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2016-10-25

NOTE: NOTE's Interim Report January-September 2016

Financial performance July-September
· Sales were SEK 248.4 (261.5) million. Excluding the divestment of
the Norwegian operations sales were in line with the previous year.

· Operating profit rose to SEK 14.1 (11.6) million.
· Operating margin expanded by 1.3 percentage points to 5.7% (4.4%).
· Profit after financial items increased to SEK 12.9 (10.4) million.
· Profit after tax was up to SEK 11.1 (9.8) million, corresponding to
SEK 0.38 (0.34) per share.

· Cash flow after investments increased to SEK 6.5 (-24.0) million, or
SEK 0.23 (-0.83) per share.

Financial performance January-September
· Sales were SEK 809.9 (816.3) million. Excluding divestment sales
increased by just over 2%.

· Operating profit rose to SEK 43.7 (34.7) million.
· Operating margin expanded by 1.1 percentage points to 5.4% (4.3%).
· Profit after financial items increased to SEK 39.4 (30.6) million.
· Profit after tax was up to SEK 32.3 (27.6) million, corresponding to
SEK 1.12 (0.96) per share.

· Cash flow after investments increased to SEK 37.7 (-20.3) million,
or SEK 1.31 (-0.70) per share.

CEO's comment
"NOTE is one of the leading electronics manufacturers in the Nordics
with first class quality and delivery precision. In the period, we've
improved profitability and strengthened our cash flow. Increased
service content in our sales, in combination with a number of
successful costs measures, contributed to operating profit increasing
SEK 9.0 million to SEK 43.7 million. At the same time, operating
margin expanded 1.1 percentage points to 5.4%. In the third quarter,
operating margin improved to 5.7%.

Cash flow after investments improved to SEK 37.7 million in the
period. In the last 12-month period, cash flow was SEK 63.2 million,
corresponding to SEK 2.19 per share. Our Balance Sheet remains one of
the sector's strongest, with low net debt and an equity to assets
ratio of 44.7%.

We focus on sales growth and profitability and perceive continued
positive potential for increasing our market share over time, both
for existing and new customers", says Stefan Hedelius, CEO and
President.

NOTE's Interim Report for January-September is now available in PDF
format on the corporate web site, www.note.eu, and attached to this
message. The Year-end Report for 2016 will be published on 7
February, 2017.

For more information, please contact:
Stefan Hedelius, CEO and President, tel. +46 (0)76 100 0731
Henrik Nygren, CFO, tel. +46 (0)8 568 99003, +46 (0)70 977 0686
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 1,115 million; the group has
approximately 1,000 employees. NOTE is listed on Nasdaq Stockholm.
For more information, please go to www.note.eu.

NOTE AB (publ) discloses the information provided herein pursuant to
the Market Abuse Regulation and Nasdaq Stockholm's Rule book for
Issuers. The information was submitted for publication on 25 October
2016 at 8:30 a.m. (CEST).

-----------------------------------------------------------
http://news.cision.com/note/r/note-s-interim-report-january-september-20...
http://mb.cision.com/Main/165/2107441/579523.pdf
http://mb.cision.com/Public/165/2107441/ad415d8be2076ee2.pdf

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