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© homiel-dreamstime.com Electronics Production | February 12, 2013

Note: Up EUR 3.03 million despite shaky economy

Contract manufacturer Note continues on it's established path - namely, going up. Operating income for 2012 landed at EUR 3.03 million.
"The year was characterized by continued weak demand in many of our geographic markets. Our sales, which in short term is closely linked to volume growth in ongoing customer orders, fell by 15% to 1'029, 9 million (SEK). The decline was mainly in Sweden and Finland, while sales growth in Norway and England was more stable, "writes the company.

Financial Performance January-December
  • Sales amounted to EUR 120 (141) million.
  • Operating profit amounted to EUR 3.03 (7.5) million. Underlying operating profit, excluding provision for potential bad debt, amounted to 4.5 (7.5) million, representing an operating margin of 3.7% (5.3%). • Operating margin was 2.5% (5.3%).
  • Profit after financial items amounted to EUR 2.2 (6.5) million.
  • Profit after tax amounted to EUR 12.6 (39.4) million, which corresponds to 0.44 (1.36) EUR / share. Excluding the provision for bad debt, earnings per share were 0.86 (1.36) EUR / share.
  • Cash flow after investments was EUR 11.3 (6.59) million, which corresponds to 3.36 (1.96) / share.

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