Nolato: Reverse profit warning, extraordinarily high volumes … (Continued)
2014-12-19 07:57
(SIX) Plastic Component manufacturer Nolato Telecom segment will report the extraordinarily high volumes in the fourth quarter. The business area's turnover is estimated at about 600 million during quarter with operating income in the order of 100 million. Nolato believes, however, that these high volumes are temporary and volumes during the first quarter of 2015 will return to a more normal level. It is clear from a press release. The positive trend is explained by several of our customers' phone models have been successful in the consumer market, as well as a continued positive development for Nolato's operations in electromagnetic shielding (EMC), the company said. "Nolato Telecom will report an unusually high turnover and a very strong operating income in the fourth quarter. When a Several of the models that we deliver simultaneously become successful for our clients receive a positive effect on our financi al development. However, we believe that these high volumes are temporary and volumes during the first quarter of 2015 will return to a more normal level, "said Nolato's CEO Hans Porat. Nolato Telecom's operating margin expected to be at over 15 per cent in the fourth quarter. "High flexibility and efficiency along with long runs and a low scrap rate means that the operating margin will be extraordinary in the quarter. A further positive development in EMC field also contributes to the strong margin, "said Hans Porat. Jonathan Axelsson +46 8586163 77 mailto: jonathan.axelsson@six-group.se www.blogg.six.seSIXNews SIX News
No comments:
Post a Comment