NOTE AB Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
October 17, 2023 at 02:30 am EDT
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NOTE AB (publ) reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was SEK 1,034 million compared to SEK 930 million a year ago. Net income was SEK 65 million compared to SEK 40 million a year ago. Basic earnings per share from continuing operations was SEK 2.24 compared to SEK 1.37 a year ago. Diluted earnings per share from continuing operations was SEK 2.24 compared to SEK 1.37 a year ago.
For the nine months, sales was SEK 3,163 million compared to SEK 2,649 million a year ago. Net income was SEK 229 million compared to SEK 155 million a year ago. Basic earnings per share from continuing operations was SEK 7.89 compared to SEK 5.35 a year ago. Diluted earnings per share from continuing operations was SEK 7.89 compared to SEK 5.34 a year ago.
Note publ AB is a Sweden-based company engaged in the provision of manufacturing and logistics services for electronics production. The Companyâs operational segments are divided into two categories: Nearsourcing Centres and Industrial Plants. The Nearsourcing Centres segment comprises selling facilities in Sweden, Norway, Finland and the United Kingdom (UK), which provide development-oriented work in relationship with customers. The Industrial Plants area includes manufacturing units in Estonia and China. The Company specializes in the production of printed circuit board assemblies (PCBAs), sub-assemblies and box build products, as well as in the delivery of product and test management, end of life management, and spare parts, among others. Furthermore, It operates through a number of subsidiaries, such as NOTE Components AB, NOTE International AB, NOTE UK Ltd, NOTE Norge AS, NOTE Hyvinkaa Oy and IONOTE Electronics (Dongguan) Ltd.
NOTE AB 
