Nolato AB

Latest Results (23.05.2024):

Revenue Overview

In the first quarter of 2024, Nolato AB reported consolidated sales amounting to SEK 2,442 million, a slight decrease from SEK 2,476 million in the same period the previous year. This change represents a 2% decrease when adjusted for currency effects and acquisitions. The Medical Solutions segment saw a growth of 2%, while the newly formed Engineered Solutions experienced a decline in sales.

Profitability Enhancement

Nolato AB's operating profit (EBITA) for the first quarter of 2024 increased significantly to SEK 238 million from SEK 193 million in the first quarter of 2023. This improvement was primarily driven by a higher EBITA margin, which rose from 7.8% to 9.7%. The increase in margin was notably strong in the Engineered Solutions segment, which jumped from 5.9% to 9.5% due to favorable product mix and cost adjustments in the Chinese business.

Earnings Per Share Growth

The company's earnings per share, both basic and diluted, increased from SEK 0.50 in the first quarter of 2023 to SEK 0.60 in the same period in 2024. This growth in earnings per share reflects the overall improvement in profitability and operational efficiency within Nolato AB during the quarter.

Financial Position and Cash Flow

Nolato AB maintained a strong financial position in the first quarter of 2024, with cash flow from operating activities rising to SEK 136 million from SEK 75 million in the previous year. The company's net financial liabilities in relation to adjusted operating profit (EBITDA) stood at 0.8 times, indicating a healthy balance sheet and financial stability.

Outlook and Future Developments

Looking ahead, Nolato AB has secured a significant long-term cooperation agreement expected to generate substantial sales in the future. This agreement, focusing on the supply of medical devices for administering medication, underlines Nolato's strategic focus on growing alongside its global customers and enhancing its market position through innovative solutions and strong customer relationships.