{"id":15612,"date":"2020-09-18T08:30:00","date_gmt":"2020-09-18T06:30:00","guid":{"rendered":"https:\/\/www.note-ems.com\/press-releases\/fortsatt-stark-resultatutveckling-i-note-trots-en-nagot-svagare-marknad-under-q3\/"},"modified":"2025-12-02T08:28:13","modified_gmt":"2025-12-02T07:28:13","slug":"continued-strong-earnings-performance-in-note-despite-a-slightly-weaker-market-in-q3","status":"publish","type":"mfn_news","link":"https:\/\/www.note-ems.com\/en\/pressmeddelande\/fortsatt-stark-resultatutveckling-i-note-trots-en-nagot-svagare-marknad-under-q3\/","title":{"rendered":"Continued strong earnings growth at NOTE despite a slightly weaker market in Q3"},"content":{"rendered":"

NOTE has been progressing very favourably for some time, with increased market shares, strong organic growth and gradually increasing margins. Continued positive earnings progress is expected for the third quarter. The operating margin for Q3 is expected to be approximately 8.01 p.c.t., which is a significant margin improvement on the previous year. The development is particularly strong in Sweden and Finland. However, demand in the UK and China is at a lower level, primarily due to the current pandemic. Together with delays in some new customer projects, this means that sales growth in Q3 - measured in local currencies - is expected to be in the order of 3%, which is slightly lower than our growth target. <\/span><\/span><\/p>\n

\u201dOur underlying business is developing strongly. We continue to win new projects with customers in our existing customer base and continue to convincingly win the trust of new customers. We are optimistic about the future, even though demand in some of our markets has slowed our growth after the summer.\u201d,<\/span><\/span><\/em> says Johannes Lind-Widestam, President and CEO.<\/span><\/span><\/span><\/span><\/p>\n

For further information, please contact:
\nJohannes Lind-Widestam, President and CEO, tel. 070-541 72 22<\/span><\/span>
\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><\/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 18 September 2020.<\/span><\/span><\/em><\/p>\n

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