STOCKHOLM – Electronics manufacturer Note updated its financial targets and sustainability goals today. By 2025, the firm is targeting a sales level of at least SEK 5 billion (US$548.3 million). The EMS company predicts high organic growth complemented by acquisitions.

The company expects to reach an operating margin of at least 10%.

Other financial targets regarding capital structure and dividends remain unchanged: The minimum equity/assets ratio should be 30%; future profit dividends should primarily be adapted to Note’s investment requirements and financial position.

Note’s sustainability goal is that from 2022 operations should be 100% carbon-dioxide neutral. All units within Note should be work-environment certified in accordance with ISO 45000.

“Note is still in a significant expansion phase,” said Johannes Lind-Widestam, CEO and president. “Based on a clear strategy with a focus on profitable growth, a strong customer base and efficient plants for electronics production, we are gaining increasing market shares. We see good opportunities to double our sales again within a few years and at the same time continue our positive earnings trend. Therefore, we have chosen to update and clarify our financial targets. Since we have been conducting active sustainability work for a long time, we have also chosen to present clear sustainability goals, which I am also very proud of.”

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