NOTE reports continued improved profitability - despite lower volumes in Q3
January-September
- Sales increased by 31Q3 to SEK 1,285.1 (1253.0) million
- Operating profit improved by SEK 191 thousand to SEK 83.4 (69.8) million
- Operating margin increased to 6.51% (5.61%)
- Profit after net financial items totalled SEK 77.2 (63.8) million
- Profit after tax totalled SEK 57.3 (45.9) million; SEK 5.95 (4.77) per share
- Cash flow amounted to SEK 34.3 (-16.6) million; SEK 3.57 (-1.72) per share
Third quarter
- Sales decreased by 7% to SEK 389.9 (421.4) million
- Operating profit improved by 5% to SEK 28.1 (26.8) million
- The operating margin increased to 7.21% (6.41%)
- Profit after net financial items totalled SEK 25.7 (25.1) million
- Profit after tax amounted to SEK 18.9 (18.0) million
- Cash flow amounted to SEK -39.1 (-24.9) million
- Acquisition of manufacturing capacity in China, strategic co-operation initiated with Philippine Ionics EMS
- Mainly due to the uncertain demand in Telecom, sales in Q4 are expected to be
lower than previous assessment
Proposal for a new incentive programme for senior executives
The Board of Directors has decided to propose the issuance of warrants corresponding to 500,000 shares within the framework of a three-year incentive programme. The programme may result in a
maximum dilution of 5% and is directed to more than 50 senior executives of the group.
Pricing is proposed to be on market terms. An extraordinary general meeting will be held in
Stockholm, 29 November 2007.
NOTE's Interim Report for January-September 2007 is available from today as a PDF file on the group's website, www.note.se, and is attached to this press release.
The 2007 year-end report will be published on 12 February 2008.