Nolato AB (LTS:0OA9)
kr 57.25 -1.15 (-1.97%) Market Cap: 15.41 Bil Enterprise Value: 16.59 Bil PE Ratio: 27.68 PB Ratio: 2.96 GF Score: 88/100

Q4 2022 Nolato AB Earnings Call Transcript

Feb 08, 2023 / 01:45PM GMT
Release Date Price: kr53.8 (-19.66%)
Christer Wahlquist;publ;President
Nolato AB;CEO & Interim President of Industrial Solutions

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Hello, and welcome to the presentation of Nolato's fourth quarter 2022. This is Christer Wahlquist speaking, and I'm starting on the second page of the provided material. So, in summary, the fourth quarter ended up at just short of SEK 2.4 billion in sales. That was affected by a positive currency effect. And it was -- if we adjust for that, it was a 34% decrease of sales. We saw lower volumes in the VHP area affecting the overall numbers. The operating profit ended up at SEK 163 million in comparison to SEK 336 million the corresponding quarter last year. That gave us a margin of 6.9 percentages, and the margin was affected by volumes, of course, cost inflation and production efficiency. If you look on the right-hand side of the page, you see that we have been building and working with a focus on creating a true global service provider across our 3 different business areas.

Turning to Page 3, focusing on the full year of 2022. The full year's sales ended

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