Profit improved despite lower volumes in the second half-year
January-December
- Sales increased to SEK 1,743.8 (1,741.5) m
- Operating profit improved by 8% to SEK 111.9 (103.6) m
- Operating margin grew to 6.4% (5.9%)
- Profit after financial items was SEK 103.8 (96.2) m
- Profit after tax amounted to SEK 78.2 (68.6) m, equivalent to SEK 8.13 (7.13) per share
- Cash flow after investments was SEK -0.5 (24.8) m, corresponding to SEK -0.05 (2.58) per share
- Intensified, methodical implementation of NearsourcingTM, NOTE's unique business model, based
on volume production in costs-efficient countries, the implementation of the NOTEfied preferred parts
database and cost-efficient development work close to the customer, which cuts customers' time to
market
- The Board of Directors is proposing a dividend increase to SEK 2.75 (2.25) per share
Fourth quarter
- Sales reduced by 6% to SEK 458.6 (488.5) m
- Operating profit was SEK 28.5 (33.8) m
- Operating margin reduced to 6.2% (6.9%)
- Profit after financial items amounted to SEK 26.6 (32.4) m
- Profit after tax was SEK 21.0 (22.7) m
- Cash flow after investments stood at -34.8 (41.4) m
NOTE's Year-end report for January-December 2006 is now both available in PDF format at NOTE's website, www.note.se, and attached to this message.
The Annual Report for 2007 will be published on 4 April. The Interim Report for January-March 2008 will be published on 18 April.
For more information, please contact:
Arne Forslund, CEO & President, tel. +46 (0)8 568 990 07, +46 (0)70 547 74 77
Henrik Nygren, CFO, tel. +46 (0)8 568 990 03, +46 (0)70 977 06 86