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About Us

NOTE is one of northern Europe's leading EMS partners, producing PCBAs, subassemblies and box build products. NOTE's offering covers the whole product lifecycle, from design to after-sales. NOTE has a presence in Sweden, Finland, the UK, Estonia and China. NOTE is listed on Nasdaq Stockholm. For more information, please go to https://www.note-ems.com/

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  • NOTE
    Borgarfjordsgatan 7, 164 40 Kista
    +46 (0)8 568 990 00
    https://www.note-ems.com/
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    NOTE’s Year-end Report 2022

    Financial performance in Q4 (October-December)• Sales increased by 28% to SEK 1,038 (814) million. Adjusted for acquisitions and currency effects, organic growth was 8%. Re-invoicing of extraordinary  cost increases on electronic components had no significant impact on growth as the corresponding re-invoicing also occurred during the fourth quarter of the  previous year.• Operating profit was SEK 129 (87) million and corresponded to an operating margin of 12.3% (10.6%). Adjusted for the SEK +15 million profit effect linked to reversal of 50% of  the SEK 30 million doubtful debt

    NOTE’s Year-end Report 2021

    Financial performance in Q4 (October-December)• Sales increased by 75% to SEK 814 (466) million. Adjusted for acquisitions and currency effects, growth was 48%.• Operating profit was up by 125% to SEK 87 (38) million. Operating profit includes positive non-recurring items of SEK 5 million.• Operating margin increased by 2.3 percentage points to 10.6% (8.3%), adjusted for non-recurring items, the operating margin was 10.0%.• Profit after tax increased by 115% to SEK 68 (32) million, corresponding to SEK 2.39 (1.12) per share.• Cash flow after investments was negatively impacted by

    NOTE’s Year-end Report 2020

    Financial performance in October–December• Sales decreased by 4% to SEK 466 (483) million. Adjusted for currency effects, sales were at the same level as the previous year.• Operating profit was up by 8% to SEK 38 (35) million.• Operating margin widened by 0.9 percentage points to 8.3% (7.4%).• Profit after net financial items increased by 17% to SEK 40 (33) million.• Profit after tax increased by 21% to SEK 32 (26) million, corresponding to SEK 1.12 (0.94) per share.• Cash flow after investments amounted to SEK 44 (96) million, or SEK 1.55 (3.44) per share. Financial

    NOTE’s Year-end Report 2019

    Financial performance October–December• Sales increased by 22% to SEK 483 (397) million. Excluding acquisitions, growth was 20%.• Operating profit was up by 27% to SEK 35 (28) million.• The operating margin widened by 0.3 percentage points to 7.4% (7.1%).• Profit after financial items increased by 24% to SEK 33 (27) million.• Profit after tax increased to SEK 26 (24) million, corresponding to SEK 0.90 (0.83) per share.• Cash flow after investments including acquisitions amounted to SEK 96 (-81) million, or SEK 3.32 (-2.80) per share.Financial performance January–December•

    NOTE’s Year-end Report 2018

    Financial performance October–December• 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. Financial performance January–December• Sales increased by 17% to SEK

    NOTE’s Year-end Report 2017

    Financial performance October–December• Sales increased by 13% to SEK 325.0 (288.2) million.• Operating profit rose to SEK 22.6 (16.5) million.• Operating margin expanded by 1.3 percentage points to 7.0% (5.7%).• Profit after financial items increased to SEK 21.6 (15.1) million.• Profit after tax rose to SEK 17.8 (12.9) million, corresponding to SEK 0.62 (0.45) per share.• Cash flow after investments amounted to SEK 1.8 (3.2) million, or SEK 0.06 (0.11) per share.Financial performance January–December• Sales amounted to SEK 1,175.7 (1,098.1) million. Excluding divestments,

    NOTE’s Year-end Report 2016

    Financial performance October–December• Sales were SEK 288.2 (305.2) million, excluding divestments sales decreased by 1%.• Operating profit rose to SEK 16.5 (10.5) million.• Operating margin expanded by 2.3 percentage points to 5.7% (3.4%).• Profit after financial items increased to SEK 15.1 (9.2) million.• Profit after tax was up to SEK 12.9 (7.0) million, corresponding to SEK 0.45 (0.24) per share.• Cash flow after investments was SEK 3.2 (25.4) million, or SEK 0.11 (0.88) per share.Financial performance January–December• Sales were SEK 1,098.1 (1,121.5) million,

    NOTE’s Year-end Report 2013

    Financial Performance October–December• Sales were SEK 255.3 (240.4) million.• The operating profit was SEK 9.7 (-5.4) million.• The operating margin was 3.8% (-2.3%).• The profit after financial items was SEK 6.4 (-6.8) million.• The profit after tax was SEK 7.7 (-7.8) million, corresponding to SEK 0.27 (-0.27) per share.• Cash flow after investments was SEK -2.3 (26.1) million, or SEK -0.08 (0.90) per share. Financial Performance January–December• Sales were SEK 907.0 (1,029.2) million.• The operating profit was SEK 9.0 (26.0) million. Underlying operating profit,

    NOTE’s Year-end Report 2010

    Continued sales growth, 3.3% operating margin and strong cash flowFinancial Performance October–December• Sales increased by 26% to SEK 366.8 (291.5) million. In like-for-like terms, sales increased by 37%.• Operating profit was SEK 12.2 (-2.7) million, or an operating margin of 3.3% (-0.9%).• The profit after financial items was SEK 8.1 (-4.2) million.• The profit after tax was SEK 2.0 (-9.9) million, or SEK 0.07 (-0.63) per share.• Cash flow after investments was SEK 40.2 (14.2) million, or SEK 1.39 (0.90) per share.• Dividend – the Board of Directors is proposing to the AGM

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