NOTE AB (publ) (NOTE) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

This morning, Note has published a report for the second quarter in the financial year of 2026. Standing beside me to give us a presentation and also participate in a Q&A, I have the company's CEO, Johannes Lindh Videstam, as well as CFO, Frida Frygström. Welcome. Thank you. You will give a short presentation and afterwards I will return to ask some questions along with our viewers and analysts. Go ahead. Thank you. Normally, I try to summarize the quarter, how it went, and we can say that the market still continues to show strength. We see order intake is strong. We see some very positive customer wins that we have presented. We also see that the component market is getting a little bit more constrained. That means that we have seen lead time expansions which has affected our top line a little bit. Since our top line went down a little bit, we also see that our cash flow is a bit weaker, but Frida will come back to all the numbers. But all in all, I would say that we continue to build for the future. We extended our factory in Torsby and in Kasten, and we will see factory moves in Lund and Hyvinke. I will come back to those later. So all in all, I think the quarter is fairly good. I would have liked some more top line, but that will come in the second half instead. So with that said, I move over to you, Frida. Thank you, Jonas. So this is the numbers for Q2, and we report our highest sales ever in a quarter, with sales of 1,175,000,000. This is an increase of 20%, where 1% is organically. So we see strong sales coming in from our latest acquisitions, Keston and SDI, which are performing in line with our expectations. We achieved an underlying operating profit of 112 million, an increase with 19%, and we have an underlying operating margin of 9.6%, also in line with ...