Strong development for all business areas
In today’s six-month interim report 2012, Nolato reports strong development for all business areas. The Group’s sales rose by 37% to SEK 1,046 million (766), operating income (EBITA) increased to SEK 81 million (53) and earnings per share increased to SEK 2.05 (1.33).
“It is very pleasing that our strong development has continued during the second quarter,” says Nolato’s CEO Hans Porat.
The Nolato Medical business area saw sales rise by 34% to SEK 315 million (235). Operating income (EBITA) increased to SEK 36 million (29) and the EBITA margin amounted to 11.4% (12.3). The newly acquired British company, Nolato Jaycare, was consolidated from 1 April and accounted for SEK 68 million of the business area’s sales.
“Most of Nolato Medical’s customer segments experienced a good trend in volumes,” says Hans Porat. Product sales have developed in line with the market, while project-related sales remained lower. The integration of the British unit which was acquired during April has progressed according to plan and the acquisition has been favourably received by the customers.
Sales by the Nolato Telecom business area rose by 70% to SEK 423 million (249). Operating income (EBITA) increased to SEK 21 million (4) and the EBITA margin to 5.0% (1.6).
“Demand for the new mobile phone-related products which were started up during the quarter has been very strong,” comments Hans Porat. The gradual renewal of the product portfolio and a high level of capacity utilisation have had a positive impact on the margin.
Sales by the Nolato Industrial business area rose by 9% to SEK 309 million (283). Operating income (EBITA) increased to SEK 29 million (27) and the EBITA margin amounted to 9.4% (9.5).
“Stable demand for existing products, advanced market positions and good volumes for new products have contributed to the higher sales,” says Hans Porat.
Nolato’s financial position remains strong. At the end of the half-year, net debt amounted to SEK 369 million (111) and the equity-assets ratio to 42% (50).