Note jumps after 'somewhat resilient' Q3 results

Note AB (publ)

14/10/2024 11:01

** Shares in Note AB  NOTE.ST  are up 6.8% after the Swedish
electronics manufacturing services provider reported Q3 revenue
and EBIT at the high end of its guidance
    ** "Note demonstrated somewhat resilience in EBIT margins
despite significantly weaker market conditions," Pareto analyst
Thomas Blikstad says
    ** He adds the group's Q4 outlook indicates no further
negative surprises but also no year-end recovery
    ** Blikstad says the report "underscored the potential
beyond the short-term challenges", adding he believes Note is
well positioned for the expects cyclical recovery in 2025
    ** The shares are on track for their best day since
end-January if the gains hold

 (Reporting by Anna Chaberska)
 ((Anna.chaberska@thomsonreuters.com))