Brief: Note Q1 Oper Profit Up At SEK 40 Mln

Note AB (publ)

19/04/2021 07:33

April 19 (Reuters) - Note AB (publ)  NOTE.ST :
    * NOTE'S INTERIM REPORT JANUARY-MARCH 2021
    * Q1 OPERATING PROFIT WAS UP BY 21% TO SEK 40 (33) MILLION.
    * JAN-MAR SALES INCREASED BY 6% TO SEK 502 (475) MILLION
    * WE INCREASED OUR INVENTORIES DURING Q1, WHICH IN
SHORT-TERM
WEIGHED ON OUR CASH FLOW
    * IN WAKE OF PANDEMIC, OUR GROWTH CLEARLY SLOWED DOWN DURING
SECOND HALF OF LAST YEAR
    * FOR SOME TIME NOW, HOWEVER, WE HAVE SEEN A VERY STRONG
RECOVERY
IN DEMAND, BOTH FROM OUR ESTABLISHED CUSTOMER BASE AND FROM NEW
CUSTOMER PARTNERSHIPS
    * I CONSIDER CONDITIONS AS VERY GOOD TO ACHIEVE GROWTH OF
10%-20%
FOR FULL YEAR AND CONTINUE OUR POSITIVE PROFITABILITY TREND -
CEO

Source text for Eikon:  ID:nWkr4w4mCn 
Further company coverage:  NOTE.ST 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 7696600;))