Significant improvement in earnings for the Nolato Group Nolato is pleased to report a significant improvement in earnings, with excellent profit margins during the fourth quarter for Nolato Telecom and Nolato Medical. Sales rose by 5 percent to sek 634 m (603), with operating income (ebita) up 44 percent to sek 65 m (45). A dividend for 2007 of sek 3.00 per share (2.40) has been proposed, representing an increase of 25 percent compared with the previous year. “The significant improvement in earnings is due to factors such as strong growth within Nolato Telecom, where earnings rose 50 percent to SEK 27 M (18),” explains Nolato's CFO, Per-Ola Holmström. “Nolato Telecom's sales totalled SEK 241 M (277). During 2007, the business area continued to build up relationships with key customers, winning a number of major system projects, starting production during the second half of 2007 and during 2008.” Nolato Medical saw a 77 percent rise in sales to sek 147 m (83), and earnings which more than doubled to sek 25 m (12). Acquisitions, a successful focus on Europe, and growth in volumes with existing customers all contributed towards this healthy growth. Organic growth for the fourth quarter was 14 percent. “Both Nolato Telecom and Nolato Medical experienced a high degree of capacity utilization, which had a positive impact on the operating margin,” he continues. “Nolato Telecom also enjoyed successful new project start-ups for mobile phone customers.” Consolidated sales for 2007 as a whole totalled sek 2,454 m (2,702), with operating income (ebita) excluding non-recurring items of sek 207 m (209), net income up at sek 151 m (48) and earnings per share up at sek 5.74 (1.82). Cash flow after investments rose to sek 227 m (142), excluding acquisitions and disposals. The Annual Meeting will be held on April 28 at 18:00 in Grevie. --------------------------------------------------------------------------- For further information, please contact: Per-Ola Holmström, CFO, telephone +46 431 44 22 93 or mobile phone +46 705 76 33 40 The Nolato Group is a high-tech developer and manufacturer of polymer components and product systems for leading customers in telecommunications, automotive products, white goods, medical technology, pharmaceuticals, hygiene and other selected industrial sectors. The Group has operations in Sweden, China, Hungary, Japan, Malaysia, Norway, Poland and Czech Republic. Nolato's shares are quoted in the OMX Nordic Exchange, Small Cap, Information Technology. www.nolato.com
Significant improvement in earnings for the Nolato Group
| Source: Nolato AB