{"id":15675,"date":"2018-04-26T08:30:00","date_gmt":"2018-04-26T06:30:00","guid":{"rendered":"https:\/\/www.note-ems.com\/press-releases\/notes-delarsrapport-januari-mars-2018\/"},"modified":"2025-12-02T08:28:19","modified_gmt":"2025-12-02T07:28:19","slug":"notes-interim-report-january-march-2031","status":"publish","type":"mfn_news","link":"https:\/\/www.note-ems.com\/en\/pressmeddelande\/notes-delarsrapport-januari-mars-2018\/","title":{"rendered":"NOTE's interim report January-March 2018"},"content":{"rendered":"

Financial performance January-March<\/strong>
- Sales increased by 11% to SEK 308.0 (277.1) million.
- Operating profit totalled SEK 16.8 (30.4) million. Adjusted for non-recurring items in the first quarter of last year of SEK +15.7 million net, operating profit improved to SEK 16.8 (14.7) million.
- The operating margin was 5.51% (11.01%). Adjusted for non-recurring items in the first quarter of last year, the operating margin improved by 0.2 percentage points to 5.51% (5.31%).
- Profit after financial items totalled SEK 15.0 (29.1) million.
- Profit after tax totalled SEK 12.3 (26.9) million, corresponding to SEK 0.43 (0.93) per share.
- Cash flow after investments totalled SEK 13.3 (77.8) million, corresponding to SEK 0.46 (2.70) per share. In the first quarter of last year, cash flow after investments was positively affected by approximately SEK 40 million by the property sale in Lund.<\/span><\/p>\n

CEO commentary<\/strong>
\u201dNOTE noted continued growth and improved profitability in the first quarter compared to the previous year. Interest in our customer offering is high, and we're winning further trust, through expanded partnerships in our already strong customer base and from new customers. In the first quarter, sales increased by 11% to SEK 308 million. Our order books continued to grow, which supports a positive development in the near future.<\/em><\/span><\/p>\n

Increased sales, particularly in Western Europe, contributed to a strong development of the first quarter operating profit to SEK 16.8 million. Adjusted for last year's positive non-recurring items, this meant an improvement in profit of TSEK 151 and a 0.2 percentage point improvement in operating margin to TSEK 5.51.<\/span><\/em><\/span><\/p>\n

We are financially very well positioned for the future - our balance sheet is one of the strongest in the industry, with an equity ratio of 471 CGT3, well above the target of 301 CGT3\u201d<\/em>, says Per Ovr\u00e9n, President and CEO.<\/span><\/p>\n

NOTE's Interim Report for January-March is now available in PDF format on its website, www.note.eu, and is attached to this press release. The Interim Report for January-June will be presented on 15 July.<\/span><\/p>\n

For further information, please contact:
Per Ovr\u00e9n, President and CEO, tel. 073-440 77 27
Henrik Nygren, Chief Financial Officer, tel. 070-977 06 86<\/span><\/p>\n

About NOTE
NOTE is one of northern Europe's leading electronics manufacturing partners. NOTE manufactures printed circuit boards, 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.\u00a0<\/span>Sales in the last 12 months totalled SEK 1,208 million and the group has some 950 employees. NOTE is listed on Nasdaq Stockholm. For more information, please visit www.note.eu.<\/span><\/em><\/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 Per Ovr\u00e9ns, at 08:30 CET on 26 April 2018.<\/span><\/em><\/span><\/p>\n

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Attached files<\/strong>
Interim report Q1 2018<\/a>
Press release<\/a><\/p>\n<\/div>\n