NOTE presents new financial and sustainability targets
NOTE is today presenting new financial and sustainability targets for the company. At tomorrow's Capital Markets Day, NOTE's group management will provide further insight into the company's operations, strategy, new financial targets and sustainability goals.
NOTE's new financial target is to achieve by 2025:
- Reach sales of at least SEK 5 billion.
This will essentially be achieved through high organic growth complemented by carefully selected acquisitions. - Achieve an operating margin of at least 10%.
Other financial targets regarding capital structure and dividends remain unchanged.
- Capital structure - the equity ratio shall be at least 30%.
- Dividends - future dividends should be adapted primarily to the company's investment needs and financial position.
NOTE has been conducting active sustainability work for a long time, and is involved in the climate transition. With the company's business-adapted sustainability goals, NOTE is concretising its work to contribute to the global sustainability goals of Agenda 2030.
NOTE's sustainability target is that from 2022:
- NOTE's operations, within scope 1-2 of the Greenhouse Gas Protocol, shall be 100% carbon neutral.
- All NOTE units shall be certified according to ISO 45000.
”NOTE is still in a significant expansion phase. Based on a clear strategy focused on profitable growth, a strong customer base and efficient electronics production plants, we are gaining increasing market shares. We see good opportunities to double our sales again within a few years, while continuing our positive earnings trend. We have therefore decided to update and clarify our financial targets. Since we have long been actively engaged in sustainability work, we have also chosen to present clear sustainability goals, which I am also very proud of.”, says Johannes Lind-Widestam, President and CEO.
NOTE has invited to a capital markets day intomorrow Thursday 16 December 13:00 at Bond i Helio, Grev Turegatan 30, in Stockholm. The Capital Markets Day will also be broadcast live here and be available afterwards on NOTE's 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.