STOCKHOLM – NOTE reported third-quarter revenue of roughly $75.1 million, up from $73.2 million in the same period last year – a 2.6% increase, or 6% organic growth when adjusted for currency. Operating profit rose to $6.7 million from $5.8 million, while the adjusted operating margin climbed to 9.3% from 8.3% a year earlier. Net profit grew to $4.9 million from $3.9 million.

For the first nine months of the year, revenue totaled $254.3 million compared to $259.7 million in the same period of 2024. Adjusted operating profit rose to $24.5 million from $23.1 million, pushing the adjusted operating margin up to 9.6% from 8.9%.

CEO Johannes Lind-Widestam highlighted that this return to growth comes amid lingering geopolitical and macroeconomic pressures. NOTE also strengthened its UK footprint by signing an agreement to acquire UK EMS provider Kasdon at the end of the quarter.

Looking ahead, NOTE projects fourth quarter revenue between $90.5 million and $95 million, factoring in a $2.7–3.6 million negative currency effect, with an operating margin expected in the 10–11% range.

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