{"id":15558,"date":"2022-10-25T14:45:00","date_gmt":"2022-10-25T12:45:00","guid":{"rendered":"https:\/\/www.note-ems.com\/press-releases\/aterupptagen-verksamhet-hos-den-kund-som-foranledde-notes-befarade-kundforlust\/"},"modified":"2025-12-02T08:28:07","modified_gmt":"2025-12-02T07:28:07","slug":"resumed-business-with-the-customer-that-caused-the-notes-anticipated-loss-of-business","status":"publish","type":"mfn_news","link":"https:\/\/www.note-ems.com\/en\/pressmeddelande\/aterupptagen-verksamhet-hos-den-kund-som-foranledde-notes-befarade-kundforlust\/","title":{"rendered":"Resumed operations at the customer that caused NOTE's feared loss of customer"},"content":{"rendered":"

On 12 October, NOTE issued a press release on a feared customer loss, because one of NOTE's customers on the UK market had filed for reconstruction, and all the customer's operations were suspended in connection with this. In the third quarter, NOTE recognised a cost of SEK 30 million for the feared customer loss, which corresponded to NOTE's entire risk exposure to the company. <\/span><\/span><\/span><\/p>\n

The customer has now been acquired by another company in the same sector, charging electric vehicles. NOTE has had a fruitful dialogue with the new owner, which intends to resume production as soon as possible and continue its previous partnership with NOTE. <\/span><\/span><\/span><\/p>\n

\u201dThis process has gone much faster than we previously feared. I am very positive about the continued cooperation with the new owner. The company's principals have a long history in the industry and we look favourably on deepening the cooperation between the companies. We also see good opportunities for bad debt losses to be significantly lower than our previous assessment, which we intend to report in the report for the fourth quarter. \",<\/span><\/span><\/span><\/em> says <\/span><\/span><\/span>Johannes Lind-Widestam, President and CEO.<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n

For further information, please contact:
\nJohannes Lind-Widestam, President and CEO, tel. 070-541 72 22<\/span><\/span>
\nFrida Frykstrand, Finance Director, tel. 070-462 09 39<\/span><\/span><\/span><\/p>\n

About NOTE
\nNOTE 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 <\/span><\/span><\/em>www.note-ems.com<\/span><\/span><\/span><\/span><\/em><\/a>. <\/span><\/span><\/em><\/span><\/span><\/span><\/p>\n

<\/div>\n
<\/div>\n
\n

Attached files<\/strong>
Press release<\/a><\/p>\n<\/div>\n