NOTE updates its forecast for the fourth quarter 2024 and provides guidance for the full year 2025

NOTE forecasts fourth quarter sales of at least SEK 1 billion and an underlying operating margin of at least SEK 101,000,000. For the full year 2024, this means sales of at least SEK 3.87 billion and an operating margin of at least SEK 9.21 bn. For 2025, NOTE estimates sales in the range of SEK 3.9-4.3 billion with an operating margin in the range of SEK 9.5-10.51 per cent. Previously ...

Previous guidance indicated fourth quarter sales of SEK 975-1,025 million and an operating margin of at least 9.5%. For the full year 2024, this corresponded to sales of SEK 3.83-3.90bn and an operating margin of 8.9-9.21ppt3.

NOTE is organising a Capital Markets Day for analysts, media and investors at 11:00 CET today, where CEO and President Johannes Lind-Widestam will present the company.

About NOTE
NOTE manufactures printed circuit boards (PCBA), sub-assemblies and complete products (box build). NOTE is a competitive electronics manufacturer and a stable business partner to customers with high standards. Its products are found in complex systems for electronic control, monitoring and security, for example.

The business model is based on offering advanced manufacturing, customised logistics solutions and advice at the best possible total cost through long-term customer relationships and partnerships. The customer offering covers the entire product life cycle, from design to aftermarket. Customers are primarily large companies operating on the global market, but also companies with their primary sales in northern Europe.

NOTE is established in Sweden, Finland, the UK, Estonia, Bulgaria and China. Sales in the last 12 months totalled SEK 3,849 million and the group has some 1,450 employees. NOTE is listed on Nasdaq Stockholm. For more information, please visit www.note-ems.com.