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The latest update is out from NOTE AB ( (SE:NOTE) ).
NOTE AB reported weaker first-quarter 2026 results, with sales slipping to SEK 962 million and organic growth down 6%, while operating profit and margin also declined versus a strong prior-year comparison. Profit after tax fell to SEK 52 million, and operating cash flow dropped markedly, contributing to a negative total cash flow after investments as the company stepped up spending.
Despite softer earnings, NOTE strengthened its strategic footprint in the defence sector, winning a SEK 135 million order from a leading Nordic defence group and joining the Swedish Security & Defence industry association SOFF. The company also acquired U.K.-based STI Enterprises Holdings, a specialist in advanced defence-related electronics expected to add SEK 550–600 million in 2026 sales, supporting NOTE’s confirmed full-year margin outlook and long-term growth ambitions.
More about NOTE AB
NOTE AB is an electronics manufacturing services (EMS) provider that produces advanced and critical electronic solutions for customers across sectors including security and defence. Through acquisitions in the U.K. and expansion in Scandinavia and Europe, the company is positioning itself as a key partner in robust, reliable defence and industrial supply chains.
Average Trading Volume: 74,317
Technical Sentiment Signal: Strong Buy
Current Market Cap: SEK5.74B
For a thorough assessment of NOTE stock, go to TipRanks’ Stock Analysis page.

