NOTE's Windsor plant temporarily suspends production due to the Corona virus
NOTE has eight electronics plants located in Sweden, Finland, Estonia, the UK and China, and after a prolonged production stoppage in China due to the coronavirus situation, the plant reopened on 10 February. Otherwise, NOTE's plants have been running at high capacity utilisation. As previously communicated in a press release on 12 March, NOTE's sales in Q1 are estimated at SEK 460-470 million, corresponding to growth of some 151 FTEs.
In line with UK government decisions to restrict all non-essential travel and industrial activities, NOTE's Windsor plant has temporarily stopped production as of today. This plant represents some 10% of NOTE's total production. The temporary shutdown is expected to be subject to the UK authorities' recently introduced support measures, which include full compensation for the wage costs of laid-off staff.
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.eu.
IThe information was submitted for publication on 27 March 2020 at 16.00 CET.