Improved profitability for the Note in 2016 – evertiq.see

the contract manufacturer Note has had an eventful 2016. During the year the company has received a new ceo and president, sold the business in Norway and at the same time, could the company with to boost up the profitability.

In its year-end report, notify Note that in the year gone by has established over 40 new customer relationships and over time we see good opportunities to increase their market share, in both existing and new customers.

For the full year 2016 sales amounted to 1 098,1 million which is a decline from the previous year get the sales reached 1 121,5 million.

Even if sales were slightly lower this year than in the previous year, operating income increased eur 60.2 million from 45.2 million in 2015. The operating margin was also strengthened it by 1.5 percentage points to 5.5 per cent.

Profit after net financial items increased to eur 54.5 million in 2016, from 39.8 million in 2015. Profit after tax also increased it and finally landed on 45,2 million, up from eur 34.6 million.

– 2016 was another strong year for Note, with increased profitability and strengthened cash flow. Increased service content in the sales in combination with several successful initiatives on the cost side contributed to the operating profit improved by 15.0 million eur 60.2 million, ” says Stefan Hedelius, president and chief executive officer