Financial performance January-March
** Sales increased by 28% to
** Operating profit increased by 48% to
** The operating margin widened by 1.4 percentage points to 10.7% (9.3%).
** Profit after financial items was up by 50% to
** Profit after tax rose by 51% to
** Cash flow after investments amounted to
CEO's comment - NOTE is reporting sales of over
"NOTE's sales in the period made brisk progress and for the second consecutive quarter NOTE reached sales of over 1 billion. Sales of
Growth is driving profitability and the operating margin amounted to 10.7% for the quarter. Continued investments in our modern plants increase our growth, degree of automation and efficiency, which benefits both us and our customers. Shortly after the end of the quarter, we completed an acquisition of the Bulgarian EMS company ATM Electronics OOD. Through the acquisition, we add another profitable plant to the NOTE group and another option for our customers who are looking for cost-effective manufacturing in
The first quarter delivered positive cash flow (after investments) of
Our order backlog was some 20% higher than at the corresponding time last year. Given the strong order situation, we see good potential to continue our positive progress. For the second quarter, we expect a growth of 20% and for the full year 2023 to reach sales of at least
NOTE's Interim Report for January-March is now available in PDF format at the web site, www.note-ems.com, and attached to this message. Today at 10.00 CET, NOTE organises a presentation for analysts, media and investors, where CEO and President Johannes Lind-Widestam presents the report. The Interim Report for January-June will be published on 13 July.
For more information, please contact:
Johannes Lind-Widestam, CEO and President, tel. +46 (0)70 541 7222
Frida Frykstrand, CFO, tel. +46 (0)70 462 0939
About NOTE
NOTE produces PCBAs, subassemblies and box build products. NOTE is a competitive EMS provider and stable business partner to customers with high standards. NOTE's products are embedded in complex systems for electronic control, surveillance and security, for example.
NOTE's business model builds on delivering high end manufacture, custom logistics solutions and consulting for the best possible total cost through long-term customer relationships and partnerships. Its customer offering covers complete product lifecycles, from design to after-sales. Primarily, its customer base consists of large corporations operating on the global market, and enterprises whose main sales are in northern
NOTE has a presence in
This information is such information that
https://news.cision.com/note/r/note-s-interim-report-january-march-2023,c3752595
https://mb.cision.com/Main/165/3752595/1992791.pdf
https://mb.cision.com/Public/165/3752595/ab81b452caf19690.pdf
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