Brief: Note Q1 Operating Profit Up By 24% To SEK 33 Million

Note AB (publ)

23/04/2020 07:33

April 23 (Reuters) - Note AB (publ)  NOTE.ST :
    * NOTE'S INTERIM REPORT JANUARY-MARCH 2020
    * Q1 SALES SEK 475 MILLION VERSUS SEK 405 MILLION YEAR AGO
    * Q1 OPERATING PROFIT SEK 33 MILLION VERSUS SEK 27 MILLION
YEAR
AGO
    * SALES WERE ADVERSELY AFFECTED BY APPROXIMATELY SEK 20
MILLION
(5%) OF OUR EXTENDED PRODUCTION SHUTDOWN IN CHINA AND
DISRUPTIONS IN SUPPLY OF ELECTRONICS COMPONENTS, BOTH DIRECTLY
ATTRIBUTABLE TO SPREAD OF CORONAVIRUS
    * ORDER BACKLOG CONTINUED TO GROW AT RATE WE EXPECTED AND
WAS 22%
ABOVE LAST YEAR'S LEVEL.

Source text for Eikon:  ID:nWkr5tRstZ 
Further company coverage:  NOTE.ST 

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