NOTE's Interim Report January-September 2009
Financial performance, January-September
- Sales reduced by 30% to SEK 908.6 (1,295.0) m
- Operating loss of SEK -88.1 (44.1) m, including non-recurring costs of SEK 63.7 m
- The operating margin was -9.7% (3.4%)
- The loss after financial items was SEK -93.7 (36.0) m
- The loss after tax was SEK -71.1 (23.4) m, or SEK -7.39 (2.43) per share
- Cash flow after investments was SEK 9.7 (31.3) m, or SEK 1.01 (3.25) per share
Financial performance, July-September
- Sales reduced by 33% to SEK 267.4 (398.5) m
- Operating loss of SEK -61.4 (14.2) m, including non-recurring costs of SEK 55.7 m relating to the decision to cease producing a significant product in the Telecom segment
- The operating margin amounted to -23.0% (3.6%)
- The loss after financial items was SEK -62.7 (12.0) m
- The loss after tax was SEK -46.6 (7.7) m
- Cash flow after investments was SEK 14.2 (1.9) m
Significant events in January-September
- Knut Pogost appointed as CEO and President of NOTE
- 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, Radi Medical Systems and Radiocrafts
- Structural change in Telecom-a decision to cease a significant product by NOTE's largest customer in its Telecom segment necessitates further downsizing of operations at NOTE's unit in Skellefteå
NOTE's Interim Report for January-September is now available in PDF format on the corporate web site, www.note.eu and attached to this message.
The Year-end Report for 2009 will be published on 10 February 2010.