Brief: Nolato Proposes Unchanged Dividend Of SEK 1.90 Per Share

Nolato AB

08/02/2023 13:24

Feb 8 (Reuters) - Nolato AB  NOLAb.ST :
    * WILL PROPOSE AN UNCHANGED DIVIDEND OF SEK 1.90 PER SHARE
    * CHALLENGING EXTERNAL FACTORS, WITH LOWER VOLUMES AND
GENERAL
COST INFLATION, HAVE RESULTED IN LOWER MARGINS - CEO
    * WE HAVE ALSO SEEN A CONTINUED COMPONENT SHORTAGE,
PARTICULARLY
IN AUTOMOTIVE, WHICH HAS IMPACTED DEMAND OUR CUSTOMERS ARE
EXPERIENCING - CEO
    * DEMAND FOR PRODUCTS SUPPLIED TO AREAS IN CONSUMER
DISCRETIONARY
SECTOR EXPECTED TO REMAIN SLIGHTLY LOWER IN 2023
    * CHANGE IN SALES MIX, GREATER PROPORTION FROM SURGERY AREA,
LOWER
PROPORTION FROM IVD, HAD NEGATIVE IMPACT ON EBITA MARGIN - CEO
    * DISRUPTIONS TO SUPPLY CHAIN AT START OF QUARTER HAD
IMPACT,
LEADING TO LOWER VOLUMES, PRIMARILY IN AUTOMOTIVE - CEO

Source text for Eikon:  ID:nMFN1mrHYx 
Further company coverage:  NOLAb.ST 
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