Weak demand within Nolato Telecom during the quarter. Strong improvement for other business areas.
In today’s three-month interim report, Nolato has reported sales of SEK 759 million (746) and operating income (EBITA) of SEK 44 million (63). Earnings per share stood at SEK 1.06 (1.71), with cash flow after investments of SEK 111 million (0).“As announced previously, a drop in demand for Nolato Telecom’s existing product portfolio had a negative impact on sales and income for the first quarter,” says Hans Porat, President and CEO of Nolato. “Following a strong start at the beginning of the year, demand fell dramatically following the Chinese New Year in early February.“However,