STOCKHOLM – Note reported flat sales in the second quarter while continuing to build profitability and cash flow, prompting the company to narrow its full-year sales guidance.

Second-quarter revenue reached approximately $91.3 million, in line with expectations despite sluggish demand in the UK. Operating margin remained solid at 9.6%, reflecting the company’s ongoing investments in technology. Net profit for the quarter totaled around $7.1 million, up from $6.3 million the prior year.

Note now expects full-year revenue between $364 million and $383 million, trimming the top end of its previous forecast.

• Next