NOTE wins new major deal for Swedish industrial customer
NOTE has a strong and diversified customer base, including established industrial companies and companies in new, fast-growing application segments. Demand from one of NOTE's largest industrial customers in Sweden is progressing very positively. NOTE recently won a new multi-year contract to manufacture advanced customised industrial electronics for this customer. This business means expected growth of at least SEK 50 m/year. Series production will start at the Torsby plant in the second half of this year, and is expected to quickly reach high volumes. The development is well in line with the ongoing expansion of capacity in Torsby.
”After the autumn's uncertainties and inventory adjustments at the customer level linked to the pandemic, we are now seeing a clear recovery in demand - especially in Sweden, Estonia and China. It is also gratifying that we have gained the confidence and won this new business for one of our largest customers with very high quality requirements.”, 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 electronics manufacturing partners. 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 and China. Sales in the last 12 months were
to SEK 1,874 million and the group has some 1,100 employees. NOTE is listed on Nasdaq Stockholm. For more information, please visit www.note-ems.com.
IThe information was submitted for publication on 17 March 2021 at 08.30 CET.