-
- News
- Books
Featured Books
- smt007 Magazine
Latest Issues
Current IssueIPC APEX EXPO 2024 Pre-show
This month’s issue devotes its pages to a comprehensive preview of the IPC APEX EXPO 2024 event. Whether your role is technical or business, if you're new-to-the-industry or seasoned veteran, you'll find value throughout this program.
Boost Your Sales
Every part of your business can be evaluated as a process, including your sales funnel. Optimizing your selling process requires a coordinated effort between marketing and sales. In this issue, industry experts in marketing and sales offer their best advice on how to boost your sales efforts.
The Cost of Rework
In this issue, we investigate rework's current state of the art. What are the root causes and how are they resolved? What is the financial impact of rework, and is it possible to eliminate it entirely without sacrificing your yields?
- Articles
- Columns
Search Console
- Links
- Events
||| MENU - smt007 Magazine
NOTE Reports Strong 1H 2017 Results
July 24, 2017 | NOTEEstimated reading time: 1 minute
EMS firm NOTE has announced sales of SEK 308.4 million for the second quarter of 2017, up by 9% year-on-year. Excluding divestments, the company’s sales increased by 12%. Operating profit, meanwhile, rose to SEK 20.3 million. Profit after financial items increased to SEK 19.3 million, and profit after tax went up to SEK 11.6 million.
For the first half of the year, NOTE reports total sales of SEK 585.5 million, up by 4% year-on-year. Excluding divestments, sales increased by 8%. Meanwhile, operating profit rose to SEK 50.7 million, and adjusted for non-recurring items in the first quarter, operating profit increased to SEK 35.0 (29.6) million. Profit after financial items increased to SEK 48.4 million, and profit after tax was up to SEK 38.5 million.
"I am delighted that our market efforts start to show results—in Q2, sales in our units increased by 12%. We still win new customers' confidence and new exciting projects to our already strong customer base," says Per Ovrén, CEO and president of NOTE. "Our recently announced collaboration with innovator myFC, as well as several ongoing projects in the Internet of Things, represent great growth opportunities for us. Growth combined with cost reductions means that we will continue to strengthen our profitability. During the second quarter, our operating margin improved by 1.1 percentage points to 6.6%. We are financially well-equipped for the future–our balance sheet is one of the strongest in the industry with an equity ratio of just over 46%."
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 1,122 million; the group has approximately 900 employees. NOTE is listed on Nasdaq Stockholm. For more information, please go to www.note.eu.
Suggested Items
SCHWEIZER Announces Preliminary Group Figures for 2023 Financial Year
03/27/2024 | Schweizer Electronic AGThe preliminary and unaudited results of the SCHWEIZER Group confirm the major and successfully completed turnaround in 2023. Sales rose to a record of EUR 139.4 million, exceeding expectations with an increase of 6.4 percent.
LPKF Reports Strategic Successes and Narrowly Achieves Forecast for 2023 Financial Year
03/26/2024 | LPKFLPKF Laser & Electronics SE generated revenue of EUR 124.3 million in the financial year (previous year: EUR 123.7 million) and earnings before interest and tax (EBIT) of EUR 3.7 million (previous year: EUR 6.8 million), putting the EBIT margin at 3.0% (previous year: 5.5%).
Nortech Systems Reports Q4, FY 2023 Results; Full Year Net Sales Up Nearly 4% from Prior Year;
03/21/2024 | BUSINESS WIRENortech Systems Incorporated, a leading provider of engineering and manufacturing solutions for complex electromedical and electromechanical products serving the medical, industrial and defense markets, reported 2023 fourth quarter and full year results for the period ended December 31, 2023.
National Security Contracts Secured by SAIC Top $284 Million in Early 2024
03/18/2024 | SAICScience Applications International Corp. announced it received $284 million in awards from the United States intelligence community in January and February of 2024.
Jabil Posts Second Quarter Results
03/18/2024 | Jabil“Despite revenue headwinds this year, which are expected to be short-term, I’m pleased with the resiliency of our model and our team’s demonstrated ability to execute,” said CEO Kenny Wilson. “Even under these conditions, we expect to deliver strong core operating margins and free cash flow in FY24,” he added.