Lower volume than expected at Nolato Telecom

07-03-29 13:00

As a result of clearer seasonal variation, as well as continued low volume in a major customer project, Nolato estimates that the first quarter 2007 sales of its business area Nolato Telecom will be lower than previously estimated.

The current estimate is instead that Nolato Telecom sales will be about 35 percent lower than in the fourth quarter of 2006 (previous estimate: 20–25 percent lower), with a positive operating income in the range of SEK 5 M. Nolato’s estimate for other profit centers in its 2006 year end report remains unchanged.

Nolato now estimates that Nolato Telecom sales during the second quarter will be at about the same level as in the first quarter.

During the first quarter of 2007, Nolato received several major systems projects for mobile telephone customers with production scheduled to start in the second half of 2007 and in early 2008.

A complete interim report for the first quarter will be published on April 25.

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