1. Sweden Stocks

  2. •

    Electronic technology

  3. •

    Electronic production equipment
NOTE AB

NOTE AB

15.63
EUR
-0.36
(-2.25%)
0.85EPS
16.68P/E
406.82MMarket Cap
Oct 23Next Earn
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
31.41
33.39
38.84
38.03
40.72
47.75
63.16
66.04
92.48
127.22
146.41
135.35
133.86
144.34
Basic EPS, GAAP
0.02
0.85
1.2
1.57
2.5
2.22
3.31
4.08
6.79
8.77
11.04
8.61
9.89
9.46
Free Cash Flow per Basic Share
-0.21
0.08
0.18
1.37
0.89
0.13
2.69
6.05
-2.16
0.09
8.52
17.18
12.72
8.34
Dividend per Share
0.75
- -
0.5
0.7
0.7
1
0.7
- -
- -
- -
- -
- -
7
- -
Book Value per Share
8.25
9.36
9.95
11.01
12.79
13.29
16.69
20.01
28
37.9
48.17
57.52
57.73
64.14
Tangible Book Value per Share
5.61
6.58
7.16
8.23
10.02
8.61
11.79
15.56
21.83
30.99
37.44
46.05
32.6
8.44
Basic Weighted Avg Shares
29
29
29
29
29
29
28
28
29
29
29
29
28
29
Sales/Revenue/Turnover
907
964
1,122
1,098
1,176
1,379
1,760
1,874
2,643
3,687
4,243
3,901
3,814
4,118
Operating Margin (%)
1.11
3.25
4
5.69
5.73
6.5
7.13
7.02
9.88
9.75
8.94
9.1
10.05
9.42
Depreciation Expense
11
8
13
15
16
19
44
49
66
83
112
122
123
146
Net Income, GAAP
1
25
35
45
72
64
92
116
194
254
320
248
282
270
Effective Tax Rate (%)
45.1
14.72
13.02
16.99
18.74
18.43
20.45
18.85
18.03
18.19
17.93
20.11
20.04
19.88
Profit Margin (%)
0.07
2.55
3.09
4.12
6.14
4.66
5.24
6.17
7.34
6.9
7.54
6.36
7.39
6.56
Working Capital
110
128
143
175
237
195
248
353
528
783
897
1,058
628
390
LT Debt
4
10
10
7
12
12
59
95
158
153
277
250
229
884
Total Equity
238
270
287
318
369
384
465
568
800
1,098
1,396
1,638
1,648
1,831
Return on Invested Capital (%)
1.39
7.37
9.61
11.14
15.81
12.54
14.55
15.84
19.44
18.29
17.73
12.22
12.45
10.54
Return on Capital (%)
0.78
7.83
9.38
10.85
15.85
12.56
14.92
16.49
20.03
18.29
18.45
12.64
12.86
9.16
Return on Common Equity (%)
0.26
9.67
12.43
14.94
20.99
17.07
21.74
22.4
28.37
26.78
25.65
16.35
17.14
15.54

Capital Structure

SEK

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
595
1,038
903
LT Borrowings
7
618
609
LT Finance Leases
222
283
275
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
29
29
29
Market Capitalization
5,159
4,825
4,506

Working Capital

SEK

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
2,075
2,484
2,483
Cash, Cash Equivalents & STI
293
338
147
Accounts Receivable, Net
847
984
1,035
Inventories
868
1,043
1,155
Total Current Liabilities
1,447
2,156
2,093
Payables & Accruals
- -
- -
- -
ST Debt
595
1,038
903
Deferred Revenue
- -
- -
- -

Growth Rates

SEK

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
19.73%
24.66%
0.6%
Free Cash Flow
1,158.39%
1,794.58%
-26.81%
Net Income, GAAP
26.39%
23.15%
13.59%
Sales/Revenue/Turnover
14.17%
17.07%
-2.22%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

SEK

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1,055
1,012
809
1,025
3,901
2025
1,003
980
- -
1,001
3,814
2026
962
1,175
- -
- -
- -

Quarterly Earnings Per Share

SEK

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
2.21
2.35
1.49
2.56
8.61
2025
2.28
2.67
- -
3.01
9.89
2026
1.82
1.96
- -
- -
- -

Quarterly Dividends Per Share

SEK

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
7
2026
- -
- -
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Johannes Lind-Widestam
Full Time Employees
1,552
Sector
Electronic technology
Industry
Electronic production equipment
Address
Box 3691 Stockholm AB Sweden 103 59
IPO Date
Jun 1, 2004
Website
note.eu
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Business
NOTE AB (publ) NOTE AB (publ) is a Sweden-based contract electronics manufacturer (EMS) providing advanced production technology services, including development, sourcing and logistics, manufacturing of printed circuit board assemblies (PCBA), sub-assemblies and box build products, as well as after-sales services; the company specializes in high-mix, technically complex electronics for customers requiring flexibility throughout the product lifecycle. NOTE AB (publ) serves key segments such as medtech (healthcare instruments and implantable devices), industrial (energy, automation, agriculture, transportation, infrastructure), communication (high-speed optical products, wireless equipment, transmission units, network solutions), greentech (emerging sustainable technologies) and security & defence (reliable, durable electronics with strict confidentiality); it operates facilities in Sweden, Finland, the United Kingdom, Bulgaria, Estonia, China and internationally, with headquarters in Stockholm, Sweden, where the parent company, sourcing operations and group management are based. Founded in 1999 through the formation of the NOTE group from EuroSupply Nordic and subsequent mergers including Norrtälje Elektronik, the company has expanded via acquisitions such as Trienta in Sweden, ITAB Elektronik plants, units in Skellefteå (Sweden), Hyvinkää (Finland) and Pärnu (Estonia), Nordic-Printdesign (Norway, rebranded NOTE Oslo), joint ventures in China (IONOTE) and Poland (NOTEFideltronik), and more recently completed the acquisition of Kasdon Group in the United Kingdom in October 2025 to strengthen its defense sector position following an agreement signed in September 2025 accompanied by a directed share issue; in its Q2 2025 earnings, NOTE AB (publ) projected 5-10% growth for the second half of 2025 while considering further acquisitions of European companies with sales exceeding €20-25 million, alongside leadership enhancements including the appointment of Bahare Mackinovski as Chief Sales and Marketing Officer in July 2025.