Active and global subcontractor

Nolato

Nolato develops and manufactures products in polymer materials such as plastic, silicone and TPE for leading customers within medical technology, pharmaceuticals, consumer electronics, telecom, automotive and other selected industrial sectors. Over the years Nolato has strengthened its strategic move from being a manufacturer of components to customer specification to being a solutions-oriented advanced partner for its customers. Sales were SEK 6.7bn in 2017 with an EBITA margin of 11.5%. Nolato has a global presence with only 18% of sales from Sweden.

Financials

NOLATO

SEKm 2017 2018 2019
Sales 6720 8295 8710
Sales growth (%) 51,1 23,4 5
EBITDA 980 1229 1233
EBITDA margin (%) 14,6 14,8 14,2
EBIT adj 749 966 983
EBIT adj margin (%) 11,1 11,6 11,3
Pretax profit 731 961 958
EPS rep 21,74 28,61 28,08
EPS growth (%) 70,2 31,6 -1,8
EPS adj 22,27 28,38 28,62
DPS 12,5 12,5 13
EV/EBITDA (x) 14,6 12,4 12,2
EV/EBIT adj (x) 19,1 15,8 15,3
P/E (x) 24,8 20,2 20,5
P/E adj (x) 24,2 20,3 20,2
EV/sales (x) 2,1 1,8 1,7
FCF yield (%) 3,5 3,3 3,5
Dividend yield (%) 2,3 2,2 2,3
Net IB debt/EBITDA 0,2 0 -0,2