WINDSOR, UK – Note has taken steps to reopen its plant here, which has been closed since the end of March and accounts for 10% of the firm’s sales.

Capacity utilization at the plant is expected to increase gradually during May and June. The previous suspension of production is expected to result in a production loss in the second quarter of approximately SEK 20 million (US$2 million).

The closure was subject to the UK authorities' support measures, including full compensation for the salary cost of laid-off staff.

All the electronics manufacturer’s plants in Europe and China are now operational. Demand remains high in the medtech area and other segments. The availability of electronic components is still relatively good. Second quarter sales are expected to be approximately SEK 500 million (US$50.8 million), growth exceeding 10%. Both operating profit and operating margin are also expected to strengthen during the quarter.

“Note has recently gained a lot of customers' trust and last year achieved organic growth of about 15%,” said Johannes Lind-Widestam. “During the first four months of the year, growth was 17%, which is clearly above our sales target. We still have many customers in the growth phase, which contributes to our strong growth and earnings development during the first half of the year.”

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