macro

NOTE Q3 sales up 27%, but organic growth only 2%

Swedish EMS maker NOTE reported July–September sales of SEK 1,057 million, with organic growth at 2%. Profit after tax rose to SEK 57 million.

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what happened

Swedish electronics manufacturing services company NOTE has published its interim report for the third quarter of 2026. Sales reached SEK 1,057 million, against SEK 830 million a year earlier, an increase of 27%. Adjusted for currency effects and acquisitions, organic growth was 2%.

Operating profit rose to SEK 91 million (74), while the operating margin slipped to 8.6% (9.0%). Profit after tax was SEK 57 million, or SEK 1.98 per share. Operating cash flow fell to SEK 11 million from SEK 121 million a year earlier.

For the first nine months, sales grew 14% to SEK 3,194 million, while organic growth was negative at -1%. The order backlog for the current year is 12% above the prior-year level, and the order book for the first half of 2027 is up about 20%. The information is based on a TradingView publication.

why it matters

For investors, cash flow is the key issue: after investments, total cash flow for the nine months was SEK -799 million, driven by a large inventory build to secure materials. Sales growth came mainly from acquisitions, so organic growth and the conversion of the order backlog will matter for the next reports.

tags

instruments

NOTE AB

sources

  1. Intrum AB (INTRUM) Releases Q3 2026 Interim Report — TradingView, 23 October 2026 at 05:00 UTC
  2. NOTE's Interim Report Q3 2026 — TradingView, 23 October 2026 at 05:30 UTC
  3. Securitas AB Interim Report Q3 2026 — January-September, 23 October 2026 at 06:29 UTC

prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.

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