NOTE’s Year-end Report 2018
Finantsnäitajad oktoober-detsember
• Sales increased by 22% to SEK 396.5 (325.0) million.
• Operating profit rose by 24% to SEK 28.1 (22.6) million.
• Operating margin expanded by 0.1 percentage points to 7.1% (7.0%).
• Profit after financial items increased by 25% to SEK 27.1 (21.6) million.
• Profit after tax rose to SEK 24.0 (17.8) million, corresponding to SEK 0.83 (0.62) per share.
• Cash flow after investments, including acquisition, amounted to SEK -80.8 (1.8) million, or SEK -2.80 (0.06) per share.
Finantstulemused jaanuar-detsember
• Sales increased by 17% to SEK 1,378.6 (1,175.7) million.
• Operating profit amounted to SEK 83.9 (93.4) million. The underlying operating profit, adjusted for non-recurring items during the first quarter of last year and for expenses caused by the change of CEO during the third quarter, improved by 17% to 90.9 (77.7).
• Operating margin was 6.1% (7.9%). The underlying operating margin, adjusted for non-recurring items during the first quarter of last year and for expenses caused by the CEO shift during the third quarter, amounted to 6.6% (6.6%).
• Profit after financial items amounted to SEK 78.8 (88.8) million.
• Profit after tax amounted to SEK 64.2 (72.1) million, corresponding to SEK 2.22 (2.50) per share.
• Cash flow after investments, amounted to SEK -76.0 (69.7) million, or SEK -2.63 (2.41) per share.
Dividend
The Board of Directors is proposing a dividend of SEK 0.70 (1.00) per share, corresponding to SEK 20.2 (28.9) million.
CEO’s comment – 2018 was a great year for NOTE
“In 2018, we increased sales by 17% to SEK 1,379 million. Organic growth was 15%, which was seasoned slightly during Nov-Dec with our newly acquired UK company Speedboard Assembly Services. During Q4, growth was 22%. We still see high demand at all home markets, and the order backlog, for comparable units, was just over 25% higher than last year.
Our reported operating profit amounted to SEK 84 million. The underlying operating profit, excluding non-recurring items, improved by 17% to SEK 91 million, corresponding to an operating margin of 6.6%. For Q4, the operating margin was 7.1%.
Growth naturally contributes to increased working capital tied up, which puts pressure on the cash flow. After the fourth quarter's expansive acquisition, and the repurchase of own shares, our balance sheet remained strong with an equity ratio of approximately 40%.
We still see good opportunities to increase our market share. We work hard to ensure that our new company Speedboard will reach its full potential. In addition, our intention is to be active on the acquisition side going forward”, says Johannes Lind-Widestam, President and CEO.
NOTE’s Year-end Report for 2018 is now available in PDF format at the web site, www.note.eu, and attached to this message. The Interim Report for January–March will be published on 25 April.
Lisateabe saamiseks võtke palun ühendust:
Johannes Lind-Widestam, tegevjuht ja president, tel. +46 (0)70 541 7222.
Henrik Nygren, finantsjuht, tel. +46 (0)70 977 0686
Umbes märkus
NOTE on üks Põhja-Euroopa juhtivaid EMS-partnereid, kes toodab PCBAsid., alakoostud ja karbi ehitustooted. NOTE pakkumine katab kogu toote elutsükli, alates projekteerimisest kuni müügijärgse müügini. NOTE on esindatud Rootsis, Soomes, Ühendkuningriigis, Eestis ja Hiinas. Viimase 12 kuu netokäive oli 1 379 miljonit Rootsi krooni; kontsernis töötab ligikaudu 1080 inimest. NOTE on börsil noteeritud Nasdaq Stockholmi börsil. Lisateavet leiate veebilehelt www.note.eu.
See teave on selline teave, mille NOTE AB (publ) on kohustatud avalikustama vastavalt ELi turu kuritarvitamise määrusele. Teave esitati avaldamiseks järgmiste asutuste kaudu Johannes Lind-Widestam, at 8:30 a.m. CET on 5 February 2019.