Increased profits despite lower volumes in the second half
January-December
- Sales increased by SEK 1,743.8 (1,741.5) million
- Operating profit improved by 8% to SEK 111.9 (103.6) million
- Operating margin increased to 6.41% (5.91%)
- Profit after net financial items totalled SEK 103.8 (96.2) million
- Profit after tax totalled SEK 78.2 (68.6) million, corresponding to SEK 8.13 (7.13) per share
- Cash flow after investments amounted to SEK -0.5 (24.8) million, corresponding to SEK -0.05 (2.58) per share
- Intensified, methodical implementation of NOTE's unique NearsourcingTM business model based on
volume production in cost-effective countries, the introduction of the NOTEfied component database and a
geographically close and cost-effective development work that shortens customers' time-to-market
- The Board of Directors proposes that the dividend be increased to SEK 2.75 (2.25) per share
Fourth quarter
- Sales decreased by 6% to SEK 458.6 (488.5) million
- Operating profit amounted to SEK 28.5 (33.8) million
- Operating margin decreased to 6.21 per cent (6.91 per cent)
- Profit after net financial items totalled SEK 26.6 (32.4) million
- Profit after tax totalled SEK 21.0 (22.7) million
- Cash flow after investments amounted to SEK -34.8 (41.4) million
NOTE's year-end report for January-December 2007 is available as of today as a PDF file on the group's website, www.note.eu, and is attached to this press release.
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 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