Nolato reports healthy earnings and a strong financial position
Nolato is pleased to report extremely healthy earnings for 2008 as a whole. Sales rose by 17 percent to SEK 2,800 M (2,400), with operating income (EBITA) up 18 percent to SEK 240 M (204). Cash flow stood at SEK 296 M (227) and the equity/assets ratio was 50 percent (46).“Overall, 2008 was one of Nolato’s best years ever,” says President and CEO Hans Porat. “Our healthy earnings and strong financial position provide a sound foundation on which to face the economic downturn, thus enabling us to continue doing good business in the future.“Two out of our three business areas – Nolato