STOCKHOLM – Note announced fourth quarter sales of SEK1.038 billion ($100 million), a 28% increase from the previous quarter.

For the full year, the company reported sales of SEK3.687 billion ($355 million), a 39% increase from 2021.

"Note's operations developed at a record high level during the year. Sales growth for 2022 amounted to 39%. In Q4, we saw our strongest sales figure to date when we as a group for the first time reached over 1 billion in a single quarter. The fourth quarter's turnover of SEK 1,038 million represented a growth of 28%," said Note CEO and President Johannes Lind-Widestam. "We have a strong order position with several exciting customers and projects in the start-up phase, and we see good opportunities to continue our positive development. Based on the current market situation, we see good opportunities to reach a turnover for Q1 of SEK1 billion, which corresponds to a growth of 25%. For the full year 2023, we repeat our guidance for sales of at least SEK4 billion. We’re well positioned to achieve our long-term targets for growth, profitability and sustainability."