Financial performance July-September
• Sales increased by 11% to
• Operating profit increased by 63% to
• The operating margin widened by 2.9 percentage points to 9.1% (6.2%). Adjusted for doubtful debt in the previous year, the adjusted operating margin was 9.1% (9.4%).
• Profit after financial items was up by 67% to
• Profit after tax rose by 63% to
• Adjusted for acquisition-related payments made in the period, operating cash flow after investments was
Financial performance January–September
• Sales increased by 19% to
• Operating profit increased by 44% to
• The operating margin widened by 1.7 percentage points to 9.9% (8.2%). Adjusted for doubtful debt in the previous year, the adjusted operating margin was 9.9% (9.3%).
• Profit after financial items was up by 49% to
• Profit after tax rose by 48% to
• Adjusted for acquisition-related payments made in the period, operating cash flow after investments was
CEO’s comment – We’re seeing continued high aggregate demand from our customers. We’re growing with profitability, and our operating margin year to date was 9.9%—well in line with our long-term target.
“NOTE’s sales in the third quarter progressed as we expected and reached
For the quarter, the profitability was 9.1%. Our operating margin was somewhat lower than our target due to unusually high fluctuations in demand at some of our customers, which has impacted capacity utilisation in our plants. We reported an operating margin of 9.9% for the first three quarters of the year. NOTE’s business is performing positively, and profitability is consistent with the target we set for our business to achieve by 2025.
Our order position remains strong and we feel confident to repeat our guidance of at least
NOTE’s Interim Report for January–September is now available in PDF format on the corporate 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. NOTE’s Year-end report will be published on
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