NOTE’s Interim Report January

Financial Performance July-September

  · The provision for bad debt was increased by SEK 8.4 million in the third
quarter.
The underlying operating profit for the period was SEK 3.8 (10.5) million.
  · Sales were SEK 200.8 (234.0) million.
  · Operating profit was SEK -4.6 (10.5) million.
  · Operating margin was -2.3% (4.5%).
  · Profit after financial items was SEK -6.5 (8.3) million.
  · Profit after tax was SEK -7.9 (6.5) million, corresponding to SEK -0.28
(0.23) per share.
  · Cash flow after investments was SEK 6.3 (21.7) million, or SEK 0.22 (0.75)
per share.

Financial Performance January–September

  · Sales were SEK 651.7 (788.8) million.
  · Operating profit was SEK -0.7 (31.4) million. The underlying operating
profit, excluding provisioning for bad debt, was SEK 7.7 (31.4) million.
  · The operating margin was -0.1% (4.0%).
  · Profit after financial items was SEK -5.2 (25.9) million.
  · Profit after tax was SEK -7.0 (20.4) million, corresponding to SEK -0.24
(0.71) per share.
  · Cash flow after investments was SEK 0.3 (71.0) million, or SEK 0.01 (2.46)
per share.

Significant events in the period

New customer collaborations
NOTE extended and deepened its manufacturing partnerships with Powernet,
Finland, and Bravida Fire & Security, Sweden. NOTE also secured two attractive
new business deals on advanced communications, one project in Sweden with high
potential, and one for its Industrial Plant in Estonia.

Increased provision for doubtful debt
An additional provision of SEK 8.4 million was made in the third quarter for the
customer that encountered financial difficulties last year. The provision is a
total of SEK 21.0 million, corresponding to the total risk exposure to this
customer.


NOTE’s Interim Report for January–September is now available in PDF format on
the corporate web site, www.note.eu, and attached to this message. The Year-end
Report for 2013 will be published on 6 February 2014.


For more information, please contact:
Peter Laveson, CEO and President, tel. +46 (0)8 568 99006, +46 (0)70 433 9999
Henrik Nygren, CFO, tel. +46 (0)8 568 99003, +46 (0)70 977 0686


About NOTE
NOTE is one of the leading Northern European manufacturing and logistics
partners for electronics production. NOTE produces PCBAs, sub-assemblies and box
build products. NOTE's offering covers the whole product lifecycle, from design
to after-sales. NOTE has a presence in Sweden, Norway, Finland, the UK, Estonia
and China. In 2012, net sales were SEK 1,029 million; the group has
approximately 900 employees. NOTE is listed on the NASDAQ OMX Stockholm
Exchange. For more information, please go to www.note.eu.

NOTE AB (publ) discloses the information provided herein pursuant to the
Securities Markets Act. The information was submitted for publication on 21
October 2013 at 8:30 a.m.
NOTE’s Interim Report January–September 2013

Attachments
