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Electronics Production | October 13, 2022

Potential bad debt affects NOTE’s profits in the third quarter

EMS provider NOTE says that one of its customers in the UK – a customer active in electric vehicle charging – has applied for administration.

Due to this, NOTE is preparing for a "customer loss" and is reading itself to take a cost of SEK 30 million (EUR 2.7 million) for the entire risk exposure that NOTE has towards the company.

The company states in a short update that this will not affect NOTE’s underlying operations and that the company expects continued high growth for the second half of the year. 

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November 15 2022 12:19 am V20.10.16-1
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