Nolato’s best year yet – Nolato temporary

In todays year-end report, Nolato reports an increase in sales by 30% to SEK 3,874 million (2,977) for the full year 2012. Operating profit (EBITA) rose by 52% to SEK 303 million (199) and earnings per share were SEK 7.68 (5.02). Cash flow after investments was strong an amounted to 317 million (112), excluding acquisitions. The Board proposes a dividend of SEK 6.00 (5.00), of which 2.50 (2.00) constitute an extra dividend due to the Group’s strong financial position.

“2012 was Nolato’s best year yet,” comments Hans Porat, President and CEO of Nolato.

Nolato Medical’s sale rose 26% to SEK 1,159 million (917). Operating profit (EBITA) rose 21% to SEK 133 million (110), with an EBITA margin of 11.5 procent (12.0).

“The majority of the business area’s customer segments experienced stable growth in volumes, and the product operations performed in line with market growth,” says Hans Porat.

Nolato Telecom’s sales rose 66% to SEK 1,548 million (935), of which onward sales of components amounted to SEK 0 million (95). Operating profit (EBITA) rose to SEK 96 million (11). The EBITA margin rose to 6.2% (1.2).

“Start-ups of new customer projects were implemented as planned and demand for the new products was strong,” says Hans Porat. The renewal of the product portfolio during the year combined with high and relatively stable capacity utilisation as of the second quarter improved the margin.

Nolato Industrial’s sales rose 4% to SEK 1,170 million (1,129). Operating profit (EBITA) totalled SEK 105 million (102), with a strong EBITA margin of 9.0% (9.0).

“Advanced market positions, new products and healthy demand until the end of the third quarter contributed to the higher sales,” comments Hans Porat. Nolato’s financial position remains strong. Net debt totalled SEK 78 million (82) and the equity/assets ratio was 46% (54).

The AGM will be held on 25 April 2013 in Grevie, Sweden.