{"id":15609,"date":"2020-10-19T08:30:00","date_gmt":"2020-10-19T06:30:00","guid":{"rendered":"https:\/\/www.note-ems.com\/press-releases\/notes-delarsrapport-januari-september-2020\/"},"modified":"2025-12-02T08:28:13","modified_gmt":"2025-12-02T07:28:13","slug":"notes-interim-report-january-september-2028","status":"publish","type":"mfn_news","link":"https:\/\/www.note-ems.com\/en\/pressmeddelande\/notes-delarsrapport-januari-september-2020\/","title":{"rendered":"NOTE's interim report January-September 2020"},"content":{"rendered":"

Financial performance July-September <\/span><\/span><\/strong>
\n- Sales totalled SEK 433 (434) million.
\n- Operating profit increased by SEK 141 thousand to SEK 36 (32) million.
\n- The operating margin strengthened by 1.0 percentage point to 8.31% (7.31%).
\n- Profit after net financial items increased by SEK 151 thousand to SEK 33 (30) million.
\n- Profit after tax increased by SEK 271 thousand to SEK 28 (22) million, corresponding to SEK 0.98 (0.81) per share.
\n- Cash flow after investments totalled SEK 1 (1) million, corresponding to SEK 0.04 (0.04) per share.<\/span><\/span><\/p>\n

Financial performance January-September <\/span><\/span><\/strong>
\n- Sales increased by 101 thousand tonnes to SEK 1,408 (1,277) million.
\n- Operating profit increased by SEK 251 thousand to SEK 111 (89) million.\u00a0
\n- The operating margin strengthened by 0.9 percentage points to 7.91% (7.01%).\u00a0
\n- Profit after net financial items increased by SEK 251 thousand to SEK 103 (83) million.
\n- Profit after tax increased by SEK 271 thousand to SEK 84 (66) million, corresponding to SEK 2.99 (2.37) per share.
\n- Cash flow after investments increased to SEK 128 (-21) million, corresponding to SEK 4.51 (-0.75) per share.<\/span><\/span><\/p>\n

CEO comment - 10% organic growth and strengthened margins despite a weaker market.<\/span><\/span><\/strong><\/p>\n

\u201dWe continue to see very strong performance in Sweden, Finland and Estonia, especially from engineering and medical customers. However, the widespread shutdown of the UK economy is slowing our momentum through the water, which in the nine-month period limited our growth in Western Europe to 16% and 10% in total.\u00a0 <\/span><\/em><\/span><\/span><\/span><\/p>\n

In terms of earnings, our positive trend continued. Mainly as a result of growth, good cost development after implemented efficiency measures and strong development in Western Europe, not least in Sweden and Finland, operating profit increased by TSEK 251 to SEK 111 million. The operating margin strengthened by almost 1 percentage point to 7.91%.<\/span><\/em><\/span><\/span><\/span><\/p>\n

It is also gratifying that, with the good growth and positive earnings trend, we are also delivering strong cash flows. So far this year, cash flow after investments amounts to SEK 128 (-21) million, corresponding to SEK 4.51 per share. For the last 12-month period, cash flow totalled SEK 224 million, or SEK 7.89 per share.<\/span><\/em><\/span><\/span><\/span><\/p>\n

We continue to win new customers and projects in a convincing way. The order situation is strong and about 10% above last year. However, during Q4 we expect continued fluctuations in volumes in ongoing customer assignments due to the current pandemic. Thereafter, we continue to see very good opportunities to reach our long-term growth target of 10% per year\u201d, <\/span><\/em>says Johannes Lind-Widestam, President and CEO. <\/span><\/span><\/span><\/span><\/p>\n

NOTE's Interim Report for January-September is available from today in PDF format on the group's website, www.note-ems.com, and is attached to this press release. NOTE is organising a conference call for analysts, media and investors at 10:00 a.m. CET today, where President and CEO Johannes Lind-Widestam will present the report. The year-end report for 2022 will be presented on 27 January 2023. <\/span><\/span><\/p>\n

For further information, please contact:
\nJohannes Lind-Widestam, President and CEO, tel. 070-541 72 22\u00a0
\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, 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.eu<\/span><\/span><\/em><\/a>.<\/span><\/span><\/em><\/span><\/span><\/p>\n

This information is information that NOTE AB (publ) 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, on 17 October<\/span><\/span><\/span><\/em> 2020 at 08.30 CET.<\/span><\/span><\/span><\/em><\/span><\/span><\/p>\n

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Attached files<\/strong>
Interim report Q3 2020<\/a>
Press release<\/a><\/p>\n<\/div>\n