NOTE forecasts growth of at least 60% and record strong earnings for Q4 2021
NOTE today announces that the company's sales in the fourth quarter 2021 are expected to amount to at least SEK 745 million, which corresponds to a growth of at least 60%. In addition, the operating margin is expected to exceed the record margin in the third quarter of 9.41 TSEK. Both sales and earnings are expected to exceed market expectations.
Demand for NOTE's services remains at record levels on all domestic markets, not least in Sweden, the UK and China. Strong sales progress, especially in the Industrial and Greentech customer segments, is expected to mean that NOTE's operating profit and operating margin in Q4 will reach the highest level ever for a single quarter.
NOTE has invited to a Capital Markets Day in Stockholm on Thursday 16 December. The meeting starts at 13:00. The Capital Markets Day will also be broadcast live. To watch the broadcast, right-click on the link here and select open link. A recording will be available afterwards on the NOTE website www.note-ems.com. No pre-registration is required to view the webcast. The presentations will be in English.
For further information, please contact:
Johannes Lind-Widestam, President and CEO, tel. 070-541 72 22
Henrik Nygren, Chief Financial Officer, tel. 070-977 06 86
About NOTE
NOTE is one of northern Europe's leading partners for electronics manufacturing. NOTE manufactures printed circuit boards (PCBA), sub-assemblies and complete products (box build). Its customer offering covers the whole product lifecycle, from design to after-sales. NOTE is established in Sweden, Finland, the UK, Estonia, Bulgaria and China. Sales in the last 12 months were SEK 3,687 million and the group has some 1,400 employees. NOTE is listed on Nasdaq Stockholm. For more information, please visit www.note-ems.com.
This information is information that NOTE AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of Johannes Lind-Widestam, at 08:00 CET on 14 December 2022.