NOTE AB (publ) NOTE.ST
Nasdaq Stockholm · Technology · Electronic Components
152.80 SEK
−0.1%
2026-11-06
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Guidance from NOTE
BetaWhat the company says it expects, and how often it has delivered on it.
Guidance met
55%
31 statements, 5 years
Met or beaten
65%
18 of 33 met since 2016
Guidance in the latest report
- Expected sales contribution from STI (FY 2026)
“NOTE anticipates STI contributing approximately SEK 550-600 million of sales in 2026.” (p. 3) - Potential annualised sales from new AI data centre hardware customer; production starts Q1 2027 (2028)
“Production is scheduled to start in the first quarter of 2027 with production volumes progressively increasing with the potential for an annualised rate of approximately SEK 100 million in 2028.” (p. 3) - Financial target: equity to assets ratio at least 30% (medium term)
“According to NOTE’s financial targets, its equity to assets ratio should be at least 30%.” (p. 7) - Material limitations may restrict short-term growth and tie up more capital in inventory (short term)
“Simultaneously, though, limitations to materials mean that growth in the short term may be limited, and more capital tied up in inventory.” (p. 4)
Guidance against the outcome
| Given | What | Period | Guided | Actual | Outcome |
|---|---|---|---|---|---|
| 2025-10-16 | Revenue anticipate sales in the SEK 1,000-1,050 million interval in the fourth quarter |
Q4 2025 | 1,000 – 1,050 | 1,001 | Met |
| 2025-07-14 | Revenue narrowed the interval of our full-year sales estimate to SEK 3.9-4.1 million from SEK... |
full-year 2025 | 3,900 – 4,100 | 3,814 | Below |
| 2025-07-14 | Operating margin reitera-ting our operating margin estimate in the 9.5-10.5% interval |
full-year 2025 | 9.5 % – 10.5 % | 10.0 % | Met |
| 2025-01-27 | Revenue reiterating our guidance of sales in the SEK 3.9-4.3 billion interval |
Full year 2025 | 3,900 – 4,300 | 3,814 | Below |
| 2025-01-27 | Operating margin reiterating our guidance of an operating margin in the 9.5-10.5% interval |
Full year 2025 | 9.5 % – 10.5 % | 10.0 % | Met |
| 2023-04-19 | Revenue target of SEK 5 billion sales by 2025 |
2025 | ≥ 5,000 | 3,814 | Below |
| 2022-01-28 | Revenue achieve sales of SEK 5 billion latest by 2025 |
2025 | 5,000 | 3,814 | Below |
| 2022-01-28 | Operating margin achieve a minimum operating margin of 10% latest by 2025 |
2025 | ≥ 10.0 % | 10.0 % | Below |
| 2025-10-16 | Operating margin operating margin in the 10.0–11.0% interval |
Q4 2025 | 10.0 % – 11.0 % | 11.3 % | Above |
| 2025-04-24 | Revenue expects sales for the second quarter of 2025 to be in the SEK 950-1,050 million interval |
Q2 2025 | 950 – 1,050 | 980 | Met |
| 2024-07-15 | Operating margin margin of 9.5-10.5% |
2024 | 9.5 % – 10.5 % | 9.0 % | Below |
| 2024-07-15 | Revenue full-year 2024 sales in the SEK 4.1-4.4 billion interval |
2024 | 4,100 – 4,400 | 3,901 | Below |
| 2024-04-18 | Revenue expect full-year 2024 sales of SEK 4.3-4.7 billion |
Full year 2024 | 4,300 – 4,700 | 3,901 | Below |
| 2024-10-14 | Revenue For the full year 2024, this means sales of SEK 3.83–3.90 billion |
Full year 2024 | 3,830 – 3,900 | 3,901 | Met |
| 2023-10-17 | Revenue expects revenue growth |
2024 | Up (from 4,247) | 3,901 | Below |
| 2024-10-14 | Operating margin operating margin in the 8.9–9.2% interval |
Full year 2024 | 8.9 % – 9.2 % | 9.0 % | Met |
| 2024-10-14 | Operating margin minimum operating margin of 9.5% |
Q4 2024 | ≥ 9.5 % | 9.6 % | Met |
| 2024-04-18 | Revenue anticipate sales of SEK 1,025–1,075 million for the second quarter |
Q2 2024 | 1,025 – 1,075 | 1,012 | Below |
| 2023-01-30 | Revenue guidance about sales of at least SEK 4 billion |
Full year 2023 | ≥ 4,000 | 4,247 | Met |
| 2023-07-13 | Revenue expects to achieve sales of at least SEK 4.3 billion for the full-year 2023 |
2023 | ≥ 4,300 | 4,247 | Below |
| 2023-04-19 | Revenue expects sales of at least SEK 4.2 billion for the full year 2023 |
2023 | ≥ 4,200 | 4,247 | Met |
| 2023-01-30 | Revenue expects good potential to achieve sales of SEK 1 billion for Q1 |
Q1 2023 | 1,000 | 1,051 | Above |
| 2022-07-14 | Revenue anticipate sales of at least SEK 3.6 billion in 2022 |
2022 | ≥ 3,600 | 3,687 | Met |
| 2022-04-20 | Revenue growth potential to achieve growth of at least 30% for the full year 2022 |
2022 | ≥ 30.0 % | 39.5 % | Met |
| 2022-01-28 | Revenue anticipate very brisk sales performance in 2022 |
2022 | Up (from 2,643) | 3,687 | Met |
| 2022-10-17 | Revenue expects sales of SEK 3.65 billion |
2022 | 3,650 | 3,687 | Met |
| 2021-01-28 | Revenue prospects in 2021 of achieving our growth target of at least 10% |
2021 | ≥ 10.0 % | 41.0 % | Met |
| 2021-07-13 | Revenue growth see good potential to achieve organic growth of over 20% for the full year |
full year 2021 | ≥ 20.0 % | 41.0 % | Met |
| 2021-04-19 | Revenue growth of 10%-20% for the full year |
full year 2021 | 10.0 % – 20.0 % | 41.0 % | Above |
| 2021-07-13 | Operating margin continue to look forward to increased operating profit and a stronger operating margin |
full year 2021 | Up (from 8.0 %) | 9.5 % | Met |
| 2021-07-13 | Revenue expects full-year sales will be at least SEK 2.45 billion, corresponding to total... |
full year 2021 | ≥ 2,450 | 2,643 | Met |
| 2020-04-23 | Revenue expects sales in the second quarter of about SEK 500 million, corresponding to growth... |
Q2 2020 | ≥ 500 | 500 | Met |
| 2016-04-19 | Revenue suggests continued positive sales performance in 2016 |
2016 | Up (from 1,122) | 1,098 | Below |
Amounts in SEK million. Each outcome counts from the day the report with the actual figure was published, as a backtest sees it. Hover a metric for the report's own words; click the date or the actual figure to open the report on its page.
Guidance only counts when it names a year or quarter and a figure the reports show: revenue, operating profit, margins, EPS and bank and insurance ratios. Read by an AI model and can be wrong. Not investment advice.
Not investment advice. Figures may contain errors from the data source.