Nolato AB Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
July 20, 2023 at 07:00 am EDT
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Nolato AB (publ) reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was SEK 2,478 million compared to SEK 2,905 million a year ago. Net income was SEK 155 million compared to SEK 190 million a year ago. Basic earnings per share from continuing operations was SEK 0.58 compared to SEK 0.71 a year ago. Diluted earnings per share from continuing operations was SEK 0.58 compared to SEK 0.71 a year ago.
For the six months, sales was SEK 4,954 million compared to SEK 5,784 million a year ago. Net income was SEK 291 million compared to SEK 391 million a year ago. Basic earnings per share from continuing operations was SEK 1.08 compared to SEK 1.45 a year ago. Diluted earnings per share from continuing operations was SEK 1.08 compared to SEK 1.45 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 
