NOTE - greatly expanded co-operation with major international industrial customer
About a year ago, NOTE Torsby announced that it had won a major new deal with a well-established international industrial company. This deal was expected to generate growth of some SEK 50 million. This collaboration has progressed beyond expectations, and the order situation indicates a sales level in 2022 of around SEK 130 million.
The Torsby operation is in a clear growth phase - in Q4 last year organic growth was 74% and the order book continues to grow rapidly. To meet the strong demand, the Torsby plant has recently been expanded by approximately 50%. Machine investments in the Torsby operation in recent years amount to approximately SEK 70 million. The customers are Swedish and international customers active in the Industrial, Medtech and Greentech sectors.
”NOTE is growing successfully with new customers and through expanded partnerships in our strong customer base. Our ongoing expansion in Torsby is a clear example of this. We're well positioned to capitalise on the business opportunities that are being enhanced by European customers increasingly demanding manufacturing closer to their core business.”, says Johannes Lind-Widestam, President and CEO.
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.