NOTE's half-year report January-June 2015
Press release Financial performance April-June
- Sales totalled SEK 279.5 (247.6) million.
- Operating profit totalled SEK 11.2 (7.5) million.
- The operating margin was 4.01% (3.01%).
- Profit after net financial items totalled SEK 9.2 (7.1) million.
- Profit after tax totalled SEK 8.5 (5.7) million, corresponding to SEK 0.29 (0.20) per share.
- Cash flow after investments totalled SEK -18.0 (-8.2) million, corresponding to SEK -0.62 (-0.28) per share.
Financial performance January-June
- Sales totalled SEK 554.8 (480.4) million.
- Operating profit totalled SEK 23.1 (13.3) million.
- The operating margin was 4.21% (2.81%).
- Profit after net financial items totalled SEK 20.2 (10.9) million.
- Profit after tax totalled SEK 17.8 (8.8) million, corresponding to SEK 0.62 (0.31) per share.
- Cash flow after investments totalled SEK 3.8 (14.9) million, corresponding to SEK 0.13 (0.52) per share.
CEO commentary
”We are one of the strongest electronics manufacturers in the Nordic market. We continue to develop and be a nimble and responsive business partner to our customers. I am proud of what we have achieved, and it is gratifying to be able to present an improvement in operating profit of almost SEK 10 million in the first half of the year.
Sales in the second quarter continued to develop favourably in almost all of our markets. We are now also seeing concrete business opportunities as a result of our expanded service offering in Sweden in the medical technology area. It is our stated ambition to further increase market shares and strengthen our profitable growth. As part of our growth strategy, we have decided to strengthen the organisation with a sales director in Group Management. Fredrik Schultz has been appointed to this position. Fredrik joins us from our industry colleague Enics and will take up the position in mid-August”, says 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.