Note Swings to Profit of SEK 13.5M in Q3
Published: 27 October 2011
by Staff
DANDERYD, SWEDEN – Electronics manufacturing services provider Note posted third-quarter sales of SEK 272.5 million, up 0.22% year-over-year.
Operating profit was SEK13.5 million, compared to a loss of SEK 4.1 million in last year’s third quarter. The same period in 2010 included structural and other non-recurring costs of approximately SEK 3 million.
For the first nine months of 2011, sales increased 8% to SEK 911.2 million. Operating profit was SEK 49.3 million, compared to a loss of SEK 60.4 million in 2010.
During the third quarter of 2011, the firm’s board agreed to sell Note Tauragé UAB, Lithuania. Manufacturing ceased at that location at the end of 2010.
US$1 = SEK 6.3551
