Global Fastener News

Finnveden Profit Improves

May 07
00:00 2004

Finnveden Profit Improves

Jason Sandefur

Swedish supplier Finnveden reported sales for the first quarter of 2004 rose 4% to SEK 1.27 billion (US$166.4 million), while operating profit gained 56% to SEK 92.1 million. With all divisions reported decent profits, the company’s fasteners and powertrain business units contributed most of the company’s Q1 profit growth. Finnveden”s fastener segment won delivery contracts for the development and supply of fasteners to Ford, Volvo Cars and Land Rover. Web: finnveden.se �2004 FastenerNews.com

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