Nolato AB Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
July 20, 2022 at 08:00 am EDT
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Nolato AB (publ) reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported sales was SEK 2,905 million compared to SEK 2,786 million a year ago. Net income was SEK 190 million compared to SEK 291 million a year ago. Basic earnings per share from continuing operations was SEK 0.71 compared to SEK 1.09 a year ago. Diluted earnings per share from continuing operations was SEK 0.71 compared to SEK 1.08 a year ago.
For the six months, sales was SEK 5,784 million compared to SEK 5,431 million a year ago. Net income was SEK 391 million compared to SEK 517 million a year ago. Basic earnings per share from continuing operations was SEK 1.45 compared to SEK 1.93 a year ago. Diluted earnings per share from continuing operations was SEK 1.45 compared to SEK 1.93 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 
