NOTE's interim report January-March 2019
Financial performance January-March
- Sales increased by 321,000 tonnes to SEK 405 (308) million.
- Operating profit increased by 581 thousand tonnes to SEK 27 million (17).
- The operating margin strengthened by 1.1 percentage points to 6.61% (5.51%).
- Profit after financial items increased by SEK 641 thousand to SEK 25 (15) million.
- Profit after tax improved by 64% to SEK 20 (12) million, corresponding to SEK 0.70 (0.43) per share.
- Cash flow after investments totalled SEK 2 (13) million, corresponding to SEK 0.06 (0.46) per share.
CEO commentary
”After a successful 2018 for NOTE, progress in Q1 can be considered record-breaking. Sales increased by SEK 321,000,000 to SEK 405 million, of which our recently acquired Speedboard Assembly Services contributed about half of the growth. We continue to win the trust of new customers, both in traditional industry and in new fast-growing application areas. We were also very pleased to announce in April the extensive co-operation in electronics production that we initiated with DeLaval.
Our operating profit for Q1 increased by 58% to SEK 27 million, which is a result of growth, a continued stable cost trend and a strong performance not least in our Western European factories.
We are financially very well equipped for the future. We have several major, exciting customer projects in the pipeline and our order backlog grew to a record high during the period. I therefore see good opportunities to continue our positive development.”, says Johannes Lind-Widestam, President and CEO.
NOTE's Interim Report for January-March is now available in PDF format on its website, www.note.eu, and is attached to this press release. The Interim Report for January-June will be presented on 15 July.
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, 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 SEK 1,476 m, and the group has approximately 1050. NOTE is listed on Nasdaq Stockholm. For more information, please visit www.note.eu.
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 08:30 CET on 25 April 2019.