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Nolato

Nolato

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Nolato provides update on first-quarter financial performance

08:15 / 24 March 2022 Nolato Press release

Overall, Nolato expects the Group’s net sales for the first quarter of 2022 to be in line with the same period last year and amount to around SEK 2.7 billion, with an EBITA margin in the region of 9%.

Nolato’s net sales in the first quarter have been adversely affected by the restricted supply of components, which has forced some customers to close or reduce production capacity periodically, as well as by a shortage of raw materials and labor as a result of the pandemic. The Integrated Solutions business area, in particular, is seeing lower end-customer sales because of the situation that has arisen and escalated in Eastern Europe. Overall, this means that the Group’s three business areas will report net sales in line with each of the business areas’ net sales in the first quarter of 2021.

The EBITA margin of the Group and each of the business areas is also being adversely affected by the aforementioned factors and lower volumes.

Overall, Nolato consequently expects the Group’s net sales for the first quarter of 2022 to be around SEK 2.7 billion, with an EBITA margin in the region of 9%.

Nolato’s full interim report for the first quarter will be published on May 3.

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MFN

This information was distributed by MFN https://www.mfn.se/