SMT Perspectives and Prospects: Warren Buffett’s Perpetual Wisdom, Part 1
Standard of Excellence: Training Your Team to Excel in Customer Service
Smart Automation: What Industry 4.0 Means for Mid-sized Electronics Manufacturing
NOTE Releases Interim Report January-September 2016
October 25, 2016 | NOTEEstimated reading time: 1 minute
NOTE’s Interim Report January–September 2016
Financial performance July–September
- Sales were SEK 248.4 (261.5) million. Excluding the divestment of the Norwegian operations sales were in line with the previous year.
- Operating profit rose to SEK 14.1 (11.6) million.
- Operating margin expanded by 1.3 percentage points to 5.7% (4.4%).
- Profit after financial items increased to SEK 12.9 (10.4) million.
- Profit after tax was up to SEK 11.1 (9.8) million, corresponding to SEK 0.38 (0.34) per share.
- Cash flow after investments increased to SEK 6.5 (–24.0) million, or SEK 0.23 (–0.83) per share.
- Financial performance January–September
- Sales were SEK 809.9 (816.3) million. Excluding divestment sales increased by just over 2%.
- Operating profit rose to SEK 43.7 (34.7) million.
- Operating margin expanded by 1.1 percentage points to 5.4% (4.3%).
- Profit after financial items increased to SEK 39.4 (30.6) million.
- Profit after tax was up to SEK 32.3 (27.6) million, corresponding to SEK 1.12 (0.96) per share.
- Cash flow after investments increased to SEK 37.7 (–20.3) million, or SEK 1.31 (–0.70) per share.
CEO’s comment
“NOTE is one of the leading electronics manufacturers in the Nordics with first class quality and delivery precision. In the period, we’ve improved profitability and strengthened our cash flow. Increased service content in our sales, in combination with a number of successful costs measures, contributed to operating profit increasing SEK 9.0 million to SEK 43.7 million. At the same time, operating margin expanded 1.1 percentage points to 5.4%. In the third quarter, operating margin improved to 5.7%.
Cash flow after investments improved to SEK 37.7 million in the period. In the last 12-month period, cash flow was SEK 63.2 million, corresponding to SEK 2.19 per share. Our Balance Sheet remains one of the sector’s strongest, with low net debt and an equity to assets ratio of 44.7%.
We focus on sales growth and profitability and perceive continued positive potential for increasing our market share over time, both for existing and new customers”, says Stefan Hedelius, CEO and President.
About NOTE
NOTE is one of the leading Northern European manufacturing and logistics partners for production of electronics-based products. NOTE produces PCBAs, subassemblies and box build products. NOTE's offering covers the complete product lifecycle, from design to after-sales. NOTE has a presence in Sweden, Finland, the UK, Estonia and China. Net sales in the last 12 months were SEK 1,115 million; the group has approximately 1,000 employees. NOTE is listed on Nasdaq Stockholm.
Share on:
Testimonial
"Advertising in PCB007 Magazine has been a great way to showcase our bare board testers to the right audience. The I-Connect007 team makes the process smooth and professional. We’re proud to be featured in such a trusted publication."
Klaus Koziol - atgSuggested Items
Thanks a Million: STI Electronics Celebrates Creating 1 Million Power Supply Boards for Night Vision Goggles
07/28/2025 | Sandy Gentry, Community MagazineIn an industry where precision and reliability are paramount, STI Electronics Inc. recently celebrated a remarkable milestone: the production of its 1 millionth power supply board for L3Harris Technologies’ state-of-the-art night vision goggles. This achievement not only marks a significant volume for military electronics manufacturing but also highlights the enduring partnership between STI and L3Harris.
Inside Aimtron’s Cross-border EMS Strategy
07/08/2025 | Nolan Johnson, SMT007 MagazineMukesh Vasani immigrated from a very small farming village in India to the U.S. in 1995 as a civil engineer. After shifting into electronics, Mukesh built his Chicago-based company, Aimtron, into a successful enterprise by combining quality with competitive pricing. He leveraged his roots in India to expand manufacturing without compromising on quality.
Tariff Effects and China Subsidies Soften 1Q25 Downturn; Foundry Revenue Decline Narrows to 5.4%
06/09/2025 | TrendForceTrendForce’s latest investigations find that the global foundry industry recorded 1Q25 revenue of US$36.4 billion—a 5.4% QoQ decline. The downturn was softened by last-minute rush orders from clients ahead of the U.S. reciprocal tariff exemption deadline, as well as continued momentum from China’s 2024 consumer subsidy program.
Nordson Reports Q2 Fiscal 2025 Results and Q3 Guidance
05/30/2025 | BUSINESS WIRENordson Corporation reported results for the fiscal second quarter ended April 30, 2025. Sales were $683 million compared to the prior year’s second quarter sales of $651 million.
Rocket Lab Enters Payload Market with Agreement to Acquire Geost
05/28/2025 | BUSINESS WIRERocket Lab Corporation, a global leader in launch services and space systems, today announced the signing of a definitive agreement to acquire the parent holding company of Geost, LLC (Geost).