NOTE's Interim Report January-June 2009
Financial performance January-June
- Sales reduced by 28% to SEK 641.2 (896.5) m
- Operating profit of SEK -26.7 (29.9) m, including non-recurring costs of just over SEK 8 m relating to
the change of CEO in June
- The operating margin was -4.2% (3.3%)
- The profit after financial items was SEK -31.0 (24.0) m
- The profit after tax was SEK -24.5 (15.7) m, or SEK -2.54 (1.63) per share
- Cash flow after investments was SEK -4.5 (29.4) m, or SEK -0.47 (3.05) per share
Financial performance April-June
- Sales reduced by 33% to SEK 312.1 (469.2) m
- Operating profit of SEK -18.1 (16.2) m, including non-recurring costs of just over SEK 8 m relating to
the change of CEO in June
- The operating margin amounted to -5.8% (3.4%)
- The profit after financial items was SEK -19.8 (12.5) m
- The profit after tax was SEK -16.0 (8.2) m
- Cash flow after investments was SEK 10.8 (5.4) m
Significant events January-June
- Knut Pogost appointed as CEO and President of NOTE
- Continued strategic realignment-measures implemented to transfer labour-intensive production
and sourcing services to the group's units in cost-efficient countries.
decided restructuring measures, staffing in Sweden reduced by 135 people, or 24%
- New funding facility arranged with NOTE's bank connection
- Market breakthrough for Nearsourcing-Kongsberg Defence & Aerospace of Norway decided to
utilise the NOTEfied preferred parts database when developing new products, building on its
collaboration with the Nearsourcing centre in Oslo
- Nearsourcing secures new customers-new collaboration agreements signed with companies
including OTRUM, Telespor, Tour & Andersson and Radiocrafts
NOTE's Interim Report for January-June is now available in PDF format on the corporate web site, www.note.eu and attached to this message.
The Interim Report for January-September will be published on 20 October.