NOTE

NOTE’s new financial targets are to:

• Achieving sales of at least SEK 7.5 billion by 2027.
  This is essentially to be achieved through high organic growth, complemented by carefully selected acquisitions.
• Reach an operating margin of 10%, followed by a gradual strengthening of the operating margin.

Other financial targets regarding capital structure and dividend remain unchanged.

• Capital Structure – Equity ratio should be at least 30%.
• Dividend – the board will annually assess what level of share dividend it considers to be optimal for the year. This can be distributed to the owners in the form of dividends and/or share buybacks. Future profit distribution must above all be adapted to NOTE’s investment needs and financial position.

NOTE has long been actively engaged in sustainability efforts and participates in the climate transition. With the company's operationally adapted sustainability goals, NOTE concretizes its commitment to contribute to the global sustainability targets outlined in Agenda 2030.

NOTE's ongoing sustainability goals are that:

• NOTE's operations, within the framework of scope 1-2 according to the Greenhouse Gas Protocol, should be 100% carbon dioxide neutral.
• All units within NOTE should be workplace environment certified according to ISO 45000.

"The demand for electronic production remains strong in Europe and is expected to grow by approximately 7% per year, primarily driven by regionalization and the increasing use of electronic products in society. We are currently seeing a short-term restraint in the market linked to excessively high inventory levels in certain customer segments. We anticipate that the market will gradually strengthen and expect to continue our strong growth in the future. Therefore, we have chosen to update and clarify our financial targets going forward", says Johannes Lind-Widestam, CEO and President.

NOTE has invited to a capital market day today, Tuesday, December 12th at 13:00 via Financial Hearings at Inderes Studio, Västra Trädgårdsgatan 19 in Stockholm. The event will also be broadcast live here and will be available afterwards on NOTE's website www.note-ems.com. No prior registration is required to view the webcast. The presentations will be conducted in English.