Bufab AB's Q2 sales slipped to SEK 1.85B as European industrial demand softened, but operating margin held at 11.6%. Order intake fell 4%, signaling persistent headwinds into H2.
Bufab AB posted second-quarter results that showed a dip in sales as industrial demand softened, though margins held relatively steady. The company reported net sales of SEK 1.85 billion for the quarter, down from SEK 1.92 billion a year earlier. Operating profit came in at SEK 215 million, compared with SEK 234 million in the same period last year. The operating margin narrowed to 11.6% from 12.2%.
The Swedish fastener and components distributor said the decline reflected weaker demand from European industrial customers, particularly in the automotive and general manufacturing sectors. Bufab's gross margin improved slightly to 33.8% from 33.5%, helped by a favorable product mix and cost controls. Cash flow from operations was SEK 180 million, down from SEK 210 million, as working capital edged higher.
Bufab's order intake fell 4% year-over-year in the quarter, signaling that the demand headwinds are persisting into the second half. The company maintained its full-year outlook, citing a stable underlying margin structure and a diversified customer base across 30 countries. Bufab shares trade on Nasdaq Stockholm under the ticker BUFAB.
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