Nolato AB Reports Earnings Results for the Third Quarter Ended September 30, 2020
October 23, 2020 at 08:30 am EDT
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Nolato AB (publ) announced earnings results for the third quarter ended September 30, 2020. For the third quarter, the company announced sales was SEK 2,500 million compared to SEK 1,980 million a year ago. Operating income was SEK 282 million compared to SEK 236 million a year ago. Net income was SEK 211 million compared to SEK 186 million a year ago. For the nine months, sales was SEK 6,872 million compared to SEK 5,623 million a year ago. Operating income was SEK 774 million compared to SEK 641 million a year ago. Net income was SEK 595 million compared to SEK 497 million 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.