NOTE Past Earnings Performance

Past criteria checks 2/6

NOTE has been growing earnings at an average annual rate of 25.9%, while the Electronic industry saw earnings growing at 25.9% annually. Revenues have been growing at an average rate of 21.3% per year. NOTE's return on equity is 17.3%, and it has net margins of 6.7%.

Key information

25.9%

Earnings growth rate

25.3%

EPS growth rate

Electronic Industry Growth	24.1%
Revenue growth rate	21.3%
Return on equity	17.3%
Net Margin	6.7%
Next Earnings Update	27 Jan 2025

Recent past performance updates

Some May Be Optimistic About NOTE's (STO:NOTE) Earnings

Oct 22

Recent updates

What Kind Of Shareholders Hold The Majority In NOTE AB (publ)'s (STO:NOTE) Shares?

Mar 14

Is NOTE AB (publ)'s(STO:NOTE) Recent Stock Performance Tethered To Its Strong Fundamentals?

Mar 01

Shareholders of NOTE (STO:NOTE) Must Be Delighted With Their 631% Total Return

Feb 15

Revenue & Expenses Breakdown

How NOTE makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

OM:NOTE Revenue, expenses and earnings (SEK Millions)
Date	Revenue	Earnings	G+A Expenses
30 Sep 24	3,956	266	153
30 Jun 24	4,181	288	154
31 Mar 24	4,247	299	145
31 Dec 23	4,243	320	139
30 Sep 23	4,201	328	131
30 Jun 23	4,097	303	122
31 Mar 23	3,917	283	118
31 Dec 22	3,687	254	115
30 Sep 22	3,463	223	111
30 Jun 22	3,218	231	109
31 Mar 22	2,962	219	107
31 Dec 21	2,643	194	98
30 Sep 21	2,295	158	95
30 Jun 21	2,043	138	88
31 Mar 21	1,901	125	83
31 Dec 20	1,874	116	85
30 Sep 20	1,891	110	86
30 Jun 20	1,892	104	85
31 Mar 20	1,830	94	84
31 Dec 19	1,760	92	83
30 Sep 19	1,674	90	79
30 Jun 19	1,564	79	86
31 Mar 19	1,476	72	86
31 Dec 18	1,379	64	82
30 Sep 18	1,307	58	81
30 Jun 18	1,248	63	73
31 Mar 18	1,207	57	70
31 Dec 17	1,176	72	73
30 Sep 17	1,139	67	74
30 Jun 17	1,122	63	73
31 Mar 17	1,096	62	74
31 Dec 16	1,098	45	72
30 Sep 16	1,115	39	75
30 Jun 16	1,128	38	78
31 Mar 16	1,125	36	78
31 Dec 15	1,122	35	79
30 Sep 15	1,064	35	73
30 Jun 15	1,038	34	73
31 Mar 15	1,007	31	71
31 Dec 14	964	25	69
30 Sep 14	971	25	68
30 Jun 14	936	9	66
31 Mar 14	925	5	64
31 Dec 13	907	1	64

Quality Earnings: NOTE has high quality earnings.

Growing Profit Margin: NOTE's current net profit margins (6.7%) are lower than last year (7.8%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: NOTE's earnings have grown significantly by 25.9% per year over the past 5 years.

Accelerating Growth: NOTE's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: NOTE had negative earnings growth (-19%) over the past year, making it difficult to compare to the Electronic industry average (15.8%).

NOTE Past Earnings Performance

Past criteria checks 2/6

Key information

Recent past performance updates

NOTE AB (publ) to Report Q2, 2025 Results on Jul 14, 2025

Some May Be Optimistic About NOTE's (STO:NOTE) Earnings

Third quarter 2024 earnings: EPS and revenues exceed analyst expectations

Second quarter 2024 earnings released: EPS: kr2.35 (vs kr2.73 in 2Q 2023)

NOTE AB (publ) to Report Fiscal Year 2024 Results on Jan 27, 2025

First quarter 2024 earnings released: EPS: kr2.21 (vs kr2.93 in 1Q 2023)

Recent updates

NOTE AB (publ) to Report Q2, 2025 Results on Jul 14, 2025

CEO & President recently bought kr505k worth of stock

Some May Be Optimistic About NOTE's (STO:NOTE) Earnings

Earnings Working Against NOTE AB (publ)'s (STO:NOTE) Share Price

Third quarter 2024 earnings: EPS and revenues exceed analyst expectations

NOTE (STO:NOTE) Has A Pretty Healthy Balance Sheet

CEO & President recently sold kr5.0m worth of stock

Independent Director recently bought kr250k worth of stock

CEO & President recently sold kr1.8m worth of stock

Second quarter 2024 earnings released: EPS: kr2.35 (vs kr2.73 in 2Q 2023)

