NOTE's interim report January-March 2015
Financial performance January-March
- Sales totalled SEK 275.3 (232.8) million.
- Operating profit totalled SEK 11.9 (5.8) million.
- The operating margin was 4.31% (2.51%).
- Profit after net financial items totalled SEK 11.0 (3.8) million.
- Profit after tax totalled SEK 9.3 (3.1) million, corresponding to SEK 0.32 (0.11) per share.
- Cash flow after investments totalled SEK 21.8 (23.1) million, corresponding to SEK 0.76 (0.80) per share.
CEO commentary
”NOTE is continuing to make progress on a relatively stable European market. In the first quarter, sales increased by just over T€181,000, of which about half was currency effects. Sales increases were noted on all domestic markets. The outlook remains promising, with the order backlog at the end of the quarter supporting a positive sales trend.
Increased sales combined with continued good cost efficiency contributed to a strengthening of profitability. Operating profit improved by SEK 6.1 million to SEK 11.9 million. The operating margin strengthened by 1.8 percentage points to 4.31 per cent.
Improved earnings, combined with stable working capital development, contributed to cash flow after investments, despite sales growth, totalling SEK 21.8 million. This was broadly in line with the first quarter of the previous year. NOTE's Balance Sheet remains strong, with an equity/assets ratio of 42.6%,” says Peter Laveson, President and CEO.
NOTE's Interim Report for January-March is available from today in PDF format on the group's website, www.note.eu, and is attached to this press release. The Interim Report for January-June will be presented on 17 July.