In the first half of 2020, a difficult period for most, NOTE’s sales increased by 16%, operating profits by 31%, operating margin grew to 7.7%. In the last two years, the stock price has increased from around SEK 23 to over SEK 60. The man in charge throughout those two years has been Johannes Lind-Widestam. Here, industry commentator Philip Stoten talks to Johannes about the strategy that served them so well throughout 2018 and 2019 and has supported them through the pandemic.