NOTE's half-year report January-June 2019
Financial performance April-June
- Sales increased by SEK 251 thousand to SEK 437 (351) million. Adjusted for acquisitions, growth was SEK 131,000,000.
- Operating profit increased by 301 thousand tonnes to SEK 31 (23) million.
- The operating margin strengthened by 0.3 percentage points to 7.01% (6.71%).
- Profit after net financial items increased to SEK 29 (22) million.
- Profit after tax increased by SEK 371 thousand to SEK 23 (17) million, corresponding to SEK 0.81 (0.59) per share.
- Cash flow after investments totalled SEK -24 (-18) million, corresponding to SEK -0.82 (-0.62) per share.
Financial performance January-June
- Sales increased by 281 FTEs to SEK 843 (658) million. Adjusted for acquisitions, growth was 151 FTEs.
- Operating profit increased by 421 thousand tonnes to SEK 57 (40) million.
- The operating margin strengthened by 0.7 percentage points to 6.81% (6.11%).
- Profit after net financial items increased to SEK 53 (37) million.
- Profit after tax increased by 50% to SEK 44 (29) million, corresponding to SEK 1.51 (1.01) per share.
- Cash flow after investments amounted to SEK -22 (-5) million, corresponding to -0.76 (-0.16) SEK/share.
CEO commentary
”NOTE continues to perform strongly. In the first half-year, sales increased by SEK 281,000,000 to SEK 843 million. Adjusted for additional sales in our UK company Speedboard Assembly Services, which was acquired in Q4 last year, growth was SEK 151,000,000. We continue to win the confidence of many new customers, both in traditional industry and in new fast-growing application areas. New major customer partnerships announced during the year include DeLaval, Laerdal Medical, Maven Wireless, Micropower and UNIPOWER.
Our operating profit for the first half of the year increased by TSEK 421 to SEK 57 million, which is a result of continued growth, stable cost development and a strong performance not least in our Western European factories. Earnings per share for the first half of the year increased by TSEK 501 to SEK 1.51 per share.
We are well equipped for the future. The order backlog at the end of the first half of the year was at a record high and we have several major, exciting customer projects that are now entering series production. I therefore see good opportunities to continue our positive development.”, says Johannes Lind-Widestam, President and CEO.
NOTE's Interim Report is available in PDF format from today 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 22 October.
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
This information is information that NOTE AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation and the Securities Markets Act. The information was submitted for publication, through the agency of Johannes Lind-Widestam, at 08:30 CET on 14 July 2022.