Nolato AB Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
October 26, 2023 at 08:00 am EDT
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Nolato AB (publ) reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was SEK 2,340 million compared to SEK 2,626 million a year ago. Net income was SEK 69 million compared to SEK 160 million a year ago. Basic earnings per share from continuing operations was SEK 0.26 compared to SEK 0.59 a year ago. Diluted earnings per share from continuing operations was SEK 0.26 compared to SEK 0.59 a year ago.
For the nine months, sales was SEK 7,294 million compared to SEK 8,410 million a year ago. Net income was SEK 360 million compared to SEK 551 million a year ago. Basic earnings per share from continuing operations was SEK 1.34 compared to SEK 2.05 a year ago. Diluted earnings per share from continuing operations was SEK 1.34 compared to SEK 2.05 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 
