Strong margin growth
In today’s first quarter interim report, Nolato reports an operating profit (EBITA) of SEK 94 million (122), and an operating margin of 10.1% (9.7). The reason for the strong margin is advanced market positions and sustained improvements in efficiency and productivity. Group sales stood at SEK 932 million (1,254), with cash flow after investments of SEK 17 million (16).
“Although sales for the quarter were clearly lower than last year, due to the expected downturn for Nolato Telecom, the Group has delivered a very strong margin. The strong margin is the result of the Group’s focus on lean manufacturing and our flexible production structure at Nolato Telecom, which quickly enables us to adapt costs,” says CEO of Nolato Hans Porat.
Nolato’s business model is based on close, lasting and innovative collaboration that creates added value for both customers and shareholders. The strategic work of recent years has resulted in a balanced Group structure and advanced market positions.
“Solid profitability has been and is our top priority. With advanced technology and a solid financial position, we are well equipped to invest for the future and continue to grow with our customers,” continues Hans Porat.
At the end of the first quarter, the equity/assets ratio was 54% (44) and net financial assets were SEK 133 million (–100).
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For further information, please contact:
Hans Porat, President and CEO, +46 705 517550
Per-Ola Holmström, CFO, +46 705 763340
Nolato is a Swedish group operating in Europe, Asia and North America. Sales in 2013 amounted to SEK 4.5 billion. We develop and manufacture products made from polymer materials such as plastic, silicone and TPE for leading customers in medical technology, pharmaceuticals, telecoms, automotive, hygiene and other selected industrial sectors. Nolato shares are listed on NASDAQ OMX Stockholm, where Nolato is a Mid Cap company in the Industrials sector.
The information is such which Nolato AB is obliged to disclose under the Swedish Securities Market Act and/or the Swedish Financial Instruments Trading Act. This information was made public on 28 April 2014 at 2.30 pm.
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