NOTE reports continued improved profitability
January-June
- Sales increased by 8% to SEK 895.2 (831.6) million
- Operating profit improved by 29% to SEK 55.3 (43.0) million
- The operating margin increased to 6.21 pct (5.21 pct)
- Profit after tax totalled SEK 38.4 (27.9) million; SEK 3.99 (2.90) per share
- Cash flow amounted to SEK 73.4 (8.3) million; SEK 7.63 (0.86) per share
- New Board of Directors appointed and Arne Forslund reinstated as CEO
- Long-term co-operation agreements signed with Kongsberg and Schneider Electric
- Decision on new financial targets
Second quarter
- Sales increased by 9% to SEK 470.2 (433.1) million
- Operating profit improved by SEK 271k to SEK 30.5 (24.1) million
- Operating margin increased to 6.51% (5.61%)
- Profit after tax totalled SEK 22.4 (15.8) million
- Cash flow amounted to SEK 27.8 (-15.4) million
New financial targets
Growth targets
NOTE will increase market shares organically and through acquisitions.
Profitability targets
NOTE will grow under profitability. In the long term and on average over a business cycle, profitability, expressed as return on operating capital, shall exceed 35%.
Capital structure targets
The solvency ratio shall be at least 30%.
NOTE's Interim Report for January-June 2006 is available as of today as a PDF file on the group's website, www.note.se, and is attached to this press release.
Date of financial information from NOTE for the remainder of 2006:
Interim Report January-September 26 October 2007.