NOTE AB (publ) to Report Fiscal Year 2024 Results on Jan 27, 2025

Director recently sold kr110m worth of stock

CEO & President recently sold kr2.6m worth of stock

First quarter 2024 earnings released: EPS: kr2.21 (vs kr2.93 in 1Q 2023)

NOTE AB (publ) to Report Nine Months, 2024 Results on Oct 15, 2024

Does NOTE (STO:NOTE) Deserve A Spot On Your Watchlist?

Less than half of directors are independent

Full year 2023 earnings released: EPS: kr11.04 (vs kr8.79 in FY 2022)

Returns on Capital Paint A Bright Future For NOTE (STO:NOTE)

NOTE AB (publ) Adjusts the Guidance for the Full Year 2023

Do NOTE's (STO:NOTE) Earnings Warrant Your Attention?

Director recently bought kr37m worth of stock

CEO & President recently sold kr7.9m worth of stock

NOTE AB (publ), Annual General Meeting, Apr 18, 2024

Third quarter 2023 earnings released: EPS: kr2.24 (vs kr1.38 in 3Q 2022)

NOTE AB (publ), Annual General Meeting, Apr 18, 2024

NOTE AB (publ) to Report Fiscal Year 2023 Results on Jan 29, 2024

Director recently bought kr513k worth of stock

Director recently bought kr2.3m worth of stock

Second quarter 2023 earnings released: EPS: kr2.73 (vs kr2.04 in 2Q 2022)

Investor sentiment deteriorates as stock falls 20%

NOTE AB (publ) acquired Dvr Limited from Hellings family for £9 million.

Employee Representative Director recently sold kr144k worth of stock

CEO & President recently bought kr999k worth of stock

First quarter 2023 earnings released: EPS: kr2.93 (vs kr1.95 in 1Q 2022)

An unknown buyer acquired a 4% stake in NOTE AB (publ) from Johannes Lind-Widestam for SEK 4.4 million.

Full year 2022 earnings released: EPS: kr8.79 (vs kr6.79 in FY 2021)

NOTE AB (publ) to Report Q2, 2023 Results on Jul 13, 2023

Note AB (Publ) Provides Sales Guidance for the Full Year of 2023

Note AB (Publ) Confirms Earnings Guidance for the Fourth Quarter and Full Year of 2022

Insufficient new directors

Should You Be Adding NOTE (STO:NOTE) To Your Watchlist Today?

NOTE AB (publ) to Report Q1, 2023 Results on Apr 19, 2023

Third quarter 2022 earnings released: EPS: kr1.38 (vs kr1.68 in 3Q 2021)

NOTE AB (publ) to Report Fiscal Year 2022 Results on Jan 27, 2023

Second quarter 2022 earnings released: EPS: kr2.04 (vs kr1.65 in 2Q 2021)

NOTE AB (publ) Provides Sales Guidance for the Second Half and Full Year 2022

Here's Why We Think NOTE (STO:NOTE) Might Deserve Your Attention Today

Insufficient new directors

NOTE's plant in China is opening its operations earlier than expected

Director recently bought kr1.1m worth of stock

Insufficient new directors

Is NOTE (STO:NOTE) Using Too Much Debt?

NOTE AB (publ) to Report Q2, 2022 Results on Jul 14, 2022

Full year 2021 earnings: Revenues and EPS in line with analyst expectations

NOTE AB (publ) to Report Q3, 2022 Results on Oct 18, 2022

NOTE AB (publ)(OM:NOTE) dropped from OMX Nordic Small Cap Index

Investor sentiment improved over the past week

Independent Director recently bought kr448k worth of stock

Third quarter 2021 earnings released: EPS kr1.68 (vs kr0.99 in 3Q 2020)

Investor sentiment improved over the past week

Director recently bought kr1.7m worth of stock

Insider recently bought kr53k worth of stock

Capital Investments At NOTE (STO:NOTE) Point To A Promising Future

Is Now The Time To Put NOTE (STO:NOTE) On Your Watchlist?

CEO & President recently sold kr2.7m worth of stock

Is NOTE (STO:NOTE) Using Too Much Debt?

NOTE AB (publ) Announces Earning Guidance for the Full Year 2021

Second quarter 2021 earnings released: EPS kr1.65 (vs kr1.21 in 2Q 2020)