Q1 2023 Nolato AB Earnings Call Transcript

May 03, 2023

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May 03, 2023 / 12:30PM GMT
Operator

Welcome to Nolato Q1 Report, 2023. (Operator Instructions) Now I will hand the conference over to the CEO, Christer Wahlquist. Please, go ahead.

Christer Wahlquist - Nolato AB(publ)-President - CEO & Interim President of Industrial Solutions

Good afternoon, and welcome to the presentation of Nolato's first quarter 2023. This is Christer Wahlquist speaking. I'm starting on Page 2 in the presentation with a summary of the first quarter of Nolato Group. During the quarter, our sales amounted to just shy of SEK 2.5 billion, which is a decrease of approximately 20% if we adjust for currency comparison to the first quarter 2022. Below, we saw a strong growth for our business area Medical Solutions, but lower volumes within our Integrated Solutions business area.

The operating profit EBITA amounted to SEK 193 million in comparison to SEK 267 million in the previous quarter. The cash flow amounted to negative SEK 46 million because of an increased working capital requirement, mainly within the Integrated Solutions

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