Standard of Excellence: Speed vs. Quality in Customer Service
Knocking Down the Bone Pile: Revamp Your Components with BGA Reballing
Global Sourcing Spotlight: Balancing Speed and Flexibility Without Sacrificing Control
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:
Testimonial
"Your magazines are a great platform for people to exchange knowledge. Thank you for the work that you do."
Simon Khesin - Schmoll MaschinenSuggested Items
Firefly Aerospace Announces Strategic Acquisition of SciTec to Advance National Security Capabilities
10/07/2025 | Firefly AerospaceFirefly Aerospace, a market leading space and defense technology company, has entered into a definitive agreement to acquire SciTec, Inc., a leader in advanced national security technologies, for approximately $855 million through a combination of $300 million in cash and $555 million in Firefly shares issued to SciTec owners at a price of $50 per share.
High-Tech Hill Technology Park Opens: Four New Factories Launched
09/26/2025 | TeltonikaThe ambitious vision announced in late 2020 to build a world-class technology park in Liepkalnis, Vilnius, has become a reality. AGP Investments, led by entrepreneur Arvydas Paukštys, together with high-tech leaders Teltonika and TLT, today inaugurated four new factories at the Vilnius High-Tech Hill Technology Park.
U.S. Manufacturing Jobs Decline Amid Tariffs and Immigration Crackdown
09/17/2025 | I-Connect007 Editorial TeamManufacturers in the U.S. are cutting jobs even as President Donald Trump pushes policies he says will revitalize the industry. Employers shed 12,000 manufacturing jobs in August, while payrolls in the sector have fallen by 42,000 since April, according to a new analysis from the Center for American Progress (CAP) based on government labor data.
Defense Speak Interpreted: If CHIPS Cuts Back, What Happens to Electronics Packaging Funds?
09/02/2025 | Dennis Fritz -- Column: Defense Speak InterpretedIn my May column, I examined the topic of the CHIPS Act and its current status as a U.S. government program. I found that CHIPS activities continue, but some corporations have delayed or canceled them because of budget cuts or corporation-specific problems. However, CHIPS integrated circuits—mostly administered by the Department of Commerce—don’t fully drive the electronics interconnection activity being funded by the government. Let’s cover the progress/status of other programs:
Ecolab to Acquire Ovivo’s Electronics Ultra-Pure Water Business
08/15/2025 | EcolabEcolab Inc. has entered into a definitive agreement to acquire Ovivo’s Electronics business, a leading and fast-growing global provider of breakthrough ultra-pure water technologies for semiconductor manufacturing.