0m	SEK 826.0m	SEK 710.0m	SEK 567.0m	SEK 543.0m	SEK 586.0m	SEK 558.0m	SEK 530.8m
Operating income	SEK 140.0m	SEK 301.0m	SEK 230.0m	SEK 261.0m	SEK 232.0m	SEK 104.0m	SEK 98.0m	SEK 210.0m	SEK 199.0m	SEK 200.1m
Net income	−SEK 11.0m	SEK 135.0m	SEK 103.0m	SEK 74.0m	SEK 143.0m	SEK 55.0m	SEK 53.0m	SEK 146.0m	SEK 162.0m	SEK 148.1m
Diluted earnings per share	-0.52	6.43	4.91	3.53	6.81	2.62	2.60	7.25	7.92	7.27

Balance sheet

At each fiscal year end

	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016
Total assets	SEK 4.45bn	SEK 5.10bn	SEK 4.85bn	SEK 4.36bn	SEK 3.42bn	SEK 3.07bn	SEK 2.71bn	SEK 2.34bn	SEK 2.18bn	SEK 1.97bn
Cash and short-term investments	SEK 289.0m	SEK 350.0m	SEK 340.0m	SEK 451.0m	SEK 242.0m	SEK 236.0m	SEK 64.0m	SEK 18.0m	SEK 48.0m	SEK 108.6m
Total liabilities	SEK 2.68bn	SEK 3.05bn	SEK 3.01bn	SEK 2.53bn	SEK 1.73bn	SEK 1.55bn	SEK 1.21bn	SEK 824.0m	SEK 724.0m	SEK 612.3m
Debt	SEK 441.0m	SEK 1.73bn	SEK 1.67bn	SEK 1.36bn	SEK 880.0m	SEK 677.0m	SEK 618.0m	SEK 187.0m	SEK 86.0m	SEK 64.1m
Shareholders' equity	SEK 1.72bn	SEK 2.01bn	SEK 1.80bn	SEK 1.80bn	SEK 1.66bn	SEK 1.50bn	SEK 1.48bn	SEK 1.50bn	SEK 1.44bn	SEK 1.34bn
Shares outstanding	21m	21m	21m	21m	21m	21m	20m	20m	20m	20m

Cash flow

Fiscal years

	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016
Cash from operations	SEK 429.0m	SEK 319.0m	SEK 353.0m	SEK 298.0m	SEK 48.0m	SEK 447.0m	SEK 207.0m	SEK 125.0m	SEK 58.0m	SEK 350.7m
Capital spending	−SEK 170.0m	−SEK 204.0m	−SEK 148.0m	−SEK 267.0m	−SEK 170.0m	−SEK 54.0m	−SEK 218.0m	−SEK 165.0m	−SEK 123.0m	−SEK 82.4m
Free cash flow	SEK 259.0m	SEK 115.0m	SEK 205.0m	SEK 31.0m	−SEK 122.0m	SEK 393.0m	−SEK 11.0m	−SEK 40.0m	−SEK 65.0m	SEK 268.3m
Dividends paid	−SEK 58.0m	−SEK 52.0m	−SEK 52.0m	−SEK 47.0m	−SEK 42.0m	−SEK 42.0m	−SEK 80.0m	−SEK 76.0m	−SEK 92.0m	−SEK 66.2m

Latest quarters

By quarter end

	Jun 2026	Mar 2026	Dec 2025	Sept 2025	Jun 2025	Mar 2025	Dec 2024	Sept 2024
Revenue	SEK 779.0m	SEK 1.25bn	SEK 1.24bn	SEK 1.03bn	SEK 1.34bn	SEK 1.43bn	SEK 1.48bn	SEK 1.33bn
Gross profit	SEK 188.0m	SEK 252.0m	SEK 230.0m	SEK 193.0m	SEK 253.0m	SEK 252.0m	SEK 242.0m	SEK 251.0m
Operating income	SEK 64.0m	SEK 75.0m	SEK 7.0m	SEK 7.0m	SEK 61.0m	SEK 43.0m	SEK 20.0m	SEK 91.0m
Net income	−SEK 1.04bn	SEK 30.0m	−SEK 5.0m	−SEK 28.0m	SEK 14.0m	SEK 8.0m	—	SEK 33.0m
Diluted earnings per share	-49.65	1.43	-0.24	-1.33	0.67	0.38	—	1.57
Cash from operations	SEK 123.0m	SEK 22.0m	SEK 48.0m	SEK 183.0m	SEK 127.0m	SEK 71.0m	SEK 150.0m	−SEK 61.0m
Capital spending	−SEK 5.0m	−SEK 9.0m	−SEK 25.0m	−SEK 27.0m	−SEK 55.0m	−SEK 63.0m	−SEK 72.0m	−SEK 41.0m
Free cash flow	SEK 118.0m	SEK 13.0m	SEK 23.0m	SEK 156.0m	SEK 72.0m	SEK 8.0m	SEK 78.0m	−SEK 102.0m
Total assets	SEK 3.42bn	SEK 4.45bn	SEK 4.45bn	SEK 4.61bn	SEK 4.83bn	SEK 4.86bn	SEK 5.10bn	SEK 5.02bn
Cash and short-term investments	SEK 226.0m	SEK 261.0m	SEK 289.0m	SEK 269.0m	SEK 297.0m	SEK 336.0m	SEK 350.0m	SEK 298.0m
Debt	SEK 927.0m	SEK 1.05bn	SEK 525.0m	SEK 1.47bn	SEK 1.67bn	SEK 1.71bn	SEK 1.73bn	SEK 1.31bn
Shareholders' equity	SEK 785.0m	SEK 1.79bn	SEK 1.72bn	SEK 1.76bn	SEK 1.82bn	SEK 1.86bn	SEK 2.01bn	SEK 1.95bn

Growth per year

Compound annual rate

	3 years	5 years	10 years
Revenue	4.1%	9.6%	6.5%
Operating income	-18.7%	6.1%	-1.6%

Average margins

Over each period

	1 year	3 years	5 years	10 years
Gross margin	18.4%	18.0%	18.1%	18.4%
Operating margin	4.1%	4.4%	4.5%	5.0%
Net margin	1.1%	1.4%	1.8%	2.6%

Valuation history

At each fiscal year end

	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016
Price to earnings	-98.1	11.3	16.3	16.9	13.7	34.3	30.3	12.2	15.5	12.2
Price to sales	0.2	0.3	0.3	0.3	0.5	0.6	0.5	0.6	0.9	0.7

Dividends and splits

Per share, in the currency the company pays

Paid for 5 years. Last went ex-dividend on 30 Apr 2025.

	FY2025	FY2024	FY2023	FY2022	FY2021	FY2019	FY2018	FY2017
Paid in the year	5.50	2.50	2.50	2.25	2.00	4.00	3.75	3.50

Sources and methodology

Data on this tab: Our data supplier
Chart on the Overview: TradingView

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Bulten BULTEN.ST · SEK

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At a glance

Income statement

Balance sheet

Cash flow

Latest quarters

Growth per year

Average margins

Valuation history

Dividends and splits

Sources and methodology