{"id":185,"date":"2016-07-19T12:30:00","date_gmt":"2016-07-19T12:30:00","guid":{"rendered":"https:\/\/nolato.wpengine.com\/?mfn_news=improved-cash-flow-and-continued-strong-financial-position"},"modified":"2016-07-19T12:30:00","modified_gmt":"2016-07-19T12:30:00","slug":"improved-cash-flow-and-continued-strong-financial-position","status":"publish","type":"mfn_news","link":"https:\/\/temporary.nolato.com\/es\/mfn_news\/improved-cash-flow-and-continued-strong-financial-position\/","title":{"rendered":"Improved cash flow and continued strong financial position"},"content":{"rendered":"
<\/strong><\/div>\n

Today\u2019s report by Nolato for the first half of 2016 posts a very strong performance by Nolato Medical and significant lower volumes for Nolato Telecom.<\/span><\/p>\n

\u2022 Sales totalled SEK 1,037 million (1,280)
\u2022 Operating profit (EBITA) was SEK 110 million (167)
\u2022 The EBITA margin was 10.6% (13.0)
\u2022 Profit after tax was SEK 79 million (125)
\u2022 Earnings per share were SEK 3.00 (4.75)
\u2022 Cash flow after investments was SEK 61 million (\u201352)<\/span><\/p>\n

\u201cAdjusted for currency, sales in the second quarter decreased by 17% compared with the year-earlier period,\u201d noted Nolato\u2019s President and CEO, Christer Wahlquist. \u201cThe decline is entirely within Nolato Telecom, where volumes were exceptionally strong the previous year.\u201d<\/span><\/p>\n

Nolato Medical\u2019s sales increased to SEK 397 million (365), which when adjusted for currency represents an increase of 12%. Operating profit (EBITA) increased to SEK 53 million (47), with an EBITA margin of 13.4% (12.9).<\/span><\/p>\n

\u201cVolumes have increased in both Medical Devices and Pharma Packaging and most customer segments experienced healthy growth,\u201d commented Christer Wahlquist.<\/span><\/p>\n

Nolato Telecom\u2019s sales amounted to SEK 311 million (584), which when adjusted for currency is a drop of 44%. Operating profit (EBITA) totalled SEK 28 million (101), with an EBITA margin of 9.0% (17.3).<\/span><\/p>\n

\u201cLast year volumes were very strong for Nolato Telecom owing to extremely high demand for customers\u2019 mobile phone models on the consumer market. Combined with a favourable product mix, this led to an exceptionally strong operating margin in the second quarter of 2015,\u201d said Christer Wahlquist.<\/span><\/p>\n

Nolato Industrial\u2019s sales were SEK 331 million (332); adjusted for currency, sales levels were unchanged. Operating income totalled SEK 34 million (34), with an EBITA margin of 10.3% (10.2).<\/span><\/p>\n

\u201cProduction volumes mainly within the automotive segment showed positive performance, while project revenue fell slightly short of volumes for the year-earlier period,\u201d noted Christer Wahlquist.<\/span><\/p>\n

Cash flow in the second quarter increased to SEK 61 million (\u201352). The improvement is largely due to lower investments compared with the same period in 2015. The Group\u2019s financial position remains strong, with net debt of SEK 55 million (101) and an equity\/assets ratio of 56% (49).<\/span><\/p>\n

———
<\/span>For further information, please contact:
<\/span>Christer Wahlquist, President and CEO, +46 (0)705 804848
<\/span>Per-Ola Holmstr\u00f6m, CFO, +46 (0)705 763340<\/span><\/em><\/p>\n

Nolato is a Swedish group with operations in Europe, Asia and North America. We develop and manufacture products in polymer materials such as plastic, silicone and TPE for leading customers within medical technology, pharmaceuticals, telecom, automotive, hygiene and other selected industrial sectors. Nolato\u2019s shares are listed on Nasdaq Stockholm in the Mid Cap segment, where they are included in the Industrials sector.<\/span><\/em><\/span><\/p>\n

This information is information that Nolato AB is obliged to make public pursuant to the EU Market Abuse Regulation and the Securities Markets Act. The information was submitted for publication, through the agency of the contact persons set out above, at 2.30 pm CET on 19 July, 2016.<\/span><\/em><\/span><\/p>\n

www.nolato.com<\/span><\/a><\/em><\/span><\/p>\n

<\/div>\n","protected":false},"excerpt":{"rendered":"

Today\u2019s report by Nolato for the first half of 2016 posts a very strong performance by Nolato Medical and significant lower volumes for Nolato Telecom. \u2022 Sales totalled SEK 1,037 million (1,280)\u2022 Operating profit (EBITA) was SEK 110 million (167)\u2022 The EBITA margin was 10.6% (13.0)\u2022 Profit after tax was SEK 79 million (125)\u2022 Earnings… Continue reading Improved cash flow and continued strong financial position<\/span><\/a><\/p>\n","protected":false},"template":"","class_list":["post-185","mfn_news","type-mfn_news","status-publish","hentry","mfn-news-tag-mfn-lang-en","mfn-news-tag-mfn-report-interim","mfn-news-tag-mfn-type-ir","mfn-news-tag-mfn-regulatory-mar","mfn-news-tag-mfn","mfn-news-tag-mfn-report-interim-q2","mfn-news-tag-mfn-regulatory","mfn-news-tag-mfn-report","mfn-news-tag-mfn-regulatory-vpml","entry"],"translation":{"provider":"WPGlobus","version":"3.0.0","language":"es","enabled_languages":["en","es","de","fr","ru","sv"],"languages":{"en":{"title":true,"content":true,"excerpt":false},"es":{"title":false,"content":false,"excerpt":false},"de":{"title":false,"content":false,"excerpt":false},"fr":{"title":false,"content":false,"excerpt":false},"ru":{"title":false,"content":false,"excerpt":false},"sv":{"title":false,"content":false,"excerpt":false}}},"_links":{"self":[{"href":"https:\/\/temporary.nolato.com\/es\/wp-json\/wp\/v2\/mfn_news\/185","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/temporary.nolato.com\/es\/wp-json\/wp\/v2\/mfn_news"}],"about":[{"href":"https:\/\/temporary.nolato.com\/es\/wp-json\/wp\/v2\/types\/mfn_news"}],"wp:attachment":[{"href":"https:\/\/temporary.nolato.com\/es\/wp-json\/wp\/v2\/media?parent=185"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}