Brief: Nolato says high volumes for business area Telecom in Q4
19/12/2014 06:45
Dec 19 (Reuters) - Nolato Ab NOLAb.ST :
* Exceptionally high volumes for nolato telecom
* Nolato ab says nolato telecom will report exceptionally
high volumes for q4.
* Nolato ab says business area's sales are estimated to
amount to approximately sek 600 million for the quarter, with
operating profit of around sek 100 million.
* The positive performance is due to the success of a number
of customers' handsets on the consumer market, as well as
continued positive development of Nolato's electromagnetic
compatibility (EMC) business.
* "Our assessment is that these high volumes are
temporary and that volumes for the first quarter of 2015 will
return to a more normal level," said Nolato's Chief Executive
Officer Hans Porat.
* Nolato Telecom's operating margin is estimated to be just
over 15 percent for the fourth quarter.
Link to press release: http://mb.cision.com/Main/966/9699424/326480.pdf
Further company coverage: NOLAb.ST
(Reporting By Olof Swahnberg)
((Olof.Swahnberg@thomsonreuters.com;))
Keywords: NOLATOAB/BRIEF