Q1 2022 Nolato AB Earnings Call Transcript
Welcome to the Nolato Audiocast Teleconference Q1 2022. (Operator Instructions). Today, I am pleased to present you, Christer Wahlquist, CEO; and Per-Ola Holmstrom, CFO. Please begin with your meeting.
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Thank you, and welcome, everybody, to the presentation of Nolato's First quarter 2022. This is Christer Wahlquist speaking, and I will start on Page 2 on the provided information deck. And to summarize the first quarter for Nolato Group, we ended up with sales close to SEK 2.9 billion. That was affected by a positive currency effect, and if we adjust for that, it was a 1% increase if we adjust for currency. During the quarters, we saw that volumes and profitability was negatively affected by restricted supply of components. We also saw shortages of raw material and labor, as a result of the pandemic. This gives us an operating profit EBITA at SEK 267 million, giving them an EBITA margin of 9.3%, and the margin was then affected by volumes and cost inflation.
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