Nolato first three months of 2007: Strong growth at Nolato Medical

Nolato first three months of 2007: Strong growth at Nolato Medical

In today's three-month interim report for 2007, Nolato reported strong growth in
the Nolato Medical business area. Sales were up 129 percent including
acquisitions. 

“We had good sales at Nolato Medical,” noted Georg Brunstam, who is President
and CEO of Nolato. “We've also recently completed two important acquisitions in
medical technology, which is fully in line with our strategy to grow in the
medical field: Medical Rubber on November 1 last year and Cerbo Group on March 5
this year. Both acquisitions performed well and in line with expectations.”   

Sales for the Group totaled SEK 560 M (594), and EBITA excluding non-recurring
items was SEK 38 M (51). Income after financial items was SEK 27 M (47), net
income was SEK 20 M (37) and earnings per share totaled SEK 0.76 (1.41).
Adjusted earnings per share, excluding non-recurring items and amortization of
intangible assets from company acquisitions, totaled SEK 0.99 (1.41). Cash flow
after investments was SEK 23 M (48), excluding acquisitions.

“Volumes at Nolato Telecom were weak,” Mr. Brunstam said. “Low capacity
utilization and remaining costs for resources that are necessary for future
projects resulted in low earnings. We also saw stronger seasonal variation than
earlier, with a weak first half of the year.”  

“However, in the first quarter we took on a number of major systems projects for
mobile phone customers. These projects have production start in the second half
of the year and early next year.

“Nolato Industrial reported increased sales and improved earnings. Volumes were
good for most of our units. High capacity utilization and the contribution from
a small-scale acquisition combined to improve earnings in this area.”

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For further information, please contact:
Georg Brunstam, President and CEO, telephone +46 431 44 22 94 or mobile phone
+46 708 55 12 51
Per-Ola Holmström, CFO, telephone +46 431 44 22 93 or mobile phone +46 705 76 33
40

 The Nolato Group is a high-tech developer and manufacturer of polymer
components and product systems for leading customers in telecommunications,
automotive products, white goods, medical technology, hygiene and other selected
industrial sectors. The Group has operations in Sweden, China, Denmark, Estonia,
Hungary, Japan, Malaysia, Norway, Poland and Czech Republic. Nolato's shares are
quoted in the OMX Nordic Exchange, Mid Cap, Information Technology.
www.nolato.com