NOTE's half-year report January-June 2014
Financial performance April-June
- Sales totalled SEK 247.6 (236.1) million.
- Operating profit totalled SEK 7.5 (3.6) million.
- The operating margin was 3.01% (1.51%).
- Profit after net financial items totalled SEK 7.1 (2.6) million.
- Profit after tax totalled SEK 5.7 (2.0) million, corresponding to SEK 0.20 (0.07) per share.
- Cash flow after investments totalled SEK -8.2 (2.0) million, corresponding to SEK -0.28 (0.07) per share.
Financial performance January-June
- Sales totalled SEK 480.4 (450.9) million.
- Operating profit totalled SEK 13.3 (3.9) million.
- The operating margin was 2.81% (0.91%).
- Profit after net financial items totalled SEK 10.9 (1.3) million.
- Profit after tax totalled SEK 8.8 (0.9) million, corresponding to SEK 0.31 (0.03) per share.
- Cash flow after investments totalled SEK 14.9 (-6.0) million, corresponding to SEK 0.52 (-0.21) per share.
CEO commentary on the half-year report:
”Despite a relatively weak market, we increased sales by 7% in the first half-year. Furthermore, our order book supports continued year-on-year growth. In my view, this is a sign of strength from NOTE.
NOTE's operating profit for the first half-year improved by SEK 9.4 million to SEK 13.3 (3.9) million. Cash flow in the same period was 14.9 (-6.0). The balance sheet remains strong with an equity/assets ratio of just over 42%,” concludes Peter Laveson, President and CEO.”
NOTE's Interim Report for January-June is now available in PDF format on the group's website, www.note.eu, and is attached to this press release. The Interim Report for January-September will be presented on 25 October.
For further information, please contact:
Peter Laveson, President and CEO, tel. 08-568 990 06, 070-433 99 99
Henrik Nygren, Chief Financial Officer, tel. 08-568 990 03, 070-977 06 86
About NOTE
NOTE is one of northern Europe's leading manufacturing and logistics partners for electronics production. 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, Norway, Finland, the UK, Estonia and China. Sales for 2013 totalled SEK 907 million and the group has some 850 employees. NOTE is listed on NASDAQ OMX Stockholm. For more information, please visit www.note.eu.
NOTE AB (publ) is publishing this information in accordance with the Swedish Securities Markets Act. The information was submitted for publication at 08:30 a.m. on 13 July 2015.