Nolato AB Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2023
February 06, 2024 at 08:00 am EST
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Nolato AB (publ) reported earnings results for the fourth quarter and full year ended December 31, 2023. For the fourth quarter, the company reported sales was SEK 2,252 million compared to SEK 2,364 million a year ago. Net income was SEK 75 million compared to SEK 146 million a year ago. Basic earnings per share from continuing operations was SEK 0.28 compared to SEK 0.54 a year ago. Diluted earnings per share from continuing operations was SEK 0.28 compared to SEK 0.54 a year ago.
For the full year, sales was SEK 9,546 million compared to SEK 10,774 million a year ago. Net income was SEK 435 million compared to SEK 697 million a year ago. Basic earnings per share from continuing operations was SEK 1.61 compared to SEK 2.59 a year ago. Diluted earnings per share from continuing operations was SEK 1.61 compared to SEK 2.59 a year ago.
Nolato AB is a Sweden-based company engaged in the development and manufacture of polymer product systems for customers in medical technology, pharmaceuticals, consumer electronics, telecom, automotive products, hygiene and other industrial sectors. The Companyâs operations are divided into three operating segments. The Medical Solutions segment develops and manufactures complex product systems and components for medical devices, the pharmaceutical industry and diagnostics. The Integrated Solutions segments offers a wide range of technologies and expertise in a one-stop shop for areas including injection molding, casting, die-cutting, painting, decoration, assembly, testing and packaging of electronic products. The Industrial Solutionssegment develops and manufactures components and product systems for customers in the automotive industry, hygiene, packaging, gardening/ forestry, domestic appliances, furniture and other selected industrial segments. The Company operates worldwide.
NOLATO AB 
