Brief: Nolato Provides Update On First-Quarter Financial Performance

Nolato AB

24/03/2022 07:32

March 24 (Reuters) - Nolato AB  NOLAb.ST :
    * NOLATO PROVIDES UPDATE ON FIRST-QUARTER FINANCIAL
PERFORMANCE
    * NOLATO EXPECTS GROUP'S NET SALES FOR Q1 OF 2022 TO BE IN
LINE
WITH SAME PERIOD LAST YEAR AND AMOUNT TO AROUND SEK 2.7 BILLION,
WITH AN EBITA MARGIN IN REGION OF 9%
    * NOLATO'S NET SALES IN Q1 HAVE BEEN ADVERSELY AFFECTED BY
RESTRICTED SUPPLY OF COMPONENTS, WHICH HAS FORCED SOME CUSTOMERS
TO CLOSE OR REDUCE PRODUCTION CAPACITY PERIODICALLY
    * INTEGRATED SOLUTIONS BUSINESS AREA, IN PARTICULAR, IS
SEEING
LOWER END-CUSTOMER SALES BECAUSE OF SITUATION THAT HAS ARISEN
AND ESCALATED IN EASTERN EUROPE

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

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