The electronics manufacturer Note, which among other things manufactures circuit boards and components for electronic control systems, monitoring, and security, is warning of unexpected headwinds in sales and pressure on margins.
Revenue for the third quarter is now estimated at 790-910 million kronor, with an operating margin of 7.5-8.0 percent. A certain recovery is expected in the fourth quarter, with revenue of 975-1,025 million kronor and a margin of 9.5 percent, the company writes in a press release.
Revenue for the full year 2024 is therefore estimated at 3.83-3.90 billion kronor, and the operating margin is expected to be 8.2-9.2 percent. The previous forecast for the full year was 4.10-4.40 billion kronor and a margin of 9.5-10.5 percent.
