NOLA-BNasdaq StockholmIndustrialsIFRS · SEK

Nolato

Nolato is a Swedish industrial group that develops and manufactures polymer-based products and components for selected end markets. Its business combines design support, tooling, and high-volume production across a decentralized structure with operations in Europe, Asia, and North America.

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Revenue9,462m SEK
−2.1 %y/y
Operating profit (EBIT)5.0m SEK
−99.5 %y/y
EBIT margin0.1%
−9.4 ppy/y
Net income777m SEK
+18.1 %y/y

Fiscal year 2025 · change from previous year

Development 2021–2025

0.02.55.07.510.012.5bn SEK2021: 11.6 bn SEK2021: EBIT 1.3 bn SEK20212022: 10.8 bn SEK2022: EBIT 0.87 bn SEK20222023: 9.5 bn SEK2023: EBIT 0.66 bn SEK20232024: 9.7 bn SEK2024: EBIT 0.91 bn SEK20242025: 9.5 bn SEK2025: EBIT 0.01 bn SEK20259.50.01
RevenueOperating profit (EBIT)
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Business

Share of revenue
Medical Solutions50 %

Customized polymer-based products and components for healthcare and medtech applications.

Engineered Solutions50 %

Technical polymer components and assemblies for industrial and consumer end markets.

Customers

Nolato sells mainly to large industrial customers that outsource development and production of polymer components. End markets include healthcare, medtech, consumer products, and general industry, with products often becoming key components in the customer’s finished goods. The company works early in the design process and then supports customers through tooling, industrialization, and volume production.

Medical Solutions customers

Healthcare and medtech companies buying customized polymer components and assemblies for regulated applications.

Engineered Solutions industrial customers

Industrial OEMs buying technical polymer parts, often for outsourced production and design support.

Consumer and branded product companies

Companies sourcing plastic, silicone, and elastomer parts for finished consumer products.

Strategy

Nolato’s strategy is to be a long-term partner for customers in Medical Solutions and Engineered Solutions, combining design expertise with high-volume production. The company focuses on customer-centric growth, expansion in priority markets, and deeper involvement in the value chain through sustainable, end-to-end solutions.

Grow with large customers in selected end marketsMedium term

Large OEM relationships can create repeat volumes and support long-term platform growth.

Expand regional production close to customersMedium term

Local manufacturing improves service, logistics, and resilience in disrupted supply chains.

Increase value-added engineering contentLong term

Design-for-manufacturing and project expertise help differentiate Nolato from pure contract manufacturers.

Geography

Nolato has a global production footprint with manufacturing on three continents and a strong presence in Europe, Asia, and North America. The company emphasizes regional proximity to customers and suppliers, which supports shorter logistics chains, faster decision-making, and resilience in supply disruptions. Reported lease exposure also points to production premises in China, the UK, and Sweden.

Risks

Nolato is exposed to customer concentration, subcontracting dependence, and cyclical demand in industrial end markets, while medical-related operations are typically more resilient. The company also faces input-cost, production, cybersecurity, and foreign-exchange risks because it operates a global manufacturing network and relies on specialized materials and suppliers.

Sorted by severity
LowMediumHighLowMediumHighImpact →Likelihood →Business cycle risk1Customer dependence2Raw material price risk3Foreign exchange risk4
Impact is the risk’s severity and likelihood how probable it is over the next few years, both assessed from the company’s reports. Numbers match the list.
  1. Business cycle riskImpact: HighLikelihood: Medium

    Engineered Solutions is tied to industrial demand and broader manufacturing cycles.

    Exposure: General industry end markets

  2. Customer dependenceImpact: HighLikelihood: Low

    Nolato depends on customer programs, volumes, and product lifecycles in outsourced manufacturing.

    Exposure: Large OEM and medtech accounts

  3. Raw material price riskImpact: MediumLikelihood: Medium

    Polymer, silicone, elastomer, and related input costs can move quickly and affect margins.

    Exposure: Plastics and specialty materials

  4. Foreign exchange riskImpact: MediumLikelihood: Low

    The company operates across multiple currencies and geographies.

    ExposureEuropeAsiaNorth America
  5. Cybersecurity incidentsImpact: Medium

    A global manufacturing and customer-data environment increases operational and data-security exposure.

    Exposure: Connected production and customer systems

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Accounting

Judgemental items
IFRS 16 lease accounting

Production plants and offices are leased in several countries, affecting balance sheet leverage and EBITDA presentation.

Impact: Right-of-use assets and lease liabilities

Revenue recognition on customized contracts

Customer-specific components may involve design, tooling, and production milestones that affect timing.

Impact: Revenue and margin timing

Inventory valuation

Specialized materials and work-in-process can be sensitive to demand changes and obsolescence.

Impact: Gross profit and working capital

Provisions and contingent liabilities

Product liability, legal, and disruption risks can require judgmental accruals.

Impact: Operating expenses and liabilities

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Last updated: 24/09/2026

Nolato (NOLA-B) Revenue, Earnings & Financials 2025 – Clarifo