STOCKHOLM — Note expects to see SEK 1 billion (US $98 million) in revenue this quarter, which would mark the first time the company has met that amount in a single quarter.

With demand remaining strong, Note expexts its turnover for 2023 to amount to at least SEK 4 billion ($391 million). The company also expects that profitability in both actual numbers as well as in percentage will continue to strengthen during 2023.

The company has a financial target of reaching a turnover of SEK 5 billion ($490 million) by 2025 at the latest, and is currently ahead of the schedule that was set when the financial targets were adopted. Note is also ahead of the initial schedule of reaching an operating margin of 10% by 2025 at the latest and predicts that the target will be reached earlier.

“Note's momentum remains strong and we continue to grow and gain market share. Our home market in northern Europe continues to develop despite a turbulent environment. With a near doubling of Note's turnover in the last two years, I feel great confidence in our ability to reach the financial targets we set up for the company,” said Johannes Lind-Widestam, Note CEO and president.

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