NOTE AB Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2023
January 29, 2024 at 01:00 pm IST
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NOTE AB (publ) reported earnings results for the fourth quarter and full year ended December 31, 2023. For the fourth quarter, the company reported sales was SEK 1,080 million compared to SEK 1,038 million a year ago. Net income was SEK 91 million compared to SEK 99 million a year ago. Basic earnings per share from continuing operations was SEK 3.15 compared to SEK 3.44 a year ago. Diluted earnings per share from continuing operations was SEK 3.15 compared to SEK 3.44 a year ago.
For the full year, sales was SEK 4,243 million compared to SEK 3,687 million a year ago. Net income was SEK 320 million compared to SEK 254 million a year ago. Basic earnings per share from continuing operations was SEK 11.04 compared to SEK 8.79 a year ago. Diluted earnings per share from continuing operations was SEK 11.04 compared to SEK 8.78 a year ago.
Note publ AB is a Sweden-based company engaged in the provision of manufacturing and logistics services for electronics production. The Companyâs operational segments are divided into two categories: Nearsourcing Centres and Industrial Plants. The Nearsourcing Centres segment comprises selling facilities in Sweden, Norway, Finland and the United Kingdom (UK), which provide development-oriented work in relationship with customers. The Industrial Plants area includes manufacturing units in Estonia and China. The Company specializes in the production of printed circuit board assemblies (PCBAs), sub-assemblies and box build products, as well as in the delivery of product and test management, end of life management, and spare parts, among others. Furthermore, It operates through a number of subsidiaries, such as NOTE Components AB, NOTE International AB, NOTE UK Ltd, NOTE Norge AS, NOTE Hyvinkaa Oy and IONOTE Electronics (Dongguan) Ltd.