Friday, December 19, 2014

Nolato: Reverse profit warning, extraordinarily high volumes … (cont) – Dagens Industri

Nolato: Reverse profit warning, extraordinarily high volumes … (cont) – Dagens Industri

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 

LikeTweet

No comments:

Post a Comment