Significant improvement in earnings for the Nolato Group

Significant improvement in earnings for the Nolato Group

Nolato reports a significant improvement in earnings for the first three months
of 2008 compared with the same period last year. Sales rose by 26 percent to SEK
690 M (547), with operating income (EBITA) up 59 percent to SEK 59 M (37).

“Being able to issue such a strong report is extremely satisfying,” says
Nolato's CEO, Hans Porat. “Our cash flow also showed healthy growth during the
quarter, rising to SEK 47 M (23 excluding acquisitions).”

Nolato Medical's sales grew by 30 percent compared with the same period during
the previous year. Operating income (EBITA) was up 31 percent to SEK 21 M (16),
with an EBITA margin of 14.3 percent (14.2). 

“The business area is growing,” continues Porat, “and we are now ready to start
production in China. Initially, this will be for an existing customer which now
requires Nolato Medical's presence in the Asian market.”

Nolato Telecom also reported strong growth during the quarter. Sales swelled by
54 percent to SEK 284 M, with operating income (EBITA) increasing to SEK 27 M
(5). The EBITA margin also increased significantly, to 9.5 percent (2.7).

“Nolato Telecom's units have operated at high levels of capacity,” explains
Porat. “In ­addition, production consisted largely of newer products and
products launched during the quarter, for which volumes were extremely high
right from the start.” 

Nolato Industrial experienced stable volumes, with sales up three percent to SEK
260 M. Operating income (EBITA) totalled SEK 20 M (23), with an EBITA margin of
7.7 percent (9.1).

The full interim report can be found at Nolato's website, www.nolato.se

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For further information, please contact:
Hans Porat, President and CEO, telephone +46 431 442294 or mobile phone +46 705
517550
Per-Ola Holmström, Executive Vice President and CFO, telephone +46 431 442293 or
mobile phone +46 705 763340

The Nolato Group is a global high-tech developer and manufacturer of polymer
components and product systems for leading customers in telecommunications,
automotive products, white goods, medical technology, pharmaceuticals, hygiene
and other selected industrial sectors. Nolato's shares are quoted on the OMX
Nordic Exchange, Small Cap, Information Technology.