Q1 2019 Nolato AB Earnings Call Transcript
Hello, and welcome to the Nolato AB Q1 reports 2019 (Operator Instructions) Today, I'm pleased to present Christer Wahlquist, CEO. Please go ahead with your meeting.
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Welcome to the Q1 information from Nolato. This is Christer Wahlquist and Per-Ola Holmstr?m is here by my side, and we're going to present our Q1 report, of course.
The Q1 ended up with the sales of SEK 1.656 billion compared to little bit more than SEK 2 billion last year, and that was -- if we adjust that for currency and Group structure, it was a decrease of sales by 23%. We had strong performance by Medical Solutions, but Integrated Solutions had lower volumes as previously announced. And it was due to stock reduction with one of the major customers.
The profit dropped to SEK 175 million, which should be compared to SEK 244 million last Q1.
That corresponds to a margin on EBITDA of 10.6%. Of course there was the volume impact but also some weak margins within
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