Brief: Nolato Signs New Long-Term Cooperation Agreement

Nolato AB

02/04/2024 07:37

April 2 (Reuters) - Nolato AB  NOLAb.ST :
    * SIGNS NEW LONG-TERM COOPERATION AGREEMENT WITH EXISTING
CUSTOMER
    * WITHIN A FIVE-YEAR PERIOD, IT IS ESTIMATED THAT THIS
COOPERATION
WILL GENERATE ANNUAL SALES IN REGION OF SEK 700 MILLION FOR
NOLATO
    * SUPPLY AGREEMENT WILL HAVE NO MATERIAL IMPACT ON NOLATO'S
SALES
AND PROFIT OVER NEXT TWO YEARS
    * COOPERATION WILL RESULT IN NOLATO INVESTING, FROM Q2 OF
2024, A
TOTAL OF AROUND SEK 600 MILLION IN NEW MANUFACTURING CAPACITY BY
EXPANDING EXISTING PREMISES, MACHINERY AND OTHER EQUIPMENT

Source text for Eikon:  ID:nMFN40Y9Vd 
Further company coverage:  NOLAb.ST 

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