{"id":15598,"date":"2021-04-19T08:30:00","date_gmt":"2021-04-19T06:30:00","guid":{"rendered":"https:\/\/www.note-ems.com\/press-releases\/notes-delarsrapport-januari-mars-2021\/"},"modified":"2025-12-02T08:28:12","modified_gmt":"2025-12-02T07:28:12","slug":"notes-interim-report-january-march-2028","status":"publish","type":"mfn_news","link":"https:\/\/www.note-ems.com\/en\/pressmeddelande\/notes-delarsrapport-januari-mars-2021\/","title":{"rendered":"NOTE's interim report January-March 2021"},"content":{"rendered":"

Financial performance January-March <\/span><\/span><\/strong>
\n- Sales increased by SEK 61,000,000 to SEK 502 (475) million. Adjusted for currency effects, growth was SEK 111,000,000.
\n- Operating profit increased by 21% to SEK 40 (33) million.
\n- The operating margin strengthened by 1.0 percentage point to 8.01% (7.01%).
\n- Profit after net financial items increased by SEK 351 thousand to SEK 38 (28) million.
\n- Profit after tax increased by SEK 371 thousand to SEK 31 million (22), corresponding to SEK 1.08 (0.80) per share.
\n- Cash flow after investments totalled SEK 4 (63) million, corresponding to SEK 0.14 (2.26) per share.<\/span><\/span><\/p>\n

CEO commentary - Strong new sales and vigorous demand recovery pave the way for increased growth rate<\/span><\/span><\/span><\/strong><\/em><\/span><\/span><\/span>
\n\u201dIn Q1, we increased sales by 6% to a new record level of SEK 502 million. Adjusted for currency effects, growth was 11%. We continue to win new business in a convincing way and the order backlog at the end of the quarter was more than TSEK 301 thousand higher than last year. In terms of profitability, our positive trend continued. Operating profit increased by SEK 211,000,000 to SEK 40 million, strengthening the operating margin by 1.0 percentage point to SEK 8.01 million, our highest level ever for Q1. In order to ensure deliveries to our customers in the current shortage of electronic components, mainly semiconductors, we increased our inventories in Q1, which in the short term weighed on our cash flow.<\/span><\/span><\/em><\/p>\n

In the wake of the pandemic, our growth slowed down significantly in the second half of last year. For some time now, however, we have seen a very strong recovery in demand, both from our established customer base and from new customer partnerships. Based on the current market situation and strong order situation, I consider the conditions to be very good to achieve growth of 10%-20% for the full year and continue our positive profitability trend.\u201d, <\/span><\/span><\/em>says Johannes Lind-Widestam, President and CEO. <\/span><\/span><\/span><\/span><\/p>\n

NOTE's Interim Report for the first quarter 2023 is available from today in PDF format on its website, www.note-ems.com, and is attached to this press release. NOTE is organising a presentation for analysts, media and investors at 10:00 a.m. CET today, where President and CEO Johannes Lind-Widestam will present the report. The Interim Report for January-June will be presented on 13 July.\u00a0 <\/span><\/span><\/p>\n

For further information, please contact:
\nJohannes Lind-Widestam, President and CEO, tel. 070-541 72 22
\nHenrik Nygren, Chief Financial Officer, tel. 070-977 06 86<\/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 and China. Sales in the last 12 months<\/span><\/em><\/span>sales totalled SEK 1,901 million and the group has some 1,100 employees. NOTE is listed on Nasdaq Stockholm. For more information, please contact<\/span><\/em><\/span>Check www.note-ems.com.<\/span><\/em> <\/span><\/em><\/span><\/span><\/span><\/p>\n

This information is information that NOTE AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of Johannes Lind-Widestam, at 08:30 CET on 19 April 2021.<\/span><\/span><\/em><\/span><\/span><\/p>\n

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Attached files<\/strong>
Interim report Q1 2021<\/a>
Press release<\/a><\/p>\n<\/div>\n