“We’re very pleased indeed that our strong performance continued in the third quarter,” says President and CEO of Nolato, Hans Porat.
Sales of the Nolato Medical business area rose 8% to SEK 310 million (288), which was well in line with market growth. Operating profit (EBITA) increased to SEK 41 million (32), and the EBITA margin rose to 13.2% (11.1).
“Most of the business area’s customer segments enjoyed solid volumes,” says Hans Porat. “The margin was positively affected by a favourable product mix.”
Sales of the Nolato Telecom business area rose 16% to SEK 516 million (444). Operating profit (EBITA) totalled SEK 35 million (35), with an EBITA margin of 6.8% (7.9).
“The gradual renewal of the product portfolio in the second half of the year, with a slightly higher proportion of materials, affected the margin,” comments Hans Porat.
Sales of the Nolato Industrial business area rose 9% to SEK 293 million (268). Operating profit (EBITA) climbed to SEK 33 million (24), and the EBITA margin to a very strong 11.3% (9.0).
“Volumes were stable and during the holiday period, there was higher demand this year than in the same period last year. Combined with high productivity and a favourable product mix, this gave a positive effect on the margin,” says Hans Porat.
Nolato’s Board resolved at its meeting today on the extension of the Hungarian factory by a further 3,700 square metres in order to enable further future expansion.
Nolato’s financial position remains strong. Return on capital employed for the past 12-month period was 25.5% (17.8). Net debt stood at SEK 75 million (323), with an equity/assets ratio of 45% (43).
The year-end report for 2013 will be released on 4 February 2014.
The AGM will be held on 28 April 2014.
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For further information, please contact:
Hans Porat, President and CEO, +46 (0)705 517550
Per-Ola Holmström, CFO, +46 (0)705 763340
Nolato is a high-tech developer and manufacturer of polymer products for leading customers in medical technology, telecommunications, hygiene, automotive and other selected industrial sectors.
Its B shares are listed on the NASDAQ OMX Stockholm. 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 24 October 2013 at 2.30 pm.