Strong action realises new strategy
Financial performance January-March
- Sales totalled SEK 427.3 (425.0) million
- Operating profit totalled SEK 13.8 (24.8) million. The result has been burdened by costs of just over 10
MSEK for the ongoing restructuring
- The operating margin amounted to 3.21% (5.81%)
- Profit after net financial items totalled SEK 11.5 (23.0) million
- Profit after tax amounted to SEK 7.5 (16.0) million, corresponding to SEK 0.78 (1.66) per share
- Cash flow amounted to SEK 24.0 (45.6) million, corresponding to SEK 2.49 (4.74) per share
Significant events January-March
- Continued strategic transformation - measures taken to relocate labour-intensive manufacturing and
sourcing services to low-cost countries, reducing the number of employees in Sweden by 150 during the year
people or just over 20%
- Acquisition in the UK - establishment of a new Nearsourcing Centre for long-term sales growth in the UK
English market
- Acquisition of Swedish mechanical supplier - valuable mechanical expertise brought close to customers for
developing advanced prototypes and manufacturing small series
- New share-based incentive programme - 50 senior executives have subscribed to the programme
NOTE's Interim Report for January-March is available from today as a PDF file on the group's website, www.note.eu and is attached to this press release.
Date of financial information from NOTE in 2008:
Interim report January-June 18 July
Interim report January-September 24 October
For further information, please contact:
Arne Forslund, President and CEO, tel. 08-568 990 07, 070-547 74 77
Henrik Nygren, Chief Financial Officer, tel. 08-568 990 03, 070-977 06 86