Global Sourcing Spotlight: Tariffs—The New Reality
Knocking Down the Bone Pile: Gold Mitigation for Class 2 Electronics
Punching Out: Your Financial Preparation for a Sale
NOTE Reports Positive Progress in Q1 2017
April 20, 2017 | NOTEEstimated reading time: 1 minute
NOTE has reported first quarter sales of SEK 277.1 million and operating profit of SEK 30.4 million. Operating margin was 11%, and adjusted for non-recurring items, expanded by 0.2 percentage points to 5.3%. Profit after financial items increased to SEK 29.1 million, while profit after tax was SEK 26.9 million.
"Our positive progress in the first quarter continued. We secured several new customers, as well as new and exciting projects in our already-strong customer base. Sales increased in Sweden and Finland. In China, the market for some of our major customers was cooler. However, there is good reason to believe that our sales growth in China will recover momentum going forwards. Positive is the very brisk start for our unit in Estonia, one of our larger units, this year–sales in the first quarter were at record levels," said Stefan Hedelius, CEO and President.
"For the first quarter sales were SEK 277 million. Adjusting for the divestment of our Norwegian entity, we achieved sales growth of over 4%. Our operating profit increased by SEK 16.2 million to SEK 30.4 million. The operating profit had positive impact from the divestment of industrial property, and negative from restructuring costs, primarily at one of our Swedish sites. Adjusting for these non-recurring items, underlying operating profit increased by SEK 0.5 million to SEK 14.7 million, and operating margin expanded by 0.2 percentage points to 5,3%, which was positive."
"Including the property sale, our cash flow after investments increased some SEK 50 million to SEK 77,8 million, or SEK 2.70 per share. We are well placed financially for the future–our Balance Sheet remains one of the sector’s strongest with an equity to assets ratio of 45.2%."
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 1,096 million; the group has approximately 900 employees. NOTE is listed on Nasdaq Stockholm. For more information, please click here.
Share on:
Suggested Items
MKS Instruments Reports Q1 2025 Financial Results
05/16/2025 | Globe NewswireMKS Instruments, Inc., a global provider of enabling technologies that transform our world, today reported first quarter 2025 financial results.
Zhen Ding Reported Its 1Q25 Results, with Revenue Hitting a Record High for the Same Period
05/16/2025 | Zhen Ding TechnologyZhen Ding Technology Holding Limited a global leading PCB manufacturer, today announced its consolidated financial results for the first quarter of 2025.
Nortech Systems Reports Q1 Results; Net Sales of $26.9 Million
05/15/2025 | Globe NewswireNortech Systems Incorporated, a leading provider of engineering and manufacturing solutions for complex electromedical and electromechanical products serving the medical imaging, medical device, industrial and aerospace & defense markets, reported financial results for the first quarter ended March 31, 2025.
indie Semiconductor Reports Q1 2025 Results
05/13/2025 | BUSINESS WIREindie Semiconductor, Inc., an automotive solutions innovator, today announced first quarter results for the period ended March 31, 2025. Q1 revenue was up 3.3 percent year-over-year to $54.1 million with Non-GAAP gross margin of 49.5 percent. On a GAAP basis, first quarter 2025 operating loss was $38.9 million compared to $49.6 million a year ago.
Keytronic Announces Results for Q3 of Fiscal Year 2025
05/12/2025 | KeytronicKey Tronic Corporation, a provider of electronic manufacturing services (EMS), announced its results for the quarter ended March 29, 2025.