Photo by Nolato Medical Nolato Contour's clean room in Baldwin, US.
Swedish technical injection moulder Nolato has announced record operating profit (EBITA) in 2015 of SEK 570m (€60m) up from 2014’s SEK 470m (€49.3m).
The company has also reported increased annual sales of SEK 4,726m (€497.5m) for 2015 up from 2014’s sales of SEK 4,234m (€445.4m).
Nolato President and CEO Hans Porat said: “For the fourth consecutive year, this is the best operating profit in the Group’s history. In 2015, we have continued according to our established strategy of creating a well-balanced Group structure, with a focus on technological development, project management and productivity. This has contributed to stronger customer relations, advancement in our market positions and greater profitability.”
Nolato Medical’s sales rose to SEK 1,464m (€154.1m), whilst its Industrial business sales were SEK 1,251m (€131.5m) an increase of 11% on 2014’s results. Meanwhile Nolato Telecom’s sales for 2015 dropped 8% on 2014 to SEK 2,017m (€212m).
Nolato says it continued expansion to secure growth in China, Hungary and Sweden in 2015. Nolato currently operates in Europe, Asia and North America